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The last several months have witnessed some astonishing developments in the world oil market. The coronavirus problem has reduced world oil demand substantially, with guesstimates of 20% to 40% for [...]

Petroleum and gas production in the UK's continental shelf is expected to remain strong from 1996 to the year 2001. Petroleum activity is expected to grow from 2.7 million bpd in 1996 to as much as 2.8 million bpd in 1999 while gas production is expected to increase from 2.5 Tcf in 1996 to 4.2 Tcf in 2001. Beyond the year 2000, however, future activity in the region will be heavily dependent on pricing trends. A discussion of the predictions for oil and gas activity in the Southern Gas basin, Central North Sea, Northern North Sea, West-of-Shetlands and the Irish Sea is presented., A study of potential UKCS activity levels from 1996 through 2010 shows that oil and gas production from committed field projects will fall off sharply after 2000. Stable prices are [...]

SADDAM HUSSEIN'S INVASION and subsequent occupation of Kuwait theoretically have plunged the U.S. and much of the world into 'Energy Crisis III.' This is exactly the type of consensus fear [...]

Activity levels on the UK Continental Shelf (UKCS) are falling from their recent high levels. This applies to exploration, appraisal, and new field development work, as measured by industry expenditures. [...]

UK prospects look good well into 21st century Results of post-Gulf War analysis indicate high levels of development activity and sustained oil and gas production on the UKCS The operating [...]

The year 1999 has generally been broadly defined as difficult for the UK oil and gas industry. Exploration and development activities have fallen substantially compared to 1998. For the first [...]

The UK government's policies toward the petroleum industry produced uncertainties and decreased the exploration activities at the UK Continental Shelf. The continued collapse of oil prices affected the tax changes considered by the government although the success of the Cost Reduction in the New Era initiative reduced production costs and increased profitability and taxable capacity. Also, the government's 'Review of Energy Sources for Power Generation' and the treaty between UK and Norway negatively affected the gas industry., Although the uncertainty of the Labour government's fiscal review has been eliminated in the short term, other market and regulatory concerns persist. Operating conditions on the UKCS remain difficult during [...]

In some respects, events on the UK Continental Shelf (UKCS) in 2004 have followed earlier predictions. But in others, the outcome has been quite different from what could reasonably have [...]

The article reflect the statement of oil and gas industry leaders including Douglas Nester that Shale gas and tight oil development set the stage for growth and sustainability in the petroleum industry; global demand for energy and stakeholder expectations for a lower-carbon future have never been higher; and the use of remote monitoring and automated solutions is enabling operators to optimize key functions.

Tax proposed on North Sea oil production; possible changes in Petroleum Revenue Tax.

Nineteen ninety eight proved to be a difficult year overall for offshore oil/gas drilling contractors operating in the UK Continental Shelf (UKCS) and 1999 is expected to be more of the same. The most obvious cause is the collapse in oil prices which resulted in dramatic cash flow declines that in turn impacted activity levels. Exploration and appraisal drilling in the UKCS are have declined by over 20% in the first nine months of 1998 compared to the levels recorded in 1997., The year 1998 has turned out to be generally a difficult one in the UK Continental Shelf. The collapse in oil prices has been the most obvious cause. And the [...]

Interest in the exploration of the West of Shetlands area will remain high in 1997. The UK government plans to modify the licensing system for mature North Sea areas to provide new incentives. The gas market is also expected to receive attention in 1997 given the uncertainty in price and volume. Higher oil prices will also provide additional cash flow to the industry and extra tax revenue to the UK Treasury in 1997., The year 1996 has produced some surprises in the UK oil and gas sector. Oil production had been confidently expected to climb significantly above 1995 levels. In actuality, the increase [...]

Oil and gas production activity in the United Kingdom Continental Shelf is expected to shift into high gear in 1996. Oil production will likely reach the 1.6 million barrel per day level while gas production will exhibit even faster growth. The prices of oil and gas products are also expected to rise considerable as UