Industry Headlines News for North Sea

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Seafarers Working in UK Waters Must Be Paid At Least Minimum Wage
Thursday, January 18, 2018 All seafarers working in UK waters must be paid at least minimum wage rates, the government warned in new guidance published Thursday.

Penguins FID Marks End of Cautious North Sea Era
Tuesday, January 16, 2018 Royal Dutch Shell plc's decision to go ahead with the redevelopment of the Penguins oil and gas field marks the end of the cautious North Sea era.

Oil Crosses $70 Threshold in London as Worldwide Glut Dwindles
Thursday, January 11, 2018 Oil briefly topped $70 a barrel in London for the first time in three years.

OPEC's Cheer Over 2018 Oil Rally Tinged By Shale Worries
Tuesday, January 09, 2018 Oil's price rally this year to its highest since May 2015 may seem a source of glee for OPEC.

Investors Sense Opportunities In Big Oil - But Mind The Gap
Friday, January 05, 2018 Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.

Why I Returned to the Oilfield...
Thursday, January 04, 2018 Oil and gas workers detail their journeys exiting - and coming back - to the industry.

Rig Trends: Offshore Rig Fleet Poised for Comeback, but More Time is Needed
Thursday, January 04, 2018 Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery.

BLOG: How Confident Are North Sea Workers About Their Employment?
Thursday, January 04, 2018 Rigzone outlines employment confidence levels among North Sea oil and gas workers.

Oil, Gas Outlook: M&A, Asset Development Key to Future Growth
Wednesday, January 03, 2018 Argo Consulting's Alan Free discusses where the silver lining may be for oil and gas in 2018.

Independents Go Big in North Sea
Wednesday, January 03, 2018 While some majors are still involved in the North Sea, notably Statoil, the age of the independents is clearly on the ascendancy.

Moody's Sees Oil Prices At $40-$60 Per Barrel This Year
Tuesday, January 02, 2018 Moody's Investors Service expects oil prices in the range of $40 to $60 per barrel in 2018.

2018 Outlook: Survey Reveals Industry's Outlook on Oil Prices, Jobs
Tuesday, January 02, 2018 Rigzone readers share their outlooks on some of the most pertinent issues affecting the oil and gas industry.

Top 5 Articles by Rigzone Staff in 2017
Friday, December 29, 2017 Rigzone reveals some of its most-read articles written by staff in 2017.

Top Rigzone-Staff Picks for 2017
Thursday, December 28, 2017 Rigzone's editors highlight articles they've particularly enjoyed writing in 2017.

BLOG: Survey Says North Sea Oil Market Will Improve in 2018
Thursday, December 28, 2017 People believe the North Sea oil sector will look better next year.

Five Oil Signals to Watch as 2018 Pits OPEC Against Shale
Thursday, December 28, 2017 Oil traders are going to have their work cut out for them in 2018.

UK, Scotland: The North Sea Ain't Done Yet
Friday, December 22, 2017 UK and Scottish government representatives see a bright future.

Global Conventional Discoveries Hit Record Low
Friday, December 22, 2017 Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent.

Rig Trends: A Glint of Light in the North Sea Rig Market
Friday, December 22, 2017 The UK North Sea and Norwegian Continental Shelf are two areas where semisubmersible demand has picked up.

Scotland Pledges to Continue Supporting Oil, Gas Investment
Thursday, December 21, 2017 Scotland pledges to continue supporting investment and innovation across its oil and gas sector.

BLOG: Wrapping Up a Year of Oil Price Predictions
Thursday, December 21, 2017 Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions.

OGA Introduces New Measures for Operators in UKCS
Tuesday, December 19, 2017 The Oil and Gas Authority (OGA) is introducing new measures to ensure operators 'work appropriately with the supply chain and derive maximum value from project activity'.

Union Would Ballot for Strike Action if Super Puma Makes a Comeback
Tuesday, December 19, 2017 'Unite will not hesitate to ballot its members for industrial action,' Unite regional officer Campbell says.

UKCS Operating Costs Drop
Friday, December 15, 2017 Operating costs in the UK Continental Shelf (UKCS) dropped by 14% in 2016, with operators securing reductions of approximately $1.5 billion.

OGTC Launches Fund to Find New Digital, Decommissioning Technologies
Thursday, December 14, 2017 The Oil & Gas Technology Centre launches a $2.6 million (GBP 2 million) fund to find new digital and decommissioning technologies.

Subsea Sector Still Supports Around 45,000 Jobs in UK
Thursday, December 14, 2017 The subsea sector still supports around 45,000 jobs in the UK, despite the recent downturn in oil and gas, according to Subsea UK's latest business activity review.

Oil, Gas Firms Could Lose Millions Due to Forties Pipeline Shutdown
Tuesday, December 12, 2017 Oil and gas firms could lose millions of dollars in the event of a prolonged shut down of the Forties Pipeline System, oil and gas analysts at GMP FirstEnergy have confirmed.

