North Sea

In 2015 and 2016, the Health and Safety Working Group of the North Sea Offshore Authorities Forum discussed common challenges for the oil and gas industry. The challenges related to maintaining and operating aging installations in a low-oil-price environment was selected as a topic for further work.

Just 2 months after issuing more than a hundred licenses, the Oil and Gas Authority begins the process again for a whole new set of blocks.

The company announced it would “initiate the process” of marketing its UK Central North Sea fields as part of a portfolio review.

A recent spike in production has engendered a cautiously optimistic outlook for the UKCS, but will it do anything to stave off the overall decline of the mature basin?

Acquiring data from an abandoned subsea well has been done before, but never quite like this.

UK’s active 30th Licensing Round resulted in the award of 123 licenses to a diverse set of 61 companies—an outcome that UK government officials hailed as more proof that interest is picking up in the aging North Sea.

Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019.

The potential sale could net as much as $2 billion, depending on which assets were made available. The company has not launched a formal process but is said to be testing the waters, according to a new report by Reuters.

The Health and Safety Executive (HSE) has warned the UK’s offshore oil and gas operators that they must do more to tackle hydrocarbon releases in the North Sea after coming “perilously close to disaster” in recent years.

Scheduled for 2020 startups, the Alligin and Vorlich Fields are expected to produce 30,000 gross BOE/D.