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/

Perenco completes acquisition of oil and gas fields from Woodside Energy in Trinidad & Tobago

Tuesday 15 July 2025 10:00

Perenco has announced the completion of the acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalisation of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields, aligns Perenco as a major oil and gas producer in country.

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