Industry Body Welcomes Arrival of New North Sea Player
Tuesday, December 12, 2017 Industry body Oil & Gas UK welcomes the arrival of new exploration and production joint venture Spirit Energy.

Oil, Gas to Continue to Play Key Role in North East Scotland Growth
Monday, December 11, 2017 The oil and gas industry will continue to play a key role in North East Scotland's growth, Derek Leith, EY office managing partner for Aberdeen, has confirmed.

HSBC: Important to Turn Positive Sentiment Into Benefits for North Sea
Monday, December 04, 2017 It is important to turn positive sentiment into lasting, tangible benefits for the North Sea oil and gas sector.

Danish Tyra Field Gets $3.3B Cash Boost for Redevelopment
Friday, December 01, 2017 The Tyra gas field in the Danish North Sea is going to receive a significant cash injection.

UKCS Decom a $22B Industry to 2025
Wednesday, November 29, 2017 A total of $22 billion is forecast to be spent on decommissioning on the UKCS from 2017 to 2025.

Oil & Gas UK Welcomes BP North Sea Asset Sale
Wednesday, November 22, 2017 News of BP plc's intended sale of its North Sea assets to Serica Energy plc has been welcomed by trade body Oil & Gas UK.

Chancellor Helps UK Oil Industry with 'Innovative' Tax Policy
Wednesday, November 22, 2017 The Chancellor of the Exchequer, Philip Hammond, pledges to help the UK oil and gas industry by delivering an 'innovative' tax policy from November 2018.

Aberdeenshire Oilfield Services Firm Plans to Bolster Workforce
Monday, November 13, 2017 Aberdeenshire oilfield services firm reveals plans for expansion amid its 40 year anniversary celebrations.

New Life for the North Sea
Tuesday, November 07, 2017 The North Sea is seeing a renaissance of activity and investment.

New Aberdeen Oilfield Services Group to Create Over 100 Jobs
Monday, November 06, 2017 FOS Group, a new oilfield services company launched Monday in Aberdeen, is looking to create over 100 new jobs.

Oil & Gas UK: Major North Sea Deals 'Hugely Significant'
Thursday, November 02, 2017 Chrysaor and INEOS North Sea deals 'hugely significant', according to industry body Oil & Gas UK.

Shell Workers Move to Chrysaor as North Sea Asset Sale Completes
Wednesday, November 01, 2017 253 Shell employees have transferred to Chrysaor Holdings Limited, following the completion of Shell's sale of a package of UK North Sea assets to Chrysaor.

INEOS FPS Becomes New Owner, Operator of Forties Pipeline System
Wednesday, November 01, 2017 INEOS completes its acquisition of the Forties Pipeline System (FPS) and associated pipelines and facilities from BP plc.

Jobs Safe Following WorleyParsons' AFW Acquisition
Tuesday, October 31, 2017 There are no current plans to lay off workers as a result of WorleyParsons' acquisition of AFW Oil and Gas UK Limited.

Airbus Helicopters Welcomes 'Open, Informed' Talks on Helicopter Safety
Friday, October 27, 2017 Super puma manufacturer Airbus Helicopters says it welcomes any open and informed discussion on the safety of offshore helicopters.

UK North Sea Oil Faces Quickening Decline If No Brexit Deal
Monday, October 16, 2017 The UK oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union.

Cost Control Key to North Sea Production Growth
Friday, October 13, 2017 Having already been written off once in the 80s and survived, North Sea production is now seen to be recovering even in the Era of Shale.

Statoil's Arctic, UK Drilling Campaigns Yield Disappointing Results
Monday, October 09, 2017 Norway's Statoil reported disappointing outcomes from three oil and gas exploration wells on Monday.

Petrofac Extends North Sea Contract with Chevron
Thursday, October 05, 2017 Oilfield services company Petrofac Ltd said its North Sea engineering services contract with a unit of Chevron Corp had been extended for 12 months.

Big Oil Says It Still Loves North Sea Despite Asset Sales
Wednesday, September 06, 2017 Europe's biggest energy companies have a message for the aging UK North Sea oil industry: We may be selling assets, but that doesn't mean we're heading for the exit.

Total Overtakes Shell In North Sea Where Appetite For Assets Remains High
Tuesday, August 22, 2017 Total has overtaken rival Shell to become the second-largest producer in the North Sea with its acquisition of Maersk's Norwegian and UK producing assets.

Unite Marks Piper Alpha Tragedy 29 Years On
Friday, July 07, 2017 UK union Unite marks the Piper Alpha tragedy yesterday, 29 years on from the incident which killed 167 workers in the North Sea.

Chrysaor Looking for Staff In Aberdeen
Friday, June 30, 2017 Chrysaor is recruiting for a range of new roles in the Aberdeen area, the company revealed Friday.

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