Industry body Oil & Gas UK is calling on the UK Government to offer fiscal support for exploration in the UK North Sea, alongside lower taxes, and simpler field allowances. The call, made in the body’s Economic Report 2014, comes as the UK’s oil and gas industry faces rising operating costs…
Elaine Maslin examines how better data trending and a focus on key hubs could help improve ailing production efficiency rates and extend asset life on the UK Continental Shelf and beyond. NI CompactRIO…
First oil from EnQuest’s Alma/Galia development in the North Sea is now not expected until next year, the firm said today (August 13). First production from the field, due to be developed using the EnQuest Producer floating production…
Engineering company PD&MS Energy has been awarded an offshore contract extension for engineering work on Fairfield Energy’s North Sea assets. Following an initial three-year contract, the options will see the Aberdeen-headquartered company provide engineering…
UK-based independent EnQuest says it has made a discovery in the North Sea and agreed a field development project with Malaysia’s Petronas. Drilling on the North Sea Avalon prospect confirmed a discovery. EnQuest said preliminary analysis…
Trelleborg announced it will open a new purpose-built facility in Berryville, Virginia, for its marine systems operation. As part of ongoing investment in its US operations, Trelleborg Marine Systems will relocate all of its existing employees from its current site in Clear Brook…
Wrench time has been highlighted as one of the key areas the UK offshore oil and gas industry needs to address to improve production efficiency levels. Average wrench time - the amount of time spent working on a mechanical project, either…
Targeted maintenace could boost UK North Sewa production by 10%, equating to US$18 billion in annual revenue, suggests Alan D'Ambrogio, ABB Consulrung's vice president, oil and gas. Meg Chesshyre reports. In 2013, the industry invested £13…
BP has chosen accommodation vessel provider Prosafe for a 13 month contract as part of a major upgrade project on its ETAP facility in the North Sea. The US$98.2 million contract will see BP Exploration Operating Company Limited (BP)…
A government-commissioned report into the future of the UK’s oil and gas industry has recommended the creation of a new industry-funded arms-length regulatory body with powers similar to those seen in Norway and the Netherlands. The…
Centrica Energy is to extend its contract for the Hummingbird Spirit until March 2016. The cylindrical FPSO, owned by Teekay, has been operating on the Centrica-operated Chestnut field, north east of Aberdeen, in the central North Sea since 2008…
Upstream oil and gas investment on the UK Continental Shelf (UKCS) reached a record £13.5 billion this year, according to a new study. But, despite the high spending, production efficiency continues to be an issue in the North Sea, says Oil & Gas UK’s 2013 Economic Report…
Industry and government bodies think there is still a strong future in the UK North Sea, but they are not complacent about the challenges the basin faces. After more than 40 years of production from the North Sea, with declining output…
CGG announced today that its new fleet, with the addition of four high-end vessels from its recent acquisition of Fugro Geoscience, set two new industry records that highlight the strength of its marine capabilities. Firstly, through…
ExxonMobil's Rex TillersonMajors to jointly develop Siberian tight oil Rosneft and ExxonMobil signed a pilot development agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia…
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