The North Sea will need investment of £200 billion in order to add another generation to its production life, according to a flagship report published today.
Oil and Gas UK
Around £200 billion will need to be spent to add a generation of productive life to the UK Continental Shelf (UKCS), according to a new report.
Nearly 300 tonnes of oil and chemicals accidentally spilled into the North Sea in 2017, according to a new environmental report.
The SNP has called on the UK Government to ensure freedom of movement post-Brexit following a warning it could lead to the shutdown of North Sea platforms.
Scotland’s energy minister has said the industry owes it to the families of Piper Alpha victims to make the North Sea the safest place in the world for oil and gas operations.
Customs charges due to Brexit could cost the offshore industry £145 million this summer and £120 million every year thereafter, north-east firms have been warned.
An oil and gas company has secured contracts worth up to £10 million for drilling operations in the North Sea.
North Sea oil companies will commit to developing between 12 and 16 new fields in 2018, more than in the last three years put together, a new report said.
The resurgent North Sea oil and gas industry is poised to pay more than £1billion in tax this year – and the SNP has called for the cash to be reinvested in the sector.
Aberdeen will feel the effects of the oil sector downturn for years to come, with another 5,500 energy sector jobs expected to be lost by 2027, a new report says.
Further job losses in the North Sea are inevitable as the “challenging times“ for the oil and gas industry continue, MSPs have been warned.
THE new chief of Oil and Gas UK today said there would be "no winners" if offshore workers went on strike.