north sea


Mark Thomas: The North Sea asset shuffle and the changing face of BP


In order to maximise economic recovery from the UK continental shelf (MER UK), the OGA has spoken of the need to ensure that “the right assets are in the right hands”. In other words, for producing fields, potential new developments, exploration opportunities and infrastructure, to lie in the hands of those who will manage and steward them well and invest to realise their remaining potential.


Earthquake recorded in the North Sea


A small earthquake has been recorded in the North Sea. The small 2.4 magnitude tremor happened at about 130 miles north-east of Aberdeen, according to the British Geological Survey. It happened 14km below sea level at around 3pm.