UK/UKCS
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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March 14, 2022
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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.
News
February 09, 2022
Several oil and gas field developments awaiting regulatory approval have already been factored into the U.K.’s long-term plans for carbon neutrality.
News
February 07, 2022
The Sparrows Group announces a contract with Serica Energy North Sea for crane operations and maintenance services.
News
January 21, 2022
The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, according to a research note to clients. Spare supply capacity will shrink to 2 million barrels a day from the current 3.4 million.
News
January 17, 2022
Scotland awarded rights for a massive offshore wind development more than twice the size of the UK’s current capacity, in a move that surprised the market for its scale and was welcomed by environmentalists.
News
January 17, 2022
Brent oil traded near the highest intraday level since 2014 as the market tightened and concerns about the impact of omicron eased.
News
January 12, 2022
Equinor ASA will make a $1.8 billion impairment on its Mariner field after slashing reserve estimates for the U.K. North Sea oil deposit.
