Oil & Gas UK Company News

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Free Cash Flow on UKCS Could Be Over $12.9B in 2018
Free cash flow on the UK Continental Shelf could be more than $12.9 billion (GBP 10 billion) this year, for the first time since 2010.
8:00 PM EST | September 10, 2018
Industry Body Outlines Mood of UKCS Oil, Gas Sector
Oil & Gas UK talks about the mood of the UK Continental Shelf oil and gas sector.
8:00 PM EST | August 27, 2018
OTC 2018: Oil & Gas UK Says UK Offshore Employment to Increase in 2018
Employment is going to increase in the UK offshore oil and gas industry this year, says Oil & Gas UK.
8:00 PM EST | May 01, 2018
Oil & Gas UK Board Appoints 3 'Key Leaders'
Industry body Oil & Gas UK appoints new board members.
8:00 PM EST | April 24, 2018
Shell Submits Brent Decom Plans, Launches Public Consultation
An extended 60-day public consultation on recommendations to decommission the Brent oil and gas field in the North Sea has begun.
7:00 PM EST | February 07, 2017
UK Operators Moving to Simplify Legal, Commercial Offshore Practices
A rising number of UK operators are signing up to 2 initiatives designed to reduce the legal and commercial complexity of offshore operations, Oil & Gas UK said.
7:00 PM EST | December 12, 2016
Survey: Collaboration is Crucial for Future Success in North Sea
Collaboration is vital for the future success of the oil and gas industry in the North Sea, according to a survey from Oil & Gas UK and Deloitte.
7:00 PM EST | December 04, 2016
Environmental Report on UK Oil, Gas Industry Shows Positive Trends
Discharges to sea and emissions to the air by the UK's oil and gas industry have been on an overall downward trend over the last 15 years, according to industry body Oil & Gas UK's Environment Report 2016.
7:00 PM EST | November 28, 2016
Chancellor Pledges to Deliver on Oil, Gas Tax Commitments set out in March
UK Chancellor of the Exchequer Philip Hammond pledges to stick to the oil and gas industry tax cuts announced by his predecessor George Osborne in March.
7:00 PM EST | November 22, 2016
CDA Challenge Sees Companies Mine 50 Years of N. Sea Exploration Data
Over 50 years of North Sea exploration data has been mined as part of a challenge set by Common Data Access.
7:00 PM EST | November 17, 2016
Report: North Sea Decom Will Grow Steadily Over Next Decade
North Sea decommissioning offshore Norway and the UK will grow steadily over the next 10 years, according to Oil & Gas UK's Decommissioning Insight report.
7:00 PM EST | November 14, 2016
Report: Growing Confidence in North Sea Oil, Gas Industry
There is a growing confidence that the industry has seen the worst of the current market downturn, according to a new report on the North Sea oil and gas sector from PwC.
7:00 PM EST | November 13, 2016
Oil & Gas UK Publishes Data on Size, Shape of Offshore Workforce
Data on the size and shape of the offshore workforce has been made available on Oil & Gas UK's website in an effort to help guide the future design of offshore safety equipment.
7:00 PM EST | November 08, 2016
UK Government 'Must Recommit' to Oil, Gas Sector in Autumn Statement
Oil & Gas UK writes to UK Chancellor ahead of November's Autumn Statement, asking him to boost investor confidence in North Sea exploration and production.
7:00 PM EST | November 06, 2016
Industry Must Be 'Stimulating, Challenging' to Inspire Millennials
The oil and gas industry must be presented as stimulating and challenging to inspire millennials, Oil & Gas UK Chief Executive Deirdre Michie told Rigzone.
8:00 PM EST | October 24, 2016
Trade Group Oil & Gas UK Makes 4 Board Appointments
Trade association Oil & Gas UK appoints executives from Apache, Premier Oil, Repsol Sinopec and Rowan Companies to its board.
8:00 PM EST | October 03, 2016
UKCS In Urgent Need of Fresh Investment
The UK Continental Shelf is in urgent need of fresh investment to boost exploration and drive activity, says Deirdre Michie, Oil & Gas UK's chief executive.
