Douglas Westwood analyst predicts offshore spending drop, casts doubt on OGA drilling forecast
Spending on offshore oil and gas will drop in Western Europe over the next few years despite forecasts of more stable crude prices, new research shows.
Oil and Gas Authority
MER UK: OGA to tackle industry’s “second is first” mentality
The Oil and Gas Authority’s (OGA) technology guru has said that sharing the risk on large well campaigns will help put an end to the industry's race-to-be-second mentality.
MER UK: Industry chief laments lack of recognition for North Sea business
A North Sea industry chief has suggested the sector has an image problem it needs to overcome.
MER UK: North Sea area plans present biggest challenge to OGA
The chief of the Oil and Gas Authority (OGA) said yesterday that area planning was probably the most difficult aspect of the regulator’s work.
MER UK: Where better to invest – Norway or the UK?
Where is it better to invest in offshore oil and gas – Norway or the UK?
MER UK: OGA vows to match Norway on production data
The Oil and Gas Authority (OGA) yesterday vowed to up its game to match Norway’s gathering and provision of production data.
MER UK: OGA decom boss outlines vision for sector
The head of decommissioning at the Oil and Gas Authority (OGA) has outlined his vision of what success for the segment would look like.
MER UK: OGA touts idea of federal data board
The Oil and Gas Authority (OGA) has touted the possibility of a federal board being created for sharing exploration data.
MER UK: OGA in £200bn shared vision for supply chain
The Oil and Gas Authority (OGA) yesterday published its strategy to help the UK supply chain boost its turnover by more than £200billion over the next 20 years.
MER UK: OGA reveals exploration rejuvenation strategy
Exploration is the lifeblood of the oil and gas industry. In order to maximise the economic recovery of the UKCS’ oil and gas resources, exploration and appraisal (E&A) activity must be revitalised in both mature and frontier plays.
MER UK: OGA strategy paper says North Sea assets will be “benchmarked”
The Wood Maximising Recovery review proposed that an Asset Stewardship Strategy should “ensure that operators are held to account for the proper stewardship of their assets and infrastructure.”
Three billion barrels in 350 unsanctioned discoveries remain in UKCS, according to OGA
More than three billion barrels of oil equivalent located in 350 unsanctioned discoveries remain in the UKCS, according to new data released by the Oil and Gas Authority (OGA).
Regulatory setup for UK decommissioning not too complex, OGA chief says
The Oil and Gas Authority’s boss believes the involvement of more than one authority in UK offshore decommissioning will not frustrate North Sea companies.
OGA officially an independent government company today
The Oil and Gas Authority (OGA) was officially made an independent government company by the UK government today.
OGA decommissioning chief urges early engagement with regulators
Oil and gas companies need to engage earlier with regulators and learn from past projects for the North Sea decommissioning sector to realise its potential, according to an industry chief.
Tech Tuesday: OGA unfurls strategy to achieve MER UK
Over the past 50 years, the UK continental shelf (UKCS) has grown to become one of the world’s most diverse and technologically advanced basins with a successful track record of developing and deploying new technologies. Despite a fluctuating oil price, investment in technology presents significant opportunities to improve Opex and Capex efficiencies, reserve recovery and create value through supply chain exports.
Exclusive: OGA awards £200k for exploration boosting projects
The Oil and Gas Authority (OGA) has awarded a total of more than £200,000 to a trio of geoscience companies for projects aimed at boosting offshore exploration.
Owner of north-east geoscience start-up rises to North Sea exploration challenge
North Sea oil and gas companies who need help turning projects around quickly would be well advised to look up Kinga Wroblewska.
OGA boss welcomes energy secretary pledge on full powers
The boss of the Oil and gas Authority (OGA) yesterday welcomed a commitment by the new energy secretary to hand the watchdog its full executive powers within weeks. Under proposals set out in Sir Ian Wood’s review of the sector, the UK government set out that the OGA would become an autonomous government company this year following the passing of the necessary legislation. Andy Samuel, OGA chief executive, said the transition from executive agency to a government company in October “formalises our position as a strong and effective authority with a full suite of regulatory powers”.
OGA awards contracts worth £6m for new studies
The Oil and Gas Authority (OGA) has handed out four contracts worth more than £6million in total for studies intended to aid exploration, production and decommissioning on the UK continental shelf (UKCS). Technical services organisation Lloyd’s Register, which secured two of the four deals, will supply the regulator with exploration maps and field support engineering. British Geological Survey will provide geoscience project services and data to help uncover and measure the scale of new resources.
OGA launches 29th offshore licensing round with “frontier areas” on offer
The UK’s oil and gas industry regulator today launched the 29th offshore licensing round with blocks in a number of “under-explored, frontier areas” up for grabs. In total, 1,261 blocks have been made available during the round, which will be open to applications until 2pm on October 26. The competition will give the Oil and Gas Authority (OGA) a clearer picture of the merits of a seismic survey programme carried out last year using £20million of UK Government funds.
OGA awards £20m seismic for UK North Sea
Industry regulator the Oil and Gas Authority (OGA) has awarded contracts for a second UK Government-funded £20million seismic campaign aimed at boosting North Sea exploration.
Ministers to meet oil industry leaders in Aberdeen
Scottish ministers will travel to Aberdeen tomorrow to meet with key oil and gas figures to hear how the industry is coping to the oil price crash.
Decom Offshore 2016: If Leicester City can win the league, we can get decom right says OGA
The man leading the Oil and Gas Authority's decommissioning strategy told industry leaders that if Leicester City can win the English Premiership, then the oil and gas sector can collaborate to hit the back of the net with decom.
OGUK seeking subsea data experts
Trade body Oil & Gas UK (OGUK) us seeking data experts to help the industry make sense of one of the world’s largest collections of subsurface oil information.