UK North Sea oil field projects commanding capital spending of almost £2 billion have already been sanctioned this year, representing a big increase on 2017 levels, the Oil and Gas Authority (OGA) has said.
Steps have been taken in Westminster to make sure one of the key planks of the Wood Review is put in place, the Oil and Gas Authority (OGA) said.
Offshore regulator the Oil and Gas Authority (OGA) has said the industry is showing an “insatiable appetite for transparent data” following the latest licensing round.
Over the past few years, the oil and gas sector has been faced with the severe challenges of a prolonged industry downturn. This has had a profound impact on our sector, changing the way both asset operators and the supply chain approach new project developments, especially in key areas such as the North Sea.
Several oil explorers, including Aberdeen’s Faroe Petroleum, have said they are targeting “multiple new discoveries” following the latest North Sea licensing round.
The head of decommissioning at the Oil and Gas Authority has said operators remain “very uncertain” over their costs for shutting down North Sea assets.
North Sea production efficiency had risen for the fifth consecutive year, hitting 74% in 2017, the Oil and Gas Authority (OGA) said.
Cluff Natural Resources (CLNR) has announced plans to raise £750,000 through share placing ahead of the next North Sea licensing round.
The Oil and Gas Authority (OGA) in January started the roll-out of new measures to ensure operators better engage the supply chain in future projects.
The amount of money being spent by North Sea operators on research for new technologies has dropped by 36% since the oil price crash.
The Oil and Gas Authority (OGA) is to move ahead with plans for a UK-first database which is “vital” for maximising North Sea recovery.
A specialist in oil and gas law has warned that a lack of clarity over a strategy to maximise oil recovery from the North Sea could cause issues when it comes to decommissioning.
The chairman of the UK's energy regulator has urged the sector to "keep drilling and keep working together" as he stands down from the role.
It’s exactly three years since I joined the OGA, and alongside the chief executive and team members, we worked with our colleagues in DECC (now part of BEIS) to decide how, against the backdrop of the colossal challenges staring the industry in the face, we could build the Oil and Gas Authority to support industry and make a meaningful difference.
The regulator for North Sea industry said it expects more "high value projects" to be sanctioned this year, prolonging production for years to come.
The Oil and Gas Authority (OGA) has confirmed it has formalised a relationship with operators on supply chain matters for 2018.
The Oil and Gas Authority (OGA) has revealed that North Sea producers cut their operating costs (opex) by about 14% last year.
A decommissioning expert at the Oil and Gas Authority (OGA) said today that efforts to lower North Sea dismantling costs risked a clash with competition watchdogs.
The Oil and Gas Authority (OGA) and the Industry Technology Facilitator (ITF) believe collaboration between the UK and Norway will see North Sea operators hack their way to solving common challenges.
Petroleum Pioneers: Future of North Sea Oil & Gas is a must-attend event for anyone looking to understand the strategic outlook for the UKCS in the coming years.
North Sea regulator the Oil and Gas Authority (OGA) has launched its "new and improved" 2017 Stewardship Survey.
The Oil and Gas Authority (OGA) has approved Angus Energy's North Sea plans.
The lessons learned by a group of oil majors in their quest to improve North Sea production have been published today.
The Oil and Gas Authority (OGA) said yesterday that it had appointed a new head of decommissioning.
The Oil and Gas Authority (OGA) said today that it had appointed a new head of decommissioning.