A decade ago, oil&gas production in the UK stood at 4.5million barrels oil equivalent per day. Last year, that figure was 2.5mmboed. The UK Continental Shelf (UKCS) is in decline, but the UK oil&gas industry is most certainly not.
Aberdeen company Altra Energy said yesterday it was positioned for significant growth and was aiming to create about 200 jobs over the next three years.
David Cameron pledged yesterday to deliver "stability" to the offshore industry if he is elected prime minister next month.
This will be a critical year for the UK sector of the North Sea (UKCS). Output is currently declining at worrying rates. The latest statistics from the Department of Energy and Climate Change (DECC) show UKCS oil production falling at an annual rate of minus 5% and gas production at a massive minus 16%.
GLOBAL valve specialist Severn Glocon Group has announced the launch of Severn Ball Valves at Badentoy Park, Portlethen, near Aberdeen, to provide the oil and gas industry with isolation valves.
Britain's oil and gas industry has the potential to continue supporting 450,000 UK jobs to at least the end of this decade, an industry leader forecast yesterday.
Safety is a top priority for the oil&gas industry and, thankfully, accidents are rare. When they do happen, the sector has a particular way of deciding who should bear the costs.
In just a few days, on February 8, nominations close for the first ever UK Oil & Gas Industry Safety Awards.
THE Association for Project Management (APM) is hosting its annual conference in Aberdeen on February 16.
SCOTTISH group Senergy has come up with what is claims is a "pioneering new tool that will revolutionise the oil&gas industry's approach to well inflow performance".
In announcing changes to the tax rates and personal allowances for high earners in the UK's 2009 Budget, the Chancellor said that the measures were "necessary to build our recovery and secure our country's economic future".
NEIL Bruce, one of the north-east of Scotland's most influential businessmen, has been made an honorary professor at Aberdeen Business School - The Robert Gordon University.
Oil and Gas UK and Step Change in Safety are calling for entries to the UK oil and gas industry's first safety awards.
THE North Sea oil and gas industry needs to highlight its successes at every opportunity to help to attract top talent, a business gathering was told last night.
The turbulence in the financial markets has led to consumers of capital across privately owned, publicly listed and institutional sectors facing a series of challenges relating to their capital financing requirements.
The managing director of Aberdeen-based Subocean Group was honoured last night for an outstanding contribution to the renewable-energy industry.
The search is on to find the individuals and organisations leading the pack in the fastest-growing sector of the global offshore oil and gas industry.
ABERDEEN firm Containental Offshore has secured a series of container contracts with oil and gas operators across the globe worth a combined total of more than £500,000.
One of the bosses of the flagship safety initiative for the UK oil and gas industry said yesterday there was still some way to go before matching the world's best performing countries.
The sixth annual North Sea Decommissioning Conference closed in Aberdeen yesterday after two well-attended days.
US OILFIELD service group Baker Hughes posted third-quarter results yesterday and said activities in the UK North Sea were among operations seeing the sharpest decline in revenue.
THREE E&P (exploration and production) learning companies, IHRDC, Nautilus and NExT, have forged the Plato Alliance, which is designed to deliver an "unprecedented" learning opportunity for professionals in the industry. Launched in Houston, the Plato Alliance is designed to offer the talents of the most experienced learning providers in the business worldwide.
Many people in the upstream oil&gas industry will know that better integration between disciplines such as petroleum engineering, geology, geophysics and geomechanics is required to achieve maximum value from reservoirs.
A skills and training alliance is aiming to significantly increase international energy-industry business for Scottish universities, colleges and training providers.
Aberdeen firm Offshore Container Holdings (OCHL) has announced the appointment of a new commercial director.