MP calls out North Sea firms over ‘delayed payments’ to contractors
A north-east MP has penned a concerned letter to the Oil and Gas Authority (OGA) claiming small and medium oil contractors are being "undermined" through delayed payments.
OGA
Shell receives £113m UK tax refund in 2018
Oil giant Shell received a £113 million tax refund from the UK Government in 2018.
Former energy minister appointed OGA chairman
A former UK Energy minister has been appointed as the new chairman of the North Sea industry regulator.
North Sea leaders ‘lacking confidence’ to plan long-term, says OGA
Industry leaders are “often lacking” confidence to look beyond the current cycle in the North Sea, the regulator has warned.
Ineos investment a show of faith in North Sea’s future
Ineos’ investment in the Forties Pipeline System (FPS) was hailed as a show of faith in the North Sea’s future by industry leaders.
OGA’s Data Repository being piloted ahead of public launch
A new scheme to rekindle activity in the North Sea is being phased in to the industry today.
OGA ‘concerned’ about industry’s lack of diversity
The Oil and Gas Authority has highlighted concerns about a lack of diversity within the North Sea energy sector.
More clarity on the way for North Sea decom costs, says OGA
More clarity is expected on North Sea decommissioning costs by the end of the month, according to the chief executive of the Oil and Gas Authority (OGA).
OGA must be ready to apply ‘use it or lose it’ powers
The reduced oil price over the last 2 months (down 20%) is worrying, and it looks like the price could be between $55 and $65 this year.
Industry must improve drilling costs in 2019, says OGA chief
2018 has been a busy and encouraging year with many positive developments; the OGA continues to have a high focus on asset stewardship and clear expectations of industry. Today the UKCS produces over 1.6 million barrels a day, production efficiency has increased for a fifth consecutive year and efficiency efforts are being sustained.
Scots energy minister touts possibility of exploration incentives
Scottish and UK ministers could join forces to create incentives for stimulating North Sea exploration.
Updated: Chevron gets the nod for ground-breaking North Sea project
Oil giant Chevron will forge ahead with a pioneering scheme on a North Sea field it is attempting to offload.
OGA issues first CO2 license to St Fergus project
The Oil and Gas Authority (OGA) has handed it out its first license allowing offshore exploration for the purposes of a pioneering clean energy scheme.
OGA will take ‘dim view’ if drilling remains subdued, chief says
The North Sea oil and gas industry in 2018 gave investors a clear sign of the “massive value” it can still deliver.
All’s well that ends well as long as the exit’s efficient
More than 7,800 wells were drilled on the UK continental shelf over the 50 years through to the end of 2017.
Number of abandoned wells overtakes fresh drilling, says OGA report
A new report from the Oil and Gas Authority (OGA) has highlighted that the number of plugged and abandoned wells in the North Sea has overtaken fresh drilling as exploration continues to drop.
Hibiscus completes £28.5m North Sea deal, awaits transfer of operatorship
Malaysian oil firm Hibiscus Petroleum has completed the acquisition of stakes in two UK North Sea discoveries for £28.5 million.
Updated: Project approvals show North Sea landscape ‘improving’
New North Sea projects targeting almost 50 million barrels of oil equivalent (boe) have been approved by the Oil and Gas Authority (OGA).
Project approvals give North Sea burst of ‘old and new’ money
The Oil and Gas Authority’s approval of two North Sea projects has given the basin an injection of “old and new” money, an analyst has said.
Zennor cleared to develop Finlaggan field
Zennor Petroleum will go ahead with the Finlaggan field development after the UK oil regulator approved its plans.
OGA gives BP thumbs up for west of Shetland oil project
The Oil and Gas Authority (OGA) has given BP permission to go after 20 million barrels of oil at a field west of Shetland.
Inaugural energy export conference to present ‘£100bn of project opportunities’
A new energy export conference is to be hosted in Aberdeen next year to present £100billion worth of project opportunities for UK companies.
OGA push to recover 300million barrels from under-developed North Sea region
The Oil and Gas Authority (OGA) has announced it will open a new licensing round, targeting up to 300million barrels of oil in an under-developed area of the North Sea.
OGA presents bold vision for Sullom Voe Terminal
The UK’s oil sector regulator has presented a bold vision of what the future might hold for a major terminal in Shetland.
OGA’s ‘use it or lose it’ warning to stagnant North Sea operators
A ‘use it or lose it’ warning has been issued as it emerged a number of top operators don’t have North Sea drilling plans.