Between COP, Cambo and a host of other increasingly political issues around fossil fuels, EV puts it to Oil and Gas UK (OGUK) chief executive Deirdre Michie that the trade body’s rhetoric to defend the sector has ramped up in recent months.
The UK’s offshore oil and gas industry could come to an end within a decade on the current reserves/production trajectory, according to data recently published by regulator, the Oil and gas Authority.
The Oil and Gas Authority (OGA) has opened an investigation and is threatening sanctions over a commercial dispute which saw North Sea firms failing to collaborate.
The boss of the UK North Sea’s biggest producer is confident national net-zero targets can be factored into the sector’s operations without large volumes of indigenous oil and gas being left stranded.
The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
UK energy service companies have to be able to “walk and chew gum” if the industry’s Vision 2035 scenario is to be achieved, a boss at the Oil and Gas Authority (OGA) says.
Sir Ian Wood has warned that the industry will “need to do something dramatic” if it hopes to recover the 20billion barrels of oil remaining in the North Sea.
By Uisdean Vass, head of oil and gas and partner, Ledingham Chalmers
The regulatory framework represents a huge shift for oil companies — and the industry as a whole — in terms of the way it works, as well as its mindset.
The Maximising Economic Strategy (MER UK) was launched to leverage every last drop of North Sea oil, encouraging firms – even rivals – to work together towards success for the basin. Watch the video to see which firms have heeded the call and how they are delivering the initiative.
If the ill-informed hysteria surrounding the safety of fracking is anything to go by, I can imagine the headline above being used to describe a highly promising microbial enhanced oil recovery (MEOR) technique.
The Oil and Gas Authority’s (OGA) technology guru has said that sharing the risk on large well campaigns will help put an end to the industry's race-to-be-second mentality.