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 […]

Large UKCS fields ‘could extract extra 900 million barrels of oil’

Hundreds of millions more barrels of oil could be extracted from the UK Continental Shelf (UKCS) from a selected number of large oil fields. That’s according to the Oil & Gas Authority (OGA), which suggests this can be done by increasing the recovery factor (RF), i.e. the overall proportion of oil expected to be extracted […]

New oil, gas guidelines to boost production efficiency

New industry guidelines designed to boost production efficiency on the UK Continental Shelf (UKCS) have been published. They aim to address gas compression losses, which accounted for more than 40 million barrels of oil equivalent (boe) in unplanned production losses in 2015. Between 2004 and 2012, the UKCS also faced “significant challenges” of a sustained […]

Oil and Gas Authority offers 12 new licences

The Oil and Gas Authority has awarded 12 licences to 11 companies in its latest round of offerings. The 2016 Supplementary Offshore Oil and Gas Licensing Round was offered in response to industry requests to explore and drill in areas outside of those available in previous rounds. Locations varied across the UK Continental Shelf (UKCS), from […]

UK oil and gas production efficiency rises to 73%

Production efficiency on the UK Continental Shelf (UKCS) has risen for the fourth consecutive year to 73%. That represents an additional production of 12 million barrels of oil equivalent (boe), according to the Oil and Gas Authority (OGA). Its new report reveals recent years have seen the UKCS reverse the declining trend in both production […]

OGA awards 25 licences for oil and gas exploration

A total of 25 licences have been awarded to enable further oil and gas exploration and production on the UK Continental Shelf (UKCS). It is part of the Oil and Gas Authority’s (OGA) 29th Licensing Round – the first in two decades focusing solely on frontier, underexplored areas of the Rockall Basin, Mid-North Sea High […]

New project to deliver £406m savings a year for oil, gas operators

A new initiative is estimated to help deliver benefits worth $500 million (£406m) a year for oil and gas operators in the UK Continental Shelf (UKCS). The Non-Intrusive Inspection project, launched jointly by the Oil and Gas Technology Centre (OGTC) and ABB, will focus on achieving increased production efficiency. The organisations will also aim to […]

OGA seeks tech to make well construction cheaper

A hackathon to identify new technologies and practises that can make the construction of wells in the UK Continental Shelf (UKCS) cheaper will take place next month. The Oil and Gas Authority (OGA) alongside the Industry Technology Facilitator (ITF) aims to find out the challenges associated with well construction. The event will be also used as a […]

New contracts to update UK’s oil and gas exploration maps

Four contracts have been issued to update seismic mapping of the UK Continental Shelf (UKCS). The Oil and Gas Authority (OGA) has awarded the contracts, worth around £1 million, to Shearwater GeoServices, Geokinetics, DMT Petrologic and Quality Seismic. More than 10,000 kilometres of old, 2D data from underexplored areas will be reprocessed into up-to-date, useful maps to aid exploration and drilling. The areas to be covered include the Anglo-Paris […]