Dana Petroleum delays Platypus project due to Covid-19
Dana Petroleum has delayed the sanction of a new North Sea project due to the ongoing Covid-19 crisis.
Oil and Gas Authority (OGA)
Energy transition can be ‘crucial pathway out of the downturn’ says OGA chief
New investment in the energy transition can be a “crucial pathway” out of the latest downturn for North Sea firms, according to the head of the Oil and Gas Authority (OGA).
‘Uncharted waters’ for North Sea, but downturn could be ‘catalyst for change’
A senior audit and assurance partner at Deloitte said the downturn could be a “catalyst” for change, but oil firms are first taking steps to survive the “uncharted waters”.
Siccar Point delays approval for flagship Cambo field in West of Shetland
Siccar Point Energy has announced it will defer approval of its highly-anticipated Cambo development until the second half of next year due to the coronavirus outbreak.
OGA puts ‘temporary pause’ on offshore licensing rounds
The Oil and Gas Authority (OGA) has confirmed there will be no new offshore licensing round in 2020 after implementing a “temporary pause”.
North Sea oil firms face demanding near-term carbon target
A group of UK North Sea oil and natural gas producers face an ambitious government-mandated target to cut their emissions as soon as 2025 as the nation seeks to make more real its ambition for net-zero fossil fuel pollution by the middle of the century.
North Sea sector making ‘eye-opening’ progress in hydrogen development
The North Sea energy sector is making “eye-opening” progress in the development of hydrogen power, according to top industry bosses in Aberdeen.
New £1.4m industry funded study to produce roadmap for carbon storage
A new study will identify the UK’s best sites and produce a roadmap for carbon storage to help the country reach its net zero targets.
OGA chairman sets November targets for North Sea on climate emergency
The chairman of the Oil and Gas Authority (OGA) has set out four targets for the North Sea industry to meet before a major climate conference comes to Scotland in November.
Updated: Lack of action will see ‘increased’ North Sea protests, Greenpeace boss warns
A Greenpeace climate boss has warned that "increased" North Sea protest action will take place if strong measures on tackling emissions aren’t executed by oil and gas firms.
OGA data expert to speak at EV digital technology event
A key figure driving the Oil and Gas Authority’s (OGA’s) digital strategy will take part in Energy Voice’s digital technology event in Aberdeen later this month.
Climate emergency ‘even more pressing challenge’ for North Sea than 2014 oil downturn
The climate emergency is an “even more pressing challenge” for the industry than the 2014 downturn according to the Oil and Gas Authority’s (OGA) chief executive.
OGA not yet exercised £1million sanctioning powers despite ‘internal debates’
Chief executive Andy Samuel has confirmed the Oil and Gas Authority has not yet needed to exercise its sanctioning powers despite ‘internal debates” on whether the regulator is being stringent enough.
Backwards step on collaboration should be ‘wake up call’, says OGA chief
A dip in collaboration and some cases of a lack of trust between oil firms should be a “wake up call” to the industry, according to the head of the Oil and Gas Authority (OGA).
OGA’s digital strategy targets slice of $510bn global data prize
The Oil and Gas Authority (OGA) has set out its strategy to digitalise the North Sea with the aim of taking a slice of a $510bn global data prize.
OGA defends further North Sea production amid ‘considerable interest’ in 32nd licensing round
The Oil and Gas Authority (OGA) has defended the need for more North Sea production amid “considerable interest” in its 32nd offshore licensing round.
CLNR on the hunt for further central and southern North Sea licences
Cluff Natural Resources (CLNR) said today that it had submitted "multiple" applications for licences in the central and southern North Sea in the 32nd bidding round.
Talon Petroleum aims to grasp more North Sea licences
Australia’s Talon Petroleum has announced plans to boost its acreage in the UK North Sea.
New law ‘making an impact’ on North Sea business
A leading petroleum economist has said there are “positive signs” that a new law is making an impact on North Sea deals, a year on since it came into effect.
Decommissioning is ‘all in the timing’
A couple of years ago, outgoing US energy secretary Rick Perry was mocked for a verbal gaffe.
North Sea project consents lagging behind OGA estimates
The number of North Sea projects approved so far this year is well below Oil and Gas Authority predictions, according to a leading analyst firm.
North Sea must reduce 30-year wait for discoveries to be produced – OGA
North Sea operators must reduce the almost 30-year window it takes to bring new discoveries to development, according to a new report.
Chrysaor and co gear up for wells conference
The 2018 Wells Insight Report, published by the Oil and Gas Authority, stressed the large potential available from intervening in the UK Continental Shelf well stock.
Carbon capture goals ‘remarkably achievable’ says OGA boss
The chief executive of the Oil and Gas Authority (OGA) has claimed the UK’s goals for a crucial new climate change technology are “remarkably achievable”.
Tech innovation has driven North Sea in 50 years since West Sole
In the 50 years since the first gas discovery in the West Sole field, technological innovation has driven exploration and production in the UK North Sea.