Work is due to start in Q4 this year on what its backers are calling the world’s biggest tidal array after its owners agreed a £50 million funding package from the Scottish and UK Governments and the UK's Crown Estate. The MeyGen project…
A think-tank focused on boosting Scotland’s economy has called for the new oil and gas regulator and industry taxation decision-makers to be based in Aberdeen, not London or Edinburgh. Ahead of a referendum on Scottish independence,…
The UK Maritime and Coastguard Agency (MCA) issued a notice yesterday containing updated requirements for emergency response cooperation plans and requirements for emergency response and search-and-rescue (SAR) helicopter operations relating to offshore renewable energy installations (OREIs)…
The UK Government has launched a consultation into a proposed tax allowance to encourage investment in ultra-high-pressure, high-temperature (uHPHT) oil and gas fields in the UK North Sea. The allowance could reduce the tax on a portion of a company's profits from 62% to 30%…
The UK Government is to contribute £15 million short-term funding over five years to help kickstart the establishment of a new arm’s length regulatory body, to be called the Oil and Gas Authority (OGA), based in Aberdeen, to oversee the oil and gas industry…
UK-based drilling rig operator Awilco says the UK North Sea floating drilling rig market is close to sold out until mid-2015. Announcing its Q1 results, the firm said due to the sustained “high” oil price and increased operator financial discipline…
The UK’s North Sea oil and gas industry was put under a national spotlight today, both by the industry and the nation’s politicians. The industry and government welcomed the outcome of industry veteran Sir Ian Wood’s UKCS Maximizing Recovery Review final report…
Oil & Gas UK today published its UK Offshore Oil and Gas Fabricators Directory, providing a showcase for British construction yards which design and build major facilities for both domestic and international energy markets. The 80-page…
North Sea oil and the constitutional debate in Scotland and the UK The possibility of Scotland becoming an independent country is currently attracting much interest, and not just locally, but in the rest of the UK and elsewhere as a referendum on the issue…
Dana Petroleum’s Marcus Richards is stepping down as group chief executive after three years. Graham Scotton, chief operating officer will become the company’s acting group chief executive immediately. Richards joined the company following…
The UK's Government has awarded a further 52 North Sea oil and gas exploration licenses, bringing the total number of awards offered in the 27th Round to 219. The figure represents a record, with the number of smaller independent companies being offered awards also representing a high level…
ITF has surpassed more than 200 joint industry projects (JIP) in its 14-year history. Oil and gas industry leaders and the Rt. Hon. Michael Fallon MP, UK government Minister of State for Business and Enterprise and Minister of State for Energy…
Subsea UK is calling on the UK government to back plans for a national program that will support and fund subsea research, and a UK-wide skills program that will help the sector find the 10,000 people it needs to capitalize on current and future demand…
Apache Corp. announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24, 2013. Tonto-1, the first producing well, came on stream at an initial rate of 10,346 b/d. Apache holds a 100% working interest in the Tonto Field…
SUBSEA CONNECTION: The Aberdeen-based Hydro Group has secured a £500,000 contract from JDR Cable Systems to provide a new high voltage subsea connector for the UK's pioneering Wave Hub wave and tidal energy infrastructure project.--Being developed by the South West Regional Development Agency…
