NSTA opens investigation into North Sea well decommissioning delays
Oil and gas operators will risk facing fines if they continue to miss well decommissioning deadlines, the North Sea Transition Authority (NSTA) has warned.
UK continental shelf
Navigating Scotland’s energy transition: The imperative of sustaining oil and gas investments
Policymakers must recognise the critical role of sustained oil and gas investments in Scotland's energy transition, writes Dr Yakubu Abdul-Salam.
Decommissioning in the North Sea: Challenge vs Opportunity
The most recent Decommissioning Cost and Performance Report published by the North Sea Transition Authority (“NSTA”) on 9 August 2023 showed that the total cost estimate for decommissioning remaining oil and gas infrastructure on the UK Continental Shelf ("UKCS") is over £40 billion.
Updated: Orcadian raises £500k to progress North Sea Pilot field
North Sea operator Orcadian Energy (LON: ORCA) has successfully raised £500,000 by means of a share placing on the London Stock Exchange.
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.
Production efficiency on UKCS hit Holy Grail of 80% for 2019
Oil and gas bosses have praised the industry’s “continuing efforts” after production efficiency on the UK Continental Shelf hit the Holy Grail of 80% last year.
Kemp urges new policies as report lays bare extent of North Sea’s oil price sensitivity
A prominent petroleum economist is urging government to introduce policies paving the way for the delivery of more UK North Sea oil.