North Sea to spend £20bn on decom, with 2,000 wells to be plugged over next decade
More than 2,000 North Sea wells are poised to be decommissioned over the next decade, an average of just shy of four a week.
Offshore Energies UK (OEUK)
Over 8bn barrels of oil and gas reserves located within 30 miles of North Sea assets, OEUK report finds
Billions of barrels of oil and gas reserves, located near to existing North Sea infrastructure, could hold the key to enhancing UK energy security.
With the Autumn Budget due, a North Sea windfall tax expansion looms
There was once a time when grandiose economic statements were something of a collector’s item.
Industry outrage as government mulls North Sea windfall tax increase to 35%
The UK Government is mulling an increase to the North Sea windfall tax to 35%, Energy Voice understands, in a move which executives said threatens billions of pounds of investment.
‘It’s not about chasing the work, it’s keeping up with it’ says new OEUK decommissioning manager
There is so much work to be done over the next 10 years in decommissioning that executing it could be a bigger concern than the supply chain having to chase it.
Failure on D&I could cut oil firms’ funding, warns North Sea’s top producer
Failing to meet diversity and inclusion (D&I) targets could see oil firms’ access to funding being cut, the North Sea’s largest producer has warned.
What comes first, the carrot or the stick?
The Huddersfield born Labour prime minister Harold Wilson famously coined the phrase “A week is a long time in politics”. Recent events in Westminster certainly bear that out.
‘The OIL Machine’: Film on North Sea industry to hit cinemas ahead of COP27
A film spotlighting the “economic, historical and emotional entanglement” of the North Sea oil and gas industry will hit UK cinemas today (Nov 4) – days before COP27.
Tax uncertainty ‘driving investment out of the UK’ OEUK warns Hunt
Trade body Offshore Energies UK has written to Chancellor Jeremy Hunt requesting an “urgent meeting” as it warns revisions to fiscal policy are scaring off UK energy investment.
New-look Share Fair to connect operators with net-zero supply chain
Offshore Energies UK (OEUK) has announced the return of its Share Fair event, aimed at connecting supply chain firms with operators’ North Sea projects.
Sunak reinstates fracking ban in reversal of Liz Truss policy
Rishi Sunak has reinstated a ban on fracking in England, in a reversal of his predecessor Liz Truss’ policy.
OEUK urges Sunak to use UK’s remaining gas and oil
Offshore Energies UK (OEUK) has underlined the need for fiscal and regulatory stability as Rishi Sunak prepares to enter Number 10.
New initiative to support professional development in late life and decommissioning services
A new initiative aimed at supporting the career development of people moving into late life and decommissioning has been launched.
Almost 900 blocks up for grabs as 33rd North Sea oil and gas licensing round launched
The North Sea Transition Authority (NSTA) has fired the starting pistol on the 33rd oil and gas licensing round, the UK’s first since 2019.
Shell CEO has ‘flung open a door on windfall tax’
Shell (LON:SHEL) CEO Ben van Beurden has “flung open a door on windfall tax which the UK Government had been trying to close”.
Industry needs ‘white, middle-class men to step up’, says OEUK D&I lead
For a number of years now, diversity and inclusion (D&I) has been high up on the North Sea oil and gas industry’s agenda.
Offshore Energy industry and its role in security and a low carbon future
A secure supply of energy is something we used to take for granted. Now it’s different.
RAF Lossiemouth jets on alert to protect North Sea gas pipelines amid concerns about sabotage attempts by Russia
Marine surveillance jets based at RAF Lossiemouth will used to help protect offshore oil and gas assets amid concerns about sabotage attempts by Russia.
North Sea climate checkpoint slammed as ‘wave-through test’
A north-east legal academic has branded the government’s climate checkpoint for new oil and gas licences as a “wave-through test” and a missed opportunity for the UK to show climate leadership.
New play opener needed to maximise West of Shetland opportunity
Appetite exists for new oil and gas exploration west of Shetland but vital infrastructure will be needed to make good on the region’s potential resources, according to Offshore Energies UK (OEUK).
Industry marshals ‘proportionate, pragmatic and prepared’ response to security concerns
The UK’s offshore energy sector said it is reviewing controls in response to heightened security worries across the North Sea, but stressed it had no immediate concerns.
OEUK engaging on security after overseas pipeline sabotage and drone sightings
Offshore Energies UK (OEUK) is in engaging on security with government bodies amid heightening political tensions in Europe.
Oil majors and services giants in running for OEUK Awards 2022
Some of the North Sea’s biggest players have been included on the shortlist for this year’s prestigious Offshore Energies UK (OEUK) Awards.
Details of oil and gas climate checkpoint – that could herald North Sea ‘resurgence’ – imminent
A new dawn for North Sea could be imminent with long-awaited details about the UK’s climate compatibility checkpoint expected shortly.
UK winning majority of onshore decommissioning work, figures reveal
The majority of UK North Sea assets are being dismantled in Britain, new figures have revealed amid concerns of overseas yards winning decommissioning work.