Oil & Gas UK Company News
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Free Cash Flow on UKCS Could Be Over $12.9B in 2018
Tuesday, September 11, 2018Free 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.
Industry Body Outlines Mood of UKCS Oil, Gas Sector
Tuesday, August 28, 2018Oil & Gas UK talks about the mood of the UK Continental Shelf oil and gas sector.
OTC 2018: Oil & Gas UK Says UK Offshore Employment to Increase in 2018
Wednesday, May 02, 2018Employment is going to increase in the UK offshore oil and gas industry this year, says Oil & Gas UK.
Oil & Gas UK Board Appoints 3 'Key Leaders'
Wednesday, April 25, 2018Industry body Oil & Gas UK appoints new board members.
Shell Submits Brent Decom Plans, Launches Public Consultation
Wednesday, February 08, 2017An extended 60-day public consultation on recommendations to decommission the Brent oil and gas field in the North Sea has begun.
UK Operators Moving to Simplify Legal, Commercial Offshore Practices
Tuesday, December 13, 2016A 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.
Survey: Collaboration is Crucial for Future Success in North Sea
Monday, December 05, 2016Collaboration 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.
Environmental Report on UK Oil, Gas Industry Shows Positive Trends
Tuesday, November 29, 2016Discharges 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.
Chancellor Pledges to Deliver on Oil, Gas Tax Commitments set out in March
Wednesday, November 23, 2016UK 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.
CDA Challenge Sees Companies Mine 50 Years of N. Sea Exploration Data
Friday, November 18, 2016Over 50 years of North Sea exploration data has been mined as part of a challenge set by Common Data Access.
Report: North Sea Decom Will Grow Steadily Over Next Decade
Tuesday, November 15, 2016North Sea decommissioning offshore Norway and the UK will grow steadily over the next 10 years, according to Oil & Gas UK's Decommissioning Insight report.
Report: Growing Confidence in North Sea Oil, Gas Industry
Monday, November 14, 2016There 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.
Oil & Gas UK Publishes Data on Size, Shape of Offshore Workforce
Wednesday, November 09, 2016Data 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.
UK Government 'Must Recommit' to Oil, Gas Sector in Autumn Statement
Monday, November 07, 2016Oil & Gas UK writes to UK Chancellor ahead of November's Autumn Statement, asking him to boost investor confidence in North Sea exploration and production.
Industry Must Be 'Stimulating, Challenging' to Inspire Millennials
Tuesday, October 25, 2016The oil and gas industry must be presented as stimulating and challenging to inspire millennials, Oil & Gas UK Chief Executive Deirdre Michie told Rigzone.
Trade Group Oil & Gas UK Makes 4 Board Appointments
Tuesday, October 04, 2016Trade association Oil & Gas UK appoints executives from Apache, Premier Oil, Repsol Sinopec and Rowan Companies to its board.
UKCS In Urgent Need of Fresh Investment
Tuesday, September 27, 2016The 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.
Offshore Safety Improves Across UKCS Oil, Gas Operations
Monday, August 01, 2016Offshore 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.
North Sea Field Shutdowns To Climb As Brexit Deepens Oil Gloom
Tuesday, July 19, 2016The 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.
Brexit: Adverse Impact for UK's Oil, Gas Industry Unlikely
Friday, June 24, 2016The 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.
Offshore UK Jobs Will Fall By 120,000 This Year
Friday, June 10, 2016Jobs 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.
UK Oil, Gas Firms Plan Further Cost Cuts
Monday, June 06, 2016Almost 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.
Report: North Sea Operator, Supply Chain Collaboration Increasing
Thursday, May 19, 2016Collaboration 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.
Osborne Supports Oil, Gas Industry with Tax Cuts
Wednesday, March 16, 2016UK Chancellor of the Exchequer George Osborne announces tax cuts for the country's oil and gas industry in his Budget speech.
UK Budget Preview: Tax Cuts Needed to Boost North Sea Industry
Monday, March 14, 2016The Aberdeen & Grampian Chamber of Commerce calls for further tax cuts to lengthen the lifespan of the North Sea oil industry.
