North Sea oil news

Diversification, decarbonisation and digitalisation are set to define the future of the UK's oilfield services sector, according to the latest EY UK Energy Services overview.

OGUK has stated that securing and sustaining investment in the sector is now critical to help the UK quickly realise a net-zero future.

The jack-up rig SWIFT 10 will be used to perform a plug and abandonment (P&A) campaign in the Dutch and German North Sea this summer.

OGUK Sustainability Director Mike Tholen has responded to a story published recently in The Sunday Telegraph which suggests UK ministers are considering declaring the beginning of the end for the North Sea oil industry with a ban on new exploration licences.

Ken Park, Clinical Director, TAC Healthcare Group, has outlined best practices around virus protection for workers on offshore platforms.

UK Continental Shelf operators must demonstrate to the Oil and Gas Authority a commitment to reducing greenhouse gases, and the OGA will monitor performance closely through an annual stewardship survey, performance benchmarking and tier reviews.

The economic impact analysis, from Oxford Economics, quantified the direct impact Neptune has on the UK, Norway, Germany and the Netherlands through its operations, the indirect impact generated through its supply chain and the induced impact due to spending by Neptune staff and suppliers’ staff.

The acquisition comprises a controlling (60%) interest in the Q10-A offshore gas field together with interests in a suite of offshore exploration and production licences in the Dutch North Sea.

The reductions in flaring follow increased focus by the UK's Oil and Gas Authority, which started benchmarking performance in 2020 and now also publishes data every month.

Rystad Energy analysis shows that the world’s top oil and gas employer, China, lost only 5.3% of its massive workforce. The toll in the US was more devastating, estimated at 11.1%, thereby faring worse than its European peers and Russia.