8:00 PM EST | September 26, 2016
Offshore Safety Improves Across UKCS Oil, Gas Operations
Offshore safety across oil and gas operations on the UK Continental Shelf continued to improve in 2015, according to the 2016 Oil & Gas UK Health & Safety Report published August 1.
8:00 PM EST | July 31, 2016
North Sea Field Shutdowns To Climb As Brexit Deepens Oil Gloom
The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit.
8:00 PM EST | July 18, 2016
Brexit: Adverse Impact for UK's Oil, Gas Industry Unlikely
The UK voting to leave the EU is unlikely to have a major adverse impact on its oil and gas sector, but the industry calls on clear leadership from the country's government to minimise uncertainty.
8:00 PM EST | June 23, 2016
Offshore UK Jobs Will Fall By 120,000 This Year
Jobs supported by the UK's offshore oil and gas industry will have fallen by around 120,000 by the end of 2016, says Oil & Gas UK.
8:00 PM EST | June 09, 2016
UK Oil, Gas Firms Plan Further Cost Cuts
Almost half of UK oil and gas firms are planning further cost cuts to help manage the impact of the industry downturn, according to the Bank of Scotland's report on the oil and gas industry.
8:00 PM EST | June 05, 2016
Report: North Sea Operator, Supply Chain Collaboration Increasing
Collaboration between operator companies in the North Sea oil and gas industry and the wider supply chain is increasing, according to a report by Oil & Gas UK and Deloitte.
8:00 PM EST | May 18, 2016
Osborne Supports Oil, Gas Industry with Tax Cuts
UK Chancellor of the Exchequer George Osborne announces tax cuts for the country's oil and gas industry in his Budget speech.
8:00 PM EST | March 15, 2016
UK Budget Preview: Tax Cuts Needed to Boost North Sea Industry
The Aberdeen & Grampian Chamber of Commerce calls for further tax cuts to lengthen the lifespan of the North Sea oil industry.
8:00 PM EST | March 13, 2016
Oil & Gas UK Calls for Tax Reform Ahead of Budget
Oil & Gas UK calls for urgent tax reform in the forthcoming Budget to boost the industry's competitiveness and investors' confidence in the UKCS.
7:00 PM EST | March 07, 2016
Activity Survey: UK North Sea Sees Investment Collapse
The UK North Sea is experiencing a severe collapse in investment as the UK Continental Shelf enters a phase of "super maturity" amid a prolonged period of low oil prices.
7:00 PM EST | February 22, 2016
Larger UK Offshore Workers Could Force Helicopter Safety Changes
Robert Gordon University survey finds that male offshore workers are larger than a typical UK male, which could affect how offshore workers are evacuated from ditched helicopters.
7:00 PM EST | February 11, 2016
Oil & Gas UK: UKCS Collaboration Increasing
An increasing number of energy firms are using shared industry tools developed by Oil & Gas UK and its subsidiary, LOGIC, to simplify procedures and improve efficiency on the UK Continental Shelf.
7:00 PM EST | January 17, 2016
Survey: Confidence among North Sea Oil, Gas Contractors at All-Time Low
Confidence among North Sea oil and gas contractors is at an all-time low, according to a new industry report.
7:00 PM EST | November 25, 2015
UK North Sea Oil Decommissioning Costs Set to Rise
The cost of dismantling oil production facilities in the UK North Sea over the next decade will be higher than previously forecast, according to a group representing the British industry.
7:00 PM EST | November 17, 2015
Oil, Gas Industry Welcomes UK Government's Pro-Gas Energy Policy
Oil & Gas UK and UKOOG welcome Energy Secretary Amber Rudd's plan to see natural gas play a central part in the future of power generation in the UK.
7:00 PM EST | November 17, 2015
Oil & Gas UK Helps Increase Decommissioning Efficiency
Oil & Gas UK publishes 2 new documents to help operators and contractors plan and execute decommissioning activities more efficiently.
7:00 PM EST | November 10, 2015
UK Energy Industry Gathers for Oil & Gas UK Awards 2015
The UK energy industry gathers in Aberdeen to celebrate a range of company and individual achievements at the annual Oil & Gas UK Awards 2015.
