Project bags licence to store CO2 in vast gas reservoirs

Perenco has secured a licence for Poseidon CCS at Leman gas fields to store carbon dioxide in depleted reservoirs

Centrica extends gas field lifespan, eyes investment in new nuclear

The owner of British Gas has announced it will extend Spirit Energy’s Morecambe Bay gas fields’ lifespan, securing production until the end of the decade

Eleph-antastic storage potential discovered under North Sea: UK Energy Secretary

Grant Shapps has announced a potential carbon storage capacity of 78 billion tonnes in the UK Continental Shelf, equivalent to the weight of 15 billion elephants or 234 million Boeing 747s

Oil and gas contractors strike: crisis looms as talks collapse

Around 200 workers will take action across more than 20 oil and gas platforms

UK has no plans on energy rationing, says Energy Minister

Greg Hands has said the UK should not increase LNG imports because it is expensive and more polluting

UKCS Oil and Gas mergers top $8bn this year

Merger and acquisition activity on the UK Continental Shelf (UKCS) has passed the $8 billion (£6bn) mark this year as confidence returns to the sector. That’s the suggestion from Oil & Gas UK, which says the recent increase in market activity in the basin is likely to help attract new investment in the next few […]

Statoil makes ‘significant’ oil find on the UKCS

A partnership led by Statoil has made a new oil discovery on the UK Continental Shelf (UKCS). The energy giant made the find in the Verbier sidetrack well in the outer Moray Firth, with a minimum of 25 million recoverable barrels of oil and an estimated maximum stretching up to 130 million barrels. The partnership, […]

Oil and gas industry confidence rises from historic lows

Confidence in the oil and gas industry has risen from the historic lows surveyed six months ago. That’s according to the findings of the Aberdeen & Grampian Chamber of Commerce’s 26th Oil and Gas survey, which reveals 38% of the sector’s contractors are now more confident about business on the UK Continental Shelf (UKCS), compared to […]

New task force to boost efficiency in the North Sea

A new task force to boost efficiency in the North Sea has been launched. The Efficiency Task Force (ETF) aims to make the oil and gas sector more competitive and increase economy recovery at the UK Continental Shelf. Oil & Gas UK is leading the task force which will focus on delivering “behavioural change” to compete with […]

Offshore oil and gas exploration licences awarded

The Oil and Gas Authority (OGA) has announced the remaining winners for exploration on the UK Continental Shelf. The regulator awarded 41 new licences as part of the 28th Offshore Licensing Round. This is in addition to the 134 winners announced in November last year. It was launched in January 2014 and a total of 173 applications were received. More than […]