Upstream oil and gas emissions shot up 7% in 2017

Oil & Gas UK says this makes up around 3% of the country’s entire greenhouse gas emissions

First oil produced from North Sea development

The Garten field is producing more than 16,000 barrels of oil equivalent per day

Equinor buys 40% stake in giant undeveloped oil and gas field

It is estimated to hold 300m barrels of potential recoverable volumes of oil and gas

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 […]

More than 200 North Sea rigs to close by 2025

More than 200 oil and gas platforms and close to 2,500 wells across the North Sea are scheduled to be decommissioned by 2025. That’s according to new information published by Oil & Gas UK and Decom North Sea. The groups say this will take place on 349 fields across the region, including six on the […]

New UK oil exploration maps released

New government-funded oil and gas exploration data has been made available for viewing. The Oil and Gas Authority (OGA) released the results of the £20 million seismic programme to promote exploration activity in underexplored areas of the UK Continental Shelf (UKCS). The information published contains nearly 19,000km of new mapping, new gravity and magnetic surveys, […]

UK’s petroleum ‘could last 20 more years’

The UK’s remaining petroleum reserves could last for at least 20 more years. That’s according to a new report from the Oil and Gas Authority (OGA), which suggests they could last even longer if additional undeveloped resources, ranging between 10 to 20 billion barrels of oil equivalent (boe), can be matured. To date, a total […]

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, […]

UK offers £5m for North Sea oil and gas exploration

UK Chancellor Philip Hammond has announced a £5 million fund to support new oil and gas exploration in the North Sea. The funding will be used by the Oil and Gas Authority (OGA) to survey underexplored areas of the UK Continental Shelf (UKCS). The government believes its work with industry on new subsea technologies could […]

CMA accepts remedy proposals for Wood Group-Amec Foster merger

The competition watchdog has accepted proposals to resolve concerns about Wood Group’s purchase of Amec Foster Wheeler. The news comes after the Competition and Markets Authority (CMA) last month warned the proposed £2.2 billion takeover of the oil services firm by its larger rival raises concerns in the supply of engineering and construction services and […]