£100bn of North Sea projects held up as production hits 30-year low
Around £100 billion of North Sea projects are being held up over political uncertainty – while UK oil production hit its lowest in nearly 30 years.
Around £100 billion of North Sea projects are being held up over political uncertainty – while UK oil production hit its lowest in nearly 30 years.
Nearly half of the UK offshore wind projects needed to reach 2030 net zero targets are only at the concept stage, according to new research.
A senior industry figure has stressed the importance of oil and gas to a successful energy transition, describing the two as “inextricably linked”.
The chief executive of Oil and Gas UK (OGUK) has said a rebrand is “absolutely” something the trade body should be considering.
OGUK’s Economic Report 2019, which launches this week at Offshore Europe, will reinforce the importance of the UK’s oil and gas industry, a sector that is critical in meeting today’s energy needs and one that will be a key contributor to tomorrow’s energy mix.
Industry bosses will chew over the findings of Oil and Gas UK’s new flagship economic report at joint breakfast events in Aberdeen and London next month.
The Treasury needs to do more to help the oil and gas industry unlock the £1trillion of oil estimated to be recoverable from the UK North Sea, according to a new report.
For too long, some have perceived the UK's oil and gas contractor sector as the silent partner in contracting relationships.
COMBINED investment of £10billion by BP and its partners appeared to dampen claims that North Sea investment had been damaged by the chancellor's March tax grab.