UK/UKCS
News
April 14, 2022
The North Sea Transition Authority has reminded licensees of the obligation to collaborate effectively and ensure transactions are completed promptly, to support investment in the UK Continental Shelf.
News
April 07, 2022
Energy companies and organizations are reacting positively to the UK Government’s Energy Security Strategy, which was published considering rising global energy prices provoked by surging demand after the pandemic and Russia’s invasion of Ukraine.
News
April 07, 2022
Shell Plc said its withdrawal from Russia will result in $4 billion to $5 billion of impairments, while also warning investors that extreme energy price volatility in the first quarter could hit cash flow.
News
April 05, 2022
The floating offshore hydrogen production plant developed by J-DeEP combines a seawater desalination system and a system to extract hydrogen from water through electrolysis.
News
April 05, 2022
Business Secretary Kwasi Kwarteng commissioned a geological report into the science of shale gas fracing, as the U.K. government tries to boost energy self-sufficiency in the wake of the Ukraine war.
News
March 30, 2022
Cnooc Ltd. is considering a sale of its U.K. North Sea portfolio, in what could be one of the biggest disposals in the aging basin by a foreign firm in recent years, people familiar with the matter said.
News
March 30, 2022
A controversial U.K. oil project won a license extension, keeping open the possibility of development even after Shell Plc retreated amid a backlash from climate protesters.
News
March 29, 2022
The UK will have to import almost all its gas and most of its oil from overseas suppliers unless billions of pounds are invested in new North Sea exploration and production facilities, a report from Offshore Energies UK has warned.
News
March 29, 2022
Offshore Energies UK published its first Business Outlook report since evolving into the leading trade body for organizations representing offshore oil, gas, carbon capture and storage, hydrogen and wind.
Article
March 2022
As many in the upstream industry anticipated, military action in Ukraine has sent oil and gas prices to their highest levels since 2008, with crude peaking at well above $100/bbl, with no end in sight.
News
March 24, 2022
Offshore Energies UK, the leading trade body for the UK’s integrating offshore energy industry has responded to Chancellor Rishi Sunak’s Spring Statement, and forecasts by the Office for Fiscal Responsibility.
News
March 22, 2022
At venues in both Aberdeen and London, Offshore Energies UK will publish its first Business Outlook report since evolving into the leading trade body for organizations with an interest in offshore oil, gas, carbon capture and storage, hydrogen and wind.
News
March 22, 2022
The Oil and Gas Authority changed its name to the North Sea Transition Authority (NSTA) to reflect its evolving role in the energy transition.
News
March 18, 2022
The UK's offshore energy industry has welcomed a speech by Boris Johnson warning that it would be “crazy” to shut down North Sea oil and gas production in the face of global shortages and price spikes.
News
March 14, 2022
A new gas field found under the North Sea off East Anglia has this week produced its ‘first gas’ – and more such developments are on the way, according to IOG.
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The Opportunity for UK Manufacturing in the Energy Transition
March 14, 2022
BakerHughes
News
February 28, 2022
The ESA is a collective bargaining agreement that sees the signatory companies commit to creating a safe, productive, and engaged workforce across their areas of operation.
News
February 27, 2022
BP Plc moved to dump its shares in oil giant Rosneft PJSC, taking a financial hit of as much as $25 billion by joining the campaign to isolate Russia’s economy.
Article
February 2022
Every region will post an increase, led by the Middle East, the Americas, Africa and the FSU. Offshore activity will grow at about the same pace as onshore drilling.
News
February 15, 2022
The upstream sector is forecasted to dominate the upcoming projects count in the UK during the next four years, accounting for more than 70% of the total projects starts.
News
February 15, 2022
Proserv Controls has secured a contract from DEME Offshore for the provision of the inter-array cable monitoring system for the first two phases of the Dogger Bank Wind Farm, which when complete will be the largest offshore wind farm.
