Search results for: wood review

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  • 17 July 2014
    Business & Finance

    Oil & Gas UK has welcomed the announcement by the Energy Secretary, the Rt. Hon. Edward Davey MP, of Government support for Sir Ian Wood’s UKCS Maximising Economic Recovery (MER UK) Review. Malcolm Webb, Oil & Gas UK’s chief executive, said: “The offshore oil and gas industry welcomes the reaffirmation of Government support for the […]

  • 6 November 2014
    Business & Finance, Project & Tenders

    Department of Energy and Climate Change (DECC) has informed that Andy Samuel, currently Managing Director of BG Group’s Exploration and Production in Europe, has been appointed as the chief executive of the Oil and Gas Authority (OGA). According to DECC, the government is also asking industry and others for their views on how best to […]

  • 24 February 2014

    The British economy could receive a potential £200 billion boost over the next 20 years, through the recovery of an additional 3-4 billion barrels of North Sea oil and gas.

  • 6 January 2015

    Andy Samuel has officially begun his new role of Chief Executive of the UK Oil and Gas Authority (OGA), based in Aberdeen. The establishment of the OGA was an integral part of the recommendations made by Sir Ian Wood as part of the review into maximising the UK’s offshore oil and gas resources. The government […]

  • 1 September 2014

    Offshore exploration activity on the UK Continental Shelf is slated for growth, Douglas Westwood writes in its DW Monday report titled: “A Boost for UK Offshore Drilling?” From a peak of 396 in 1996, numbers of wells drilled offshore UK fell to 164 in 2013, a low not seen since 1979, the DW report reads. Development wells were down […]

  • 7 November 2014

    BG Group’s managing director of exploration and production in Europe, Andy Samuel has been named as CEO of Oil and Gas Authority.

  • 26 November 2014

    Companies operating in the North Sea require a cultural shift to make the most of its potential, according to a new report from Deloitte, the business advisory firm. The report, which gauges the oil and gas industry’s reaction to Sir Ian Wood’s Maximising Recovery Review, calls on the new regulator – the Oil and Gas […]

  • 5 March 2014

    Leading industry figures speaking at the ITF Technology Showcase today highlighted the importance of technology to the future of the North Sea. The industry and government body PILOT set up a working group to develop a roadmap to develop actions in support of technology development. This working group is also linked into the Oil and […]

  • 24 February 2014

    Oil & Gas UK has welcomed Sir Ian Wood’s final report, published today , setting out his recommendations and strategies for maximising the economic recovery of the country’s remaining oil and gas resource. Commissioned by DECC last year to conduct an independently led review of oil and gas activity on the UK Continental Shelf (UKCS) […]

  • 25 February 2014
    Business & Finance

    Dana Petroleum has welcomed the publication of the final report by Sir Ian Wood on maximising recovery in the UKCS. The report UKCS Maximising Recovery Review was commissioned by the UK Government in June last year. Graham Scotton, Dana’s acting Chief Executive said: “Dana welcomes the publication of Sir Ian’s final report and the broad […]

  • 13 January 2015

    Seeing Brent crude oil falling below $50 a barrel, Oil & Gas UK, an industry body representing offshore oil and gas companies in the UK, has called for major tax cuts, saying that the industry cannot carry the burden of the current tax levels, at these oil prices.     Malcolm Webb, Oil & Gas […]

  • 7 July 2014

    DECC today published its annual updated estimates which show UK oil and gas reserves and resources are in the range of 11.1 to 21.0 billion barrels of oil equivalent (boe). DECC says that these figures show there is still a lot of potential remaining in domestic energy reserves. They also further underline the importance of […]

  • 22 December 2014

    In light of falling oil prices, which were at a five-year low last week, Oil & Gas UK has called for the government’s reform to the oil and gas fiscal regime to be accelerated.  To remind, George Osborne, the UK Chancellor of Exchequer, recently presented the Autumn Statement to the Parliament where he promised that […]

  • 9 March 2015
    Business & Finance

    UK’s Energy Secretary Ed Davey has announced that Sir Patrick Brown will take up the role of chairperson of the Oil and Gas Authority (OGA). Sir Patrick Brown will work closely with Chief Executive Andy Samuel as he continues to build the senior leadership team for the new regulator. The first three directors were announced […]

  • 4 June 2014

    The UK government’s legislative programme outlined in today’s Queen’s Speech included a section on the Wood Report, which says that the new Regulator to oversee the UK’s offshore operations should be fully funded by the industry.

  • 21 January 2014

    Wood Mackenzie’s annual UK upstream oil and gas review concludes that 2013 was a mixed year for the industry. Capital investment continued to increase, however, this was set against the backdrop of project delays, production underperformance and poor exploration success. However, Wood Mackenzie says there are promising new fields due onstream and an increase in […]

  • 14 July 2014
    Business & Finance

    Oil & Gas UK has welcomed HM Treasury’s announcement today (14 July) of a formal consultation into the future of the UK offshore oil and gas tax regime. The industry’s leading trade body believes the sector faces an uncertain future and that the tax review is therefore now urgently needed. The UK continental shelf (UKCS) […]

  • 22 April 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Energy Minister Michael Fallon visited Nigg fabrication yard, a key construction site for the Cygnus project, the largest Southern gas field in the North Sea to be approved and developed in the past 25 years. A partnership between GDF Suez, Centrica and Bayerngas, the Cygnus project was only made possible because of tax incentives introduced […]

  • 22 April 2014

    UK Energy Minister Michael Fallon today visits Nigg fabrication yard, a key construction site for the Cygnus project, the largest Southern gas field in the North Sea to be approved and developed in the past 25 years. A partnership between GDF Suez, Centrica and Bayerngas, the Cygnus project  is worth approximately £1.5 billion, and supports […]

  • 16 July 2014
    Project & Tenders

    The UK Government has announced it would contribute short term funding of $26 million (£15 million) over five years to help kickstart the establishment of a new arm’s length regulatory body in the official response to Sir Ian Wood’s review into improving efficiencies in the UK’s offshore oil and gas industry. The Government’s one-off contribution to […]

  • 20 March 2015

    The UK government has today outlined what it says is a major package of support for the oil and gas industry following Wednesday’s Budget announcement. The new Oil and Gas Authority (OGA) will be given a range of powers to ensure it has the ability to help maximise the economic recovery of the UK’s oil […]

  • 24 February 2015

    Oil & Gas UK has said that a new report on offshore exploration, investment and production published today (February 24) provides striking evidence of how rising costs, taxes and inadequate regulation have taken their toll on the UK industry’s international competitiveness. The Activity Survey 2015 highlights the urgency with which measures are needed to secure […]