Decommissioning is now a significant part of the landscape of activity in the UKCS – annual decommissioning expenditure has topped £1 billion since 2015 and may come close to £2bn when Oil and Gas UK reports its estimate for 2018 later this month.
Oil and gas production techniques are expected to become "leaner and cleaner" as the sector adapts to the energy transition, energy consultancy DNV GL said yesterday.
The energy sector is set for a “golden age of gas” over the next three to four decades, an industry expert has said.
An energy transition is under way on a scale and at a speed that is unprecedented, forced by the growing realisation that climate change is a serious and growing issue, though at what pace remains hotly debated, writes Jeremy Cresswell
An oil company which is drilling about 20% of all Norwegian exploration wells this year plans to persevere with its bold approach.
An uptick in offshore decommissioning could make it harder for companies to develop smaller oil reservoirs using existing, ageing infrastructure, a new report said.
Oil industry technical advisor DNV GL has appointed Tim Roff as market sector leader for the UK onshore gas industry.
A majority of energy firms expect to see "increased investment" in gas over future oil exploration, a survey by a technical advisory company to the to the sector revealed today.
Oil and gas advisory DNV GL has called the industry “ridiculously conservative”, causing barriers to innovation.
Oil and gas advisors DNV GL have warned of a knowledge loss “time bomb” in the sector.
Assurance body DNV-GL has approved Energean Oil & Gas's design for a new-build floating production vessel for a major oilfield development off Israel.
The First Minister has been questioned on the Scottish Government’s support of offshore safety following a series of reports outlining concerns.
A disaster on the scale of Piper Alpha could befall the North Sea oil sector again, an industry expert has warned.
Two major new centres for the development of high-end 3D printing are being established, by DNV GL in Singapore and Siemens in the UK.
Investment is starting to flow back into the UK oil and gas industry as confidence levels soar after three tough years, a new report says.
2017 has been a year of consolidation. We started the year with oil price hovering around $50.00pb, saw a dip just below $44.00pb in the summer and at the time of writing, we see the price of Brent Crude at $62.00pb. The average price of oil is expected to be $55.00 in 2017, $10.00 more than in 2016. Is it yet safe to say that there is an upward trend? Perhaps not, but together with cost savings it is, safe to say that the industry is more ‘fit for the future’.
Oil and gas companies are putting their competitiveness to one side and are overcoming a reluctance to share data, an industry chief has said.
North Sea industry needs to “face the facts” and accept that it must cut costs even deeper to remain competitive, a senior industry figure has said.
DNV GL and Goldwind International have signed a memorandum of understanding (MoU) to work together to improve the Chinese firm's software.
Norwegian firm DNV GL has won a contract to provide verification services for Maersk Oil's Tyra field redevelopment in the Danish North Sea.
The oil and gas industry is “actively transitioning into a more sustainable energy future” – but more needs to be done to guard against the risk of climate change - according to Norwegian firm DNV GL.
Confidence amongst senior oil and gas bosses for this year has stopped falling although the North Sea is where optimism is at the lowest ebb, new research has revealed.
Eight months after COP21 CEOs of oil majors talk about CCS, gas for coal and a transition towards a low carbon future, but there is still a lot more that can be done.
More work has to be done to meet sustainability targets, according to DNV GL's chief executive.
DNV GL has won a five-year contract from Wintershall to provide in-service verification work for the company's RAVN and A6-A platforms.