BP contributes £17bn to UK economy, report finds
Supermajor BP (LON:BP) contributed £17.1bn to the UK economy in 2023 according to a new report by Oxford Economics.
UK Oil and Gas
DeepOcean nabs ‘significant’ UK decommissioning contract
Offshore services provider DeepOcean has been awarded a "significant" decommissioning contract from an international operator on the UK continental shelf.
Decom Mission survey reveals frustration rife in decommissioning sector
A survey conducted by decommissioning trade organisation Decom Mission has revealed widespread frustration with regulators among several supply chain concerns.
NSTA report makes suggestions to encourage investment in the UK North Sea
The North Sea Transition Authority (NSTA) recommends focusing on second wellbores, maintenance and licensing rounds to boost UK North Sea investment.
Protestors ‘assaulted’ during UK Oil and Gas AGM
Twenty protestors from Fossil Free London and Money Rebellion forced UK Oil and Gas to cancel its annual shareholder meeting yesterday.
UK Oil and Gas clinches deal to buy 50% stake in Turkish exploration targets
The firm behind the Horse Hill oil development near Gatwick Airport has agreed to take a 50% non-operated interest in a licence in Turkey.
UK oil and gas ‘ready to support’ carbon capture, OGUK say
The UK offshore oil and gas sector is "ready to support" carbon capture and storage (CCUS), the boss of Oil and Gas UK (OGUK) has revealed.
UKOG deem Portland Sandstone discovery ‘commercially viable’
A subsidiary of UK Oil and Gas (UKOG) has deemed the Portland Sandstone discovery in Surrey "commercially viable" following extended well tests.
UKOG completes £6.6m Horse Hill acquisition
UK Oil and Gas (UKOG) has wrapped up a £6.6 million deal for 22% of Horse Hill Developments (HHDL) from Gunsynd, Primorus Investments and Solo Oil.
UKOG find additional oil at Horse Hill-1
Oil and gas consultancy firm Xodus Group confirmed the discovery of additional oil at the Horse Hill-1 Portland site today, operator UK Oil and Gas (UKOG) has confirmed.
UK Oil & Gas in positive estimate of Markwells oil field resources
UK Oil & Gas Investments said a competent persons report (CPR) by Xodus Group of the company’s onshore Markwells Wood oil field has calculated more than 1million barrels of recoverable oil. The company has a 100% interest in the oil field which is located in the UK licence PEDL126 in the west of the Weald Basin. The Markwells Wood oil field is 60km to the southeast of the company’s Horse Hill oil discovery.
UK Oil and Gas to consider new non-fracking drilling tech
UK Oil and Gas (UKOG) is poised to take the onshore market by storm. The firm confirmed in its latest company results that it had the finance and technology partners to leverage its prospects – which includes Horse Hill’s 9.2 billion barrel find.