Oil & Gas UK

All posts for Oil & Gas UK

Oil & Gas UK: Resilient and Reshaping But Greater Activity Needed to Fully Reboot Industry

More new investment expected in 2018 than the last 3 years combined  2018 production set to increase 5% making it 20% higher than 5 years ago Unit Operating Costs halved since 2014 and post-tax cash flow highest in 7 years. Supply chain  still under pressure but revenues to stabilise in ...

OilVoice Press - OilVoice

Posted 13 hours agoOpinion > Oil & Gas UKUKUnited Kingdom +4

M&A Activity Passes $8bn Mark as Confidence Gradually Returns to UKCS

Merger and acquisition (M&A) activity on the UK Continental Shelf (UKCS) has surpassed $8bn this year in a clear sign that confidence is gradually returning to the basin, says Oil & Gas UK's newly launched Market Insight.   The new Insight - which gives the most recent overview of the cu ...

OilVoice Press - OilVoice

Posted 2 months agoPress > UKCSUnited Kingdom Continental ShelfUnited Kingdom +2

Industry Leaders Top the Bill at Wells Learning Event

Oil & Gas UK Chief Executive Deirdre Michie and Oil and Gas Authority Chief Executive Andy Samuel delivered a joint keynote speech at an event to improve competitiveness of wells in the UK Continental Shelf (UKCS). The high profile backing further underlines the importance of securing safe and eff ...

OilVoice Press - OilVoice

Posted 3 months agoPress > Oil & Gas UKUKCSOil and Gas Authority +1

UK Trade Body Welcomes Budget Green Light to Tax Change That Will Unlock Investment

The Chancellor today announced a tax measure that will unlock further investment in the UK North Sea by enabling more assets to change hands and allow new owners to provide fresh investment in many mature oil and gas fields. Oil & Gas UK has been working constructively with HM Treasury for a numbe ...

OilVoice Press - OilVoice

Posted 3 months agoOpinion > United KingdomBudgetTax +3

Oil & Gas UK Makes Final Case For Tax Change Ahead of UK Budget

The UK Government has a limited window of opportunity to introduce a tax change with the Budget that could save the UK taxpayer millions of pounds by deferring the decommissioning of mature oil and gas fields. That's the view of Oil & Gas UK which believes it is vital that the tax history is trans ...

OilVoice Press - OilVoice

Posted 4 months agoPress > Oil & Gas UKTaxUnited Kingdom +4

Oil & Gas UK - New Scottish Government decommissioning fund is encouraging

Deirdre Michie, chief executive, Oil & Gas UK said: “The First Minister's announcement today of a new £5 million fund to support Scottish companies looking to take advantage of decommissioning sector opportunities is encouraging news for the many supply chain companies still struggling in the down ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Oil & Gas UKDecommissioningScotland

Oil & Gas UK welcomes Shell’s multi-billion pound deal with Chrysaor

Welcoming today's announcement (31 January) that Shell has agreed to sell a package of UK North Sea assets to Chrysaor in a multi-billion pound deal, Oil & Gas UK Chief Executive Deirdre Michie said: “This is a very significant deal and signals a strong vote of confidence in the future of the UK C ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Oil & Gas UKChrysaorShell +1

Oil & Gas UK comments on the Scottish Government’s Energy Strategy

  Commenting on the publication of the Scottish Government's consultation on its Energy Strategy, Oil & Gas UK's CEO Deirdre Michie said: “I welcome the Scottish Government's recognition that oil and gas has an important part to play in Scotland's energy mix going forward and that it is commi ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Oil & Gas UKScotland

Sky-Futures makes a significant contribution to landmark industrial drone guidelines

Oil & Gas UK have launched their seminal drone guidelines to industry, ‘Unmanned Aircraft Systems (UAS) Operations Management Standards and Guidelines', in partnership with an expert panel, including Sky-Futures. Nick Rogers, Co-founder and Chief Regulatory and Training Officer (CRTO) at Sky-Futur ...

David Gull

Posted 1 year agoPress > Regulationguidelinessky-futures +4

Oil & Gas UK announce new guidelines for the use of drones offshore

A new publication to help guide the growing use offshore of unmanned aerial systems (UAS) – also known as drones - has been published by Oil & Gas UK. The Unmanned Aircraft Systems (UAS) Operations Management Standards and Guidelines were developed by a work group set up by the trade body, involvi ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Oil & Gas UKUKdrones

Oil and Gas Industry collaboration to help simplify Commercial and Legal Practices

A rising number of UK operator companies are demonstrating their commitment to working smarter by signing up to two initiatives designed to reduce the legal and commercial complexity of offshore operations. As a result of collaboration between UK operators, supported by Oil & Gas UK and the Oil and ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Oil & Gas UKLegal

James Bream: Has the oil and gas industry reached a turning point?

LAST week saw the release of the results of our 25th Oil and Gas Survey, as the industry prepares to enter the third year of the current low oil price period. Industry body Oil & Gas UK estimates that the sector is now supporting around 120,000 fewer jobs than just two years ago. There is no que ...

Adam Marmaras - OilVoice

Posted 1 year agoLink > James BreamOil & Gas UK

Environmental performance of oil and gas sector captured in key report

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 a key report published today (November 29) by the sector's trade body. The trend echoes the decline of UK oil and gas production together with eff ...

Katie Woodward - OilVoice

Posted 1 year agoPress > EnvironmentReportUnited Kingdom +1