Hurricane Energy announced that the Lancaster field, one of the largest undeveloped fields in the UK North Sea, could hold bigger reserves than initially estimated.
North Sea | Offshore Post
Oil & Gas UK, the organisation representing the UK offshore oil and gas industry, has responded to the Scottish government’s statement on oil and gas production in Scotland during the 2015-2016 fiscal year.
Statoil has made a call-off from the framework agreement signed with Kvaerner regarding the upgrade of the Njord A semi-submersible platform.
Scottish oil production has increased by 21.4% in 2015-2016, the largest rise recorded in 15 years, according to the latest figures revealed by the Scottish Government.
Parkmead announced it has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea.
The North Sea workers strike could be nearing an end after the two UK trade unions involved announced an agreement had finally been reached.
The North Sea oil revenue downturn has negatively affected the Scottish public spending deficit, which stood at £14.8 billion in the last financial year.
Statoil platform Njord A arrived at Kvaerner Stord on August 25 and will now be reinforced and renovated for production beyond 2030, Statoil informed in a statement.
Chevron has strongly denied the use of oil tax schemes and alleged it has paid more than £3.5 billion in taxes to the UK government over the past ten years.
A new report released by the International Transport Workers Federation (ITF) exposed secret corporate and tax minimisation schemes used by major North Sea oil producers.
Statoil and partners submitted today the Plan for Development and Operation for the Byrding North Sea field to government authorities.
More than 300 offshore North Sea oil workers are set to start a 48-hour strike tomorrow, on August 4, against pay cuts proposed by the Wood Group.
Serica Energy announced that oil and gas production resumed from the Erskine field, located in the Central North Sea.
Hundreds of offshore oil workers contracted by Wood Group are planning to start a second strike on seven Shell platforms in the UK North Sea.
Bibby Offshore announced a multimillion pound contract to provide air diving and remotely-operated vehicle (ROV) inspection and construction services.