North Sea | Egypt Oil & Gas - Part 4
UK’s North Sea Oil Industry May See 45,000 Jobs Cut in 2016
The British oil and gas industry is set for another round of job cuts, according to Sir Ian Wood, the former Chairman of Wood Group, an energy services company. Wood Group stated that the oil and gas companies locate...
UK Announces Tax Relief for North Sea Oil&Gas Industry
UK Chancellor, George Osborne, has offered further tax relief for Britain’s embattled North Sea oil and gas industry, while taking a swipe at Scottish Nationalists who had insisted the sector would have been better of... IOG, Transocean Sign North Sea Oil Drilling Contract
Independent Oil and Gas (IOG), the North Sea focused oil and gas company, has signed a rig contract with Transocean Drilling procuring the Transocean John Shaw semi-submersible rig to drill an appraisal well on the Sk...
Chemical Group INEOS Buys 12 North Sea Fields
The Swiss chemicals company INEOS has purchased 12 gas fields in the North Sea, Reuters reported. The fields were purchased from Russian billionaire Mikhail Fridman’s investment fund LetterOne. The Russian busin...
Total Selling Midstream Assets in the North Sea
French oil and gas major Total is selling its midstream assets in the North Sea, reported Offshore Post. The company is selling its assets, currently two subsea pipelines and an onshore processing plant, for $905m. Th...
North Sea Shedding Assets, Employees
Oil and service companies operating in the North Sea are writing down assets and firing workers in an effort to lower production expenses, reported The Scotland Herald. Firms such as Dana Petroleum are recording losse... Norway’s Economy Follows Oil Price
The economy of Norway is a “train wreck in slow motion,” according to Svenska Handelsbanken AB, reported Bloomberg. Norway is western Europe’s largest oil producer, with hundreds of offshore platforms and fields in th... New Licenses Issued for North Sea Operators
A total of 41 new licences have been awarded for oil and gas operations in the North Sea. The Oil and Gas Authority (Oga) confirmed the new licences yesterday after 134 were announced in November last year. The UK oil... 