7:00 PM EST | November 05, 2015
Oil & Gas UK Publishes Updated Well Operation Guidelines
Oil & Gas UK publishes updated guidelines to help well-operators comply more effectively with regulations and improve cross industry understanding of well-related issues on the UK continental shelf.
8:00 PM EST | October 19, 2015
OE 2015: UKCS to See $3.1B Cost Improvement amid Further Jobs Pain
The UK's North Sea industry will see a further $3.1-billion cost improvement by 2016 as it suffers further job losses amid lower capital investment.
8:00 PM EST | September 08, 2015
Oil & Gas UK Launches North Sea Task Force
Oil & Gas UK launches a new North Sea task force, which aims to improve the efficiency and competitiveness of the UK's oil and gas industry.
8:00 PM EST | September 01, 2015
Oil & Gas UK Appoints 4 New Board Members
Oil & Gas UK announces four new appointments to its board of directors.
8:00 PM EST | August 24, 2015
Oil & Gas UK Launches New Category for 2015 Awards
Oil & Gas UK launches a new category for the 2015 Oil & Gas UK Awards, which will be held at Aberdeen's Exhibition and Conference Center on November 5, 2015.
8:00 PM EST | August 05, 2015
UKCS Oil, Gas Production Set to Rise for First Time in 15 Years
Oil & Gas UK states that oil and gas production from the UK Continental Shelf is set to rise for the first time in 15 years, according to provisional figures from the Department for Energy.
8:00 PM EST | August 02, 2015
Oil & Gas UK Launches New Guidelines on Planned Maintenance Shutdowns
Oil & Gas UK launches new guidelines in an attempt to minimize the frequency and duration of planned maintenance shutdowns and improve the reliability and safety of installations on the UK Continental Shelf.
8:00 PM EST | July 29, 2015
UK Oil, Gas Industry Companies More Optimistic in 2Q
Companies in the UK oil and gas industry are becoming more optimistic about the sector, according to Oil & Gas UK's latest Business Sentiment Index.
8:00 PM EST | July 28, 2015
Oil & Gas UK Releases Updated Guidelines for Well Abandonment
Oil & Gas UK releases updated guidelines for the abandonment of wells, along with accompanying guidance on generating cost estimates to support this activity.
8:00 PM EST | July 20, 2015
New Energy Bill Published by UK Government
The UK government publishes its long-awaited Energy Bill, which will see the strengthening of the newly-established Oil and Gas Authority as the main regulatory body for the industry.
8:00 PM EST | July 09, 2015
Effective Measures Needed by Spring 2016 to Boost UK Exploration
Oil & Gas UK calls for "effective measures" to be in place by March 2016 that will boost exploration of the UK Continental Shelf.
8:00 PM EST | July 08, 2015
UK Oil, Gas Sector Must Be 'Sustainable' at $60 per Barrel
Oil & Gas UK Chief Executive Deidre Michie says unions, governments, regulators and trade associations must work together to secure a future for the UK oil and gas industry.
8:00 PM EST | June 16, 2015
New UK Energy Bill Gives Oil and Gas Authority More Powers
Details of a new UK Energy Bill, released to coincide with the Queen's Speech Wednesday, reveal that the new Oil and Gas Authority will be given widespread powers.
8:00 PM EST | May 26, 2015
GMB Union Calls for Strike Action in UK North Sea
GMB announces a strike ballot will go ahead after talks failed to resolve a dispute over changes to terms for UK offshore workers.
8:00 PM EST | May 20, 2015
UK's New Oil, Gas Authority Appoints Key People
UK's new Oil and Gas Authority appoints seven senior executives as Prime Minister David Cameron appoints new Energy Secretary.
8:00 PM EST | May 10, 2015
Oil & Gas UK Urges Further Tax Measures in 2015 Budget
Oil & Gas UK urges the UK Chancellor to introduce further tax measures in this week's Budget in order to boost oil and gas production on the UK Continental Shelf.
8:00 PM EST | March 15, 2015