Oil & Gas UK's economics director Mike Tholen said it was important the industry continue to boost confidence and encouragement investment in the North Sea following Chancellor George Osborne’s Autumn Statement and Spending Review.
Leading figures from the industry and the Oil and Gas Authority (OGA), will join Oil & Gas UK at its forthcoming Breakfast Briefing, on the progress in UK Continental Shelf (UKCS) exploration and production on December 8.
Oil & Gas UK’s Business Sentiment Index posted its fifth straight negative recording amid heightened market pressures.
Renowned broadcaster James Naughtie will host the 2015 Oil & Gas UK Awards next week, the industry body has confirmed.
Industry trade body Oil and Gas UK has published the second issue of its guidelines on the qualification of materials for the abandonment of wells.
Oil & Gas UK chief executive Deirdre Michie said the industry has turned its first corner in the market downturn and called on the emerging innovators to continue to persevere.
Last month, Oil & Gas UK held its Annual Conference – with the aim of bringing the industry together, to recognise the challenges that face us and to focus on the way ahead.
A £20million programme of seismic surveys in the UK continental shelf will get under way within weeks, the energy industry’s regulator said today in Aberdeen. The programme − announced in the last Budget − is aimed at stoking North Sea drilling, which is currently at an all-time low. Gunther Newcombe, director of exploration and production at the Oil and Gas Authority, said the surveys would cover an expanse of 15,000 to 20,000 kilometres with data slated for release in the second quarter of 2016.
Oil and Gas Authority (OGA) chief executive Andy Samuel will deliver the keynote speech at today’s Oil and Gas UK (OGUK) conference. The industry leader, who was tasked with carving out the new regulatory body’s role in the sector, will discuss why the industry must simplify its current landscape and ‘ruthlessly prioritise and focus on the things that really matter – value and urgency’.
Oil and Gas UK's outgoing chief executive, Malcolm Webb, highlighted an "urgent need for regulatory and fiscal reform and improvements in cost efficiency" at a meeting with Shadow Chancellor Ed Balls today. Mr Webb, who hands over the helm of the industry body to Deirdre Michie on May 1, said: "The UK oil and gas industry is suffering from high costs, years of under-resourced regulation and a tax burden of between 60% and 80%, with the impact on competitiveness exacerbated by the collapse in oil prices.