Some 140 fields could cease production on the UK Continental Shelf over the next five years, according to research by analysts Wood Mackenzie. The firm says high oil prices have enabled North Sea operators to extend field life and delay decommissioning time and time again…
The 2016 Offshore Achievement Awards are being launched today at SPE Offshore Europe, with new categories revealed. 2016 will mark the 30th anniversary of the awards, since their inception by Scottish Enterprise. The awards, relaunched in 2011…
Proserv CEO David Lamont is keeping his head held high during these depressing market conditions. The executive says he remains optimistic about the North Sea, especially because of the downturn. In fact, during SPE Offshore Europe, he described it as good for the region…
UK-based basement explorer Hurricane Energy is a step closer to developing its UK North Sea Lancaster field after the Oil and Gas Authority agreed to the company's request for a field determination area for it. The field was granted discovery oil field status as oil field number 572…
The secure and permanent storage of carbon dioxide (CO2) within a single geological storage formation can be optimised by injecting CO2 at more than one point simultaneously, according to results from an innovative study of rocks beneath the UK North Sea…
Bibby Offshore, a subsea services provider, has delivered two multimillion dollar decommissioning contracts to the UK Continental Shelf (UKCS). Endeavour Energy appointed Bibby Offshore to perform operations in the Renee and Rubie fields…
GE Oil & Gas signed a framework agreement with Statoil to provide subsea operations services for the Statoil’s operated fields Tordis, Vigdis, Snorre and Troll, located northwest of Stavanger. The agreement will be effective on 1 October 2015…
The speakers at Wednesday's Oil & Gas UK economic report release highlighted the need for a major transformation to take place within the oil and gas industry. All noted that problems in the UKCS began long before the decline in oil prices…
Norway’s Ministry of Petroleum and Energy Ministry (NPD) received applications from 43 companies for it latest Awards in Predefined Areas (APA) 2015 Norwegian continental shelf licensing round. Image from Chevron…
Aker Solutions appointed David Clark as regional president of the UK and Africa to oversee an expansion and support operations in these markets. He will assume the position on 21 September 2015 and report to CEO, Luis Araujo. Clark, a UK national…
Despite initial hopes of a V-shaped recovery, the UK Continental Shelf is set to see a more gradual recover over time, which will prove to be not only a stress test, but a test of resilience, according to a senior Lloyds Register director…
Today, the UK’s oil and gas industry faces arguably the most challenging period in its turbulent history. According to Oil & Gas UK, capital investment, which reached a record high of £14.4 billion in 2013, is expected to fall by more than half to about £7 billion by 2016…
BP executive Bernard Looney said in his lunchtime speech that there are plenty of reasons to remain optimistic about the UK oil and gas sector, despite recent job losses totaling 5500. “We’re a growth industry,” Looney said. “Not many industries can say that…
Expro has been awarded two contracts together worth US$25 million in the North Sea. In one contract, Wintershall has awarded Expro a five-year contract for work on its recently approved Maria development project, in the Haltenbanken area…
Autronica Fire and Security has announced that Statoil has selected the Autro Safe integrated fire and gas detection system for operations in the Johan Sverdrup oil field in the North Sea. As part of the four-year framework agreement…