The British public has spoken - as have the oil, money and stock markets. With a narrow margin, the leave campaign in the UK's referendum to stay in or leave the EU won by 52% to 48%, ending the UK's 43-long membership in the EU. Shares on the FTSE 250 index dropped 11…
With the referendum rapidly approaching, the question of what Brexit could mean for the UK oil and gas industry has become increasingly intriguing. As a market broadly regulated in London, many argue that an exit vote would lead to no significant changes – at least in the short term…
In the critical area of offshore asset integrity, a new study published by Oil & Gas UK promises to broaden awareness of the array of technologies developed and deployed successfully by the industry and other sectors which could be used to…
Fabrication of the billion dollar topsides destined for the Maersk Oil operated US4.5 billion UK North Sea megaproject, Culzean has started. A steel-cutting ceremony for the first of the three topsides modules took place at the Sembcorp…
Mid-March, the UK Government made a headline grabbing announcement – taxes would be halved for the ailing North Sea industry. Chancellor George Osborne said he would cut a supplementary charge on operators (a tax in addition to corporation tax) from 20% to 10%…
UK-based independent explorer Premier Oil's share value surged 100% this morning after trading recommenced following a two-week suspension. On 13 January 2016, Premier announced that it had agreed to acquire the whole of E.ON's UK North…
DONG Energy announced it will construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19km off the west coast of Britain. The final investment decision has been made after securing all necessary consents from authorities…
Nominations have opened for the 2016 Subsea UK Awards. Now in its 10th year, the awards seek to recognise companies and individuals who are leading the way in Britain’s successful £9billion subsea sector. Entries are being sought for the best subsea company of the year (large and small)…
Dutch oil and gas producer Oranje-Nassau Energie (ONE) has made its first step into the UK sector by taking over operatorship of the southern North Sea Sean field. The firm says its acquisition of 50% interest in and operatorship of the…
Oil & Gas UK announced a number of appointments of member company representatives to its board. In addition to the new members joining the board, existing board member Neil McCulloch, president North Sea, of Enquest, is named as the new vice chair representative for the operator community…
Well drilling and management specialists Acona UK have completed a two-well campaign for Perenco UK in the Southern North Sea. The seven-month campaign, using the Transocean GSF Monarch jackup, drilled a subsea well on the Leman field…
The board of Oil & Gas UK has appointed Deirdre Michie as the organization’s new Chief Executive. Deirdre Michie will take up her position from 1 May 2015, replacing the current Chief Executive Malcolm Webb who formally retires on 31 May 2015…
Consent has been awarded for what will be the largest offshore wind farm in the world, offshore the UK. The Dogger Bank Creyke Beck development, to be operated by the Forewind consortium, is to be created out of two wind 1.2GW farms, each with 200 wind turbines…
There can be little doubt – either for us as energy professionals in the sector, or anyone who has picked up a paper over the last few months – that the UK oil and gas industry is facing a serious challenge. Mike Tholen…
Malcolm Webb, Oil & Gas UK chief executive, will retire in 2015. Webb. From Oil & Gas UK. Oil & Gas UK says the exact date of his departure is yet to be agreed, but will be within…
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