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North Sea oil news

Subsea UK shares knowledge and expertise with Pemex

Senior figures from Mexico’s national oil company, Pemex, have been discovering the secrets of the UK subsea sector’s success and how it has revolutionised the way in which hydrocarbons have been extracted from beneath the seabed during a fact-finding visit to Aberdeen.

 

Exceed secures £5.5 million of North Sea contracts

Aberdeen-headquartered Exceed, a well management and performance improvement specialist, has secured four new North Sea contracts in the first quarter of 2017 with a combined revenue of approximately £5.5 million.

 
 
 
 
 
 

ITF & OGIC to provide £1 million in funding to encourage O&G

The Industry Technology Facilitator (ITF) and the Oil & Gas Innovation Centre (OGIC) have joined forces to fund and support the development of innovations which could reduce costs, raise production efficiency, and improve safety and environmental performance.

 

PGNiG increases involvement in Norway

PGNiG Upstream Norway, wholly owned subsidiary of PGNiG SA (Polish Oil and Gas Company), purchased share in the Storklakken discovery from Aker BP ASA.

 

UK OGA awards 25 licences in 29th Offshore Licensing Round

The Oil and Gas Authority (OGA) has offered for award 25 licences for 111 blocks or part blocks to 17 companies in the 29th Offshore Licensing Award to enable further exploration and production across frontier areas of the UK Continental Shelf (UKCS).