Oil & Gas UK Calls for Tax Reform Ahead of Budget
Tuesday, March 08, 2016Oil & Gas UK calls for urgent tax reform in the forthcoming Budget to boost the industry's competitiveness and investors' confidence in the UKCS.
Activity Survey: UK North Sea Sees Investment Collapse
Tuesday, February 23, 2016The 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.
Larger UK Offshore Workers Could Force Helicopter Safety Changes
Friday, February 12, 2016Robert 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.
Oil & Gas UK: UKCS Collaboration Increasing
Monday, January 18, 2016An 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.
Survey: Confidence among North Sea Oil, Gas Contractors at All-Time Low
Thursday, November 26, 2015Confidence among North Sea oil and gas contractors is at an all-time low, according to a new industry report.
UK North Sea Oil Decommissioning Costs Set to Rise
Wednesday, November 18, 2015The 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.
Oil, Gas Industry Welcomes UK Government's Pro-Gas Energy Policy
Wednesday, November 18, 2015Oil & 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.
Oil & Gas UK Helps Increase Decommissioning Efficiency
Wednesday, November 11, 2015Oil & Gas UK publishes 2 new documents to help operators and contractors plan and execute decommissioning activities more efficiently.
UK Energy Industry Gathers for Oil & Gas UK Awards 2015
Friday, November 06, 2015The UK energy industry gathers in Aberdeen to celebrate a range of company and individual achievements at the annual Oil & Gas UK Awards 2015.
Oil & Gas UK Publishes Updated Well Operation Guidelines
Tuesday, October 20, 2015Oil & 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.
OE 2015: UKCS to See $3.1B Cost Improvement amid Further Jobs Pain
Wednesday, September 09, 2015The 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.
Oil & Gas UK Launches North Sea Task Force
Wednesday, September 02, 2015Oil & 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.
Oil & Gas UK Appoints 4 New Board Members
Tuesday, August 25, 2015Oil & Gas UK announces four new appointments to its board of directors.
Oil & Gas UK Launches New Category for 2015 Awards
Thursday, August 06, 2015Oil & 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.
UKCS Oil, Gas Production Set to Rise for First Time in 15 Years
Monday, August 03, 2015Oil & 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.
Oil & Gas UK Launches New Guidelines on Planned Maintenance Shutdowns
Thursday, July 30, 2015Oil & 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.
UK Oil, Gas Industry Companies More Optimistic in 2Q
Wednesday, July 29, 2015Companies in the UK oil and gas industry are becoming more optimistic about the sector, according to Oil & Gas UK's latest Business Sentiment Index.
Oil & Gas UK Releases Updated Guidelines for Well Abandonment
Tuesday, July 21, 2015Oil & Gas UK releases updated guidelines for the abandonment of wells, along with accompanying guidance on generating cost estimates to support this activity.
New Energy Bill Published by UK Government
Friday, July 10, 2015The 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.
Effective Measures Needed by Spring 2016 to Boost UK Exploration
Thursday, July 09, 2015Oil & Gas UK calls for "effective measures" to be in place by March 2016 that will boost exploration of the UK Continental Shelf.
UK Oil, Gas Sector Must Be 'Sustainable' at $60 per Barrel
Wednesday, June 17, 2015Oil & 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.
New UK Energy Bill Gives Oil and Gas Authority More Powers
Wednesday, May 27, 2015Details 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.
GMB Union Calls for Strike Action in UK North Sea
Thursday, May 21, 2015GMB announces a strike ballot will go ahead after talks failed to resolve a dispute over changes to terms for UK offshore workers.
UK's New Oil, Gas Authority Appoints Key People
Monday, May 11, 2015UK's new Oil and Gas Authority appoints seven senior executives as Prime Minister David Cameron appoints new Energy Secretary.
Oil & Gas UK Urges Further Tax Measures in 2015 Budget
Monday, March 16, 2015Oil & 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.