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New fields at six-year high in North Sea
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APPROVALS of new fields in the UK sector of the North Sea hit a
six-year high last year, according to an optimistic economic review
of the offshore oil and gas sector released yesterday.
A total of 21 new fields, costing GBP 2.5 billion in total to
develop, were approved by the Department of Primary Industry during
the year, according to the influential UK Offshore Operators
Association (UKOOA).
The UKOOA report also said capital investment in 2001 was up 25
per cent to GBP 3.5 billion.
UKOOA executive officer Bev Mentzer said: "Then we were seeing the
green shoots of recovery and as we ...
Related newspaper, magazine, and trade journal articles from HighBeam Research
(Including press releases, facts, information, and biographies)
 "Daily Record (Glasgow, Scotland)")
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NORTH SEA OIL IN CRISIS.(News)
Newspaper article from: Daily Record (Glasgow, Scotland)
; The North Sea oil industry...makes developing new fields uneconomic. A...companies to open up new fields to safeguard the North Sea for another 30...Mr Wils said new fields waiting to be...could give the North Sea another 25 to...
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Oil's well for North Sea boom.(News)
Newspaper article from: Daily Record (Glasgow, Scotland)
; A new North Sea oil boom is on the way - 12 years...around pounds 10million a year as new fields come on stream. But cost-cutting...tomorrow. Kemp will reveal that with new fields coming on stream, North Sea oil output will rise to more than...January 1985. The new ...
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The big squeeze After a year of mixed fortunes for the North Sea oil and gas sector, Mike Woodcock asks where the industry goes from here
Newspaper article from: The Sunday Herald
; ...sumptuous setting to celebrate the North Sea oil and gas industry, far removed...the monolithic structure of the North Sea industry, dominated by a clutch...remove the shackles from the North Sea oil and gas industry in the form...producing a huge disincentive to North ...
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Oil majors Shell and Exxon in new North Sea sell-offs ; In brief
Newspaper article from: Evening Standard - London
; ...facilities in one of the biggest recent sell-offs of North Sea assets. The sales which across a number of fields account...of oil or gas equivalent per day, around 20% of the North Sea's daily production are likely to raise substantial amounts...Venture Production, which lifts oil and gas solely ...
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25 more years of oil from North Sea.
Magazine article from: Energy Report
; The North Sea will continue as an oil and...Over the next 15 years, 80 new fields are likely to be developed...more than one million b/d. North Sea oil began to flow 20 years...the central and northern North Sea areas. Around 90 fields are...offshore oil industry in the ...
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News Analysis: pounds 24m-a-day Shell profit fuels petrol price row As the North Sea giants cash in on surging oil prices, is it time to tap more tax from upstream profits?
Newspaper article from: The Independent - London
; ...simple question: Are the North Sea oil companies being...launched a review of North Sea taxes. Mr Brown received...levying more tax on North Sea operators are very...Revenue Tax on all new fields in 1993 and cut PRT...against increasing North Sea taxation ...
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BP seeks its extra dimension; Hologram effects may be the stuff of films, but Kenny Kemp discovers how it is set to transform the North Sea oil business
Newspaper article from: The Sunday Herald
; ...out the last of the North Sea's oil reserves. BP...environment of the North Sea has immense applications...getting away from the North Sea's maturity, which...while BP is looking at new fields in the Gulf of Mexico...expensive to open new fields, so they ...
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North Sea drop. (oil output) (Energy Jottings)
Magazine article from: Energy Report
; North Sea drop - North Sea off output dropped 7.3% recently as seasonal maintenance programmes reduced production, according...was still 20% higher than the same period a year ago, helped by the start of production from four new fields.
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New deal to aid North Sea transfers
Newspaper article from: The Scotsman
; THE North Sea's pan-industry trade body yesterday announced the development of a new framework agreement governing the future decommissioning of North Sea installations which it is hoped...officially launch the industry's new decommissioning cost provision...involved in the development ...
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North Sea production at five-year peak. (oil production)
Magazine article from: Energy Report
; North Sea oil production has reached its highest level for more than...10% to 2.24m b/d, says the Royal Bank of Scotland in its North Sea analysis. Further rises in gas production meant total oil...by a seasonal 40%, helped by the first supplies from two new fields. North ...
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