Petrotechnics releases statement on UK Autumn budget

Published by David Bizley, Senior Editor
Oilfield Technology, Wednesday, 23 November 2016 16:20

Scott Lehmann of Petrotechnics has commented on the Chancellor's budget statement.

"In today’s Autumn Statement the Chancellor reinforced that commitments made to the UK North Sea oil and gas sector in the March Budget still stand. While this is good it’s not enough. More measures are needed to support a sector that is severely resource-constrained. Operators are facing immense pressure to do more with less while maintaining safe, efficient operations. This prioritisation of limited resources is creating a growing maintenance backlog for North Sea assets. The result of this could be lessened with additional measures to provide much needed breathing room for operators to address underlying inefficiencies."

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23112016/petrotechnics-releases-statement-on-uk-autumn-budget/

INEOS and Shell agree to progress new oil and gas opportunities in the Gulf of Mexico

Tuesday 05 May 2026 14:30

INEOS Energy and Shell Offshore Inc., a subsidiary of Shell plc, have today agreed to jointly invest in exploration and development opportunities, strengthening their collaboration and supporting long-term energy security, from areas in tieback distance to the Appomattox platform in the Gulf of Mexico.

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