UK oil and gas investment at 30 year high

The UK continental shelf (UKCS) is now benefitting from “record investment”, with more than £8 billion announced in the last six months alone. A new report suggests oil and gas investment rose to £11.4 billion last year – believed to be the highest for more than thirty years – and is expected to rise even […]

Rise in UK subsea exports to Norway

Norway’s increase in oil developments could mean a boom for UK subsea businesses in the next 12 months. That’s according to the nation’s industry body, Subsea UK, which found around 80% of its members expected Norwegian subsea exports to rise as a result of an increase in deepwater developments. Neil Gordon, Chief Executive of the […]

Gas will serve Germany after fallout with nuclear

Large reserves of gas from the Norwegian Continental Shelf will be made available to supply Germany in the future. This was according to the Vice President of Statoil who told delegates at e-world energy event in Essen the company would be able to ramp up generation to match Germany’s increased demand. As old capacity and […]