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NEWS |
What next for the UK oil and gas industry?
Pressure is increasing on the oil and gas industry to define its role in the energy transition away from fossil fuels or risk losing its social licence to operate...
NEWS |
$20 oil will not devastate UK production, but it is not a pretty picture
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-ins are already happening around the world....
NEWS |
UK’s Underwater Engineering Industry Responds to the COVID-19 Pandemic
The UK’s underwater engineering industry is exploring ways in which it can transfer its expertise to help support the national effort to tackle the coronavirus pandemic....
NEWS |
UKOG delays capital spending because of coronavirus
UK Oil & Gas plc said today it had delayed its capital expenditure programme because of the covid-19 outbreak.
NEWS |
COVID-19 crisis proves the need to repatriate more industry to the UK, says NOF Chief Executive
NOF Chief Executive George Rafferty has praised the resilience of the energy sector supply chain during the COVID-19 outbreak and believes a repatriation of engineering skills and expertise after the (...)
NEWS |
UK oil and gas industry M&A deals worth US$1.75 billion in 4Q19
Total oil and gas industry merger and acquisition (M&A) deals in 4Q19 worth US$1.75 billion were announced in the UK, according to GlobalData’s deals database.
NEWS |
Licensing in 2020/21 suspended by UK Oil and Gas Authority
The UK Oil and Gas Authority has halted its licensing rounds for offshore exploration acreage in the North Sea at least until next year, it said on Tuesday.
NEWS |
North Sea Oil & Gas Review
Energy transition plans, industry reports, and several company contracts and updates were the highlights in the UK oil, gas, and energy industry between the middle of January and mid-February.
NEWS |
Union Jack Oil re-commences well testing at West Newton A-2 well
Union Jack Oil plc has re-commenced the Extended Well Test (EWT) at the West Newton A-2 well site in Yorkshire, UK, and the proposed commencement of appraisal drilling operations at the West Newton B- (...)
NEWS |
UK North Sea Oil & Gas Review – January 2020
Despite the festive period, the UK oil and gas industry had an eventful month between the middle of December and the middle of January. Major industry reports, updates on field developments, and a lot (...)
NEWS |
9,000 new oil and gas jobs due as ‘decline arrested’
The UK’s underwater engineering industry is set to recruit 9,000 new workers over the next three years, the majority of which will be in Scotland.
NEWS |
UK-EU oil and gas ties to remain strong post-Brexit, says GlobalData
As the UK leaves the EU, ripple effects will be felt throughout the UK economy. For the oil and gas industry, changes will occur but the impact of Brexit is unlikely to hamper the strong industry ties (...)
NEWS |
BP “Pulls Out” of Kirkuk Oilfield
BP has reportedly finished its work at Iraq’s giant Kirkuk oilfield.
NEWS |
Operational production costs have fallen globally, led by the United Kingdom
Operational production costs in the oil and gas industry have fallen across the globe, with the United Kingdom emerging as a cost-cutting powerhouse among global offshore regions.
NEWS |
Overview: Supply Chain & Procurement in the Oil & Gas Industry
The supply chain is an indispensable part of every oil and gas activity and operation. Upstream companies need drilling equipment and drilling services providers to explore and produce oil and gas.
NEWS |
32nd Offshore Licensing Round generates considerable interest
The United Kingdom’s latest offshore licensing round has attracted 104 applications covering 245 blocks or part-blocks across the main producing areas of the UK Continental Shelf (UKCS).
NEWS |
December 2019 UK North Sea Oil & Gas Review
Several annual industry reports, many contracts, corporate news, and drilling updates were the highlights in the UK oil and gas sector this past month.
NEWS |
New oil and gas partnership makes an encouraging start
The UK Oil and Gas Innovation Centre recently announced £640,000 in funding for the University of Aberdeen’s Centre for Applied Dynamics Research (CADR).
NEWS |
UK oilfield service provider mulls RM1.24 bil Malaysian asset sale
Petrofac Ltd, the United Kingdom-listed oilfield service provider, is weighing a sale of its Malaysian assets for about US$300 million (RM1.247 billion), according to people with knowledge of the matt (...)
NEWS |
Oil and gas expansion ‘makes a mockery’ of UK climate boasts
The UK’s contribution to tackling climate change is being undermined by expanding oil and gas production, according to a report from campaigners.
NEWS |
Babcock secures North Sea support contract
Babcock Offshore has agreed a three year crew transport contract to support Serica Energy, a mid-tier UK oil and gas company and 50 year veteran of North Sea operations.
NEWS |
UK oil industry calls for urgent action on carbon capture development
Investment in the energy sector needs to double from £20-£25bn a year today to £40-£40m if the UK is to meet its net zero challenge.
NEWS |
Weekly oil & gas highlights: UKOG, Union Jack, Longboat, i3 Energy, Bahamas Petroleum ...
UK Oil & Gas PLC told investors this week that the new horizontal well at the Horse Hill project is now complete.
NEWS |
Fracking halted in England over earthquake fears, UK government announces
The controversial process of “fracking” will be halted in England due to the risks of triggering earthquakes when trying to tap shale gas reserves, the UK government has announced.
NEWS |
UK North Sea Oil & Gas Review – October 2019
Major oil and gas field developments, start-ups, exploration drilling, and corporate deals marked this past month’s activity in the UK North Sea.
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