OGA chief hopes for sector deal ‘towards end of this year’
The head of the Oil and Gas Authority (OGA) hopes a government sector deal for the North Sea will be agreed by the end of the year.
Oil and Gas Authority (OGA)
OGA defends BP-Aberdeen scheme against ‘PR Coup’ accusation
The Oil and Gas Authority (OGA) has defended the BP – Aberdeen net zero partnership against a claim it may be a “PR coup”.
BP counsel says energy transition is ‘enormous opportunity for lawyers’
The energy transition is an “enormous opportunity for lawyers”, according to the managing counsel for BP North Sea.
Shetland eyes ‘more of that tax take’ from oil revenues in self-determination bid
The leader of Shetland Islands Council has said the region wants “to retain more of that tax take” from oil and gas revenues in its self-determination bid.
Deltic Energy unveils new North Sea prospect following OGA licensing round
Deltic Energy has announced a new Southern North Sea prospect in its portfolio following the OGA’s 32nd licensing round last month.
‘Lost opportunity’ for decommissioning lessons at more than 40 North Sea fields – OPRED
More than 40 North Sea fields represent a “lost opportunity” for the industry to learn shared decommissioning lessons, according to OPRED.
OGA pitches £100m loan fund for North Sea decommissioning
The Oil and Gas Authority (OGA) has pitched a £100m loan fund to the UK Government to stimulate North Sea decommissioning activity.
Oil and gas sector deal proposal to be submitted to UK Government next month
The formal proposal for an oil and gas sector deal will be submitted to the UK government next month.
Repsol Sinopec calls time on Tartan Alpha after 40 years
Repsol Sinopec Resources UK (RSRUK) has decided to stop production on its Tartan Alpha installation after nearly 40 years, putting some jobs at risk.
Supply chain disruption ‘biggest threat’ for decommissioning cost spike, warn Spirit Energy and Petrofac
Disruption to the North Sea supply chain is the “biggest threat” for a spike in offshore decommissioning costs, according to bosses at Spirit Energy and Petrofac.
North Sea decommissioning forecast cut by £500m for next two years
Forecasts for North Sea decommissioning spending over the next two years have been cut by half a billion pounds by Oil and Gas UK (OGUK).
Decommissioning cost efforts ‘compromised’ by 5% of North Sea operators, says OGA
Efforts to reduce the UK's offshore decommissioning bill last year were "largely negated" by 5% of operators who increased their costs by £1billion, according to the Oil and Gas Authority (OGA).
North Sea ‘cannot afford bad practices’ in supply chain, warns Petrofac boss
A UK boss of Petrofac has warned the North Sea supply chain “cannot afford for bad practices to creep in during this moment of crisis".
UK Government announces plans to quadruple offshore wind power by 2030
The UK Government will conduct a review of current energy infrastructure at sea as it sets its sights on expanding offshore renewables.
UKCS activities can deliver 60% of country’s decarbonisation targets
The UK continental shelf (UKCS) has a “significant role” to play in helping governments achieve their net zero targets in the coming decades, a new report said.
North Sea supply chain issues of mid-90s ‘still largely prevail today’ says industry veteran
Ian Diggory, a 40-year industry veteran and principal consultant for Rosen UK, formerly of Macaw Engineering, discusses supply chain issues relating to the North Sea energy sector.
UK decommissioning spend to fall short of £1.5billion yearly estimate, OGA warns
The Oil and Gas Authority (OGA) has warned UK decommissioning spending will fall short of estimates over the next two years, bringing concerns of a “significant impact” on suppliers.
MP says government ‘can’t continue to dither’ on sector deal as oil leaders meet minister
An Aberdeen MP has said the government “can’t continue to dither” on an oil and gas sector deal as industry leaders meet the UK energy minister later.
Hibiscus safeguards against virus as it plans Marigold North Sea work next year
Hibiscus Petroleum plans to move ahead with its Marigold project in the UK North Sea next year, with safeguards against delays around Covid-19.
‘Poor behaviour’ slammed by OGA as firms demand suppliers cut rates 40% ‘overnight’
The Oil and Gas Authority (OGA) has slammed “poor behaviour” in the North Sea supply chain, with firms facing demands to cut rates as much as 40% “overnight”.
OGA director ‘confident’ of backing for sector deal and underwater hub this year
An industry leader has said he is "confident” of securing government backing for a sector deal and a global underwater "hub" in Aberdeen this year.
OGA highlights need for North Sea gas as pandemic questions sector’s future
The Oil and Gas Authority (OGA) has published new research in a bid to show the continued need for North Sea resources, despite the Covid-19 pandemic.
Research highlights ‘huge concern’ over oil firms’ ability to pay decommissioning bills
New analysis has outlined “huge concerns” for UK taxpayers around whether oil and gas firms will be able to meet their hefty decommissioning costs, with some rising above their company market values.
Scotland ‘fleshing out’ support actions for oil sector following crisis talks
Scotland’s energy minister said work to “flesh out actions” to protect jobs and accelerate the transition to low carbon fuels is underway, following the first of several industry crisis talks.
OGA unveils plans to force operators to meet government’s net zero goals
The UK’s oil regulator has unveiled plans to force North Sea operators to meet the government’s 2050 net zero goals.