Interview: Petrofac still banks on North Sea, says chief
The mature North Sea basin remains a "core market" for slimmed down oil and gas services firm Petrofac.
2016
BP results: Bob Dudley – 2017 market rebalance relies on OPEC behaviour
BP chief executive Bob Dudley said the recovery of the global oil and gas market depends on OPEC behaviour.
Video: Incredible North Sea waves video goes viral with more than 50,000 views
A video by a North Sea worker capturing incredible waves on Boxing Day 2016 has gone viral with more than 50,000 views.
Opinion: Expecting the unexpected in 2017
If ever there was a year which the phrase ‘expect the unexpected’ seemed relevant – 2016 is it. From the referendum decision to leave the European Union, and the resulting new leadership in the UK Government, to the election of Donald Trump, it’s been a year of unpredicted events.
Chevron expects projected investments to be 15% less in 2017
Oil major Chevron said its budget for next year will see a reduction of 42% from 2015 and is expected to be at least 15% lower than projected investments for 2016.
EY Guest Editor Video: Derek Leith gives his view on the Autumn Statement
EY’s head of oil and gas taxation gives his quick round-up of this year's Autumn Statement.
Autumn Statement 2016: SNP accuse Hammond of “failure” on oil and gas
UK Chancellor Phillip Hammond has been accused of "complete failure" after no new measures were revealed in the Autumn Statement for the North Sea oil and gas industry.
Opinion: We could do well to remember the UK’s support for the North Sea
I don’t think the industry was expecting any major changes to the fiscal regime for the North Sea today, given the overhaul we have seen over the last two Budgets.
Promoted: EIC Connect Oil & Gas 2016 – the international supply chain event of the year
On 22 and 23 November, Manchester Central will be playing host to specialist suppliers, movers and shakers across the oil and gas industry. The event is the EIC Connect Oil & Gas conference and exhibition hosted by the Energy Industries Council (EIC), which helps companies working in the energy industries to maximise business opportunities in the UK and overseas.
IN PICTURES: More glitz and glamour from the P&J Energy Ball 2016
Energy Voice has unearthed more pictures from the 2016 P&J Energy Ball. Here are some more gems from the energy event of the year. You can order images from the night here. Guests danced the night away to the Swan Band, and raised funds for the deserving Wings for Warriors Charity.
ONS 2016: Eldar Saetre says industry has just “scratched the surface” of succeeding in low oil
Industry has just “scratched the surface” of what is possible in a low oil price, Statoil’s Eldar Saetre said.
Last chance to enter 2016 Gold Awards
Today is the final day that companies have to enter the Press and Journal’s 2016 Gold Awards.
OGUK 2016: Keith Brown to address conference
The Scottish cabinet secretary for the Economy, Jobs and Fair Work will address this year's Oil & Gas UK annual conference.
OTC 2016: Scots ‘back deck’ firm chooses Houston
Subsea “back deck” solutions company Maritime Developments (MDL) has established a subsidiary in Houston following growing success winning business with companies working both the US domestic and wider international upstream markets. This is seen as a springboard both into US and global offshore opportunities perhaps more easily accessed and bid from the world’s oil & gas capital than Europe.
Swinney: Osborne “could have done more” to help North Sea offshore industry
John Swinney has said Chancellor George Osborne "could have done more" in his Budget to help the North Sea offshore industry.
Opinion: Critical to tackle the collapse in investment
Oil and gas companies have made significant in-roads into reducing the cost of production, but this is in the context of some of the highest operating costs in the world. With the oil price falling from the highs of above $100 a barrel in the summer of 2014, those cuts alone cannot go far enough and real fiscal stimulus is needed to drive renewed investment.
Budget 2016: Statoil says measures “positive signal” for the UKCS
Norwegian operator Statoil said the measures implemented yesterday by the UK Government were a "positive signal" for the UKCS.
Opinion:UKCS doesn’t need hand-outs, it needs a tough-minded business approach
Several years ago I spent time in Australia. Visiting a North Queensland mining community I fell into conversation with an engineer who said something to the effect that one of the biggest problems for the industry Australia-wide was the inability to fight ballooning costs and wage inflation. His further comment was even harder hitting. There were just too many people on the payroll, and too many people very well paid to perform slight-to-unimportant tasks.
Budget 2016: SNP brands oil and gas measures “missed opportunity”
The SNP branded George Osborne’s Budget a “missed opportunity” last night and accused him of “lacking the vision” to bring forward a long-term strategy for the North Sea.
Osborne’s 2016 Budget: Winners and losers
WINNERS:
Budget 2016: Aberdeen MP calls tax measures ‘mixed bag’
A raft of new measures brought in to support the North Sea oil and gas industry have been described as a "mixed bag" by an Aberdeen politician.
Budget 2016 Video: EY’s Derek Leith reacts to North Sea measures
EY's head of oil and gas taxation gives his quick round-up of the changes made by the UK Government to support the North Sea oil and gas industry.
Budget 2016: Oil majors react to raft of North Sea oil and gas measures
Oil major's BP and Shell have backed the changes implemented by the UK Government to help support the North Sea oil and gas industry amid the global decline in oil price.
Budget 2016: Tax reductions will “significantly” help North Sea
The changes made by Chancellor George Osborne in today's budget will "significantly" help the UK oil and gas industry, according to a leading legal expert.
Petronas to tap into reserves to meet 2016 dividend
Petronas has warned it may need to borrow or tap into reserves to meet its dividend this year and fund reduced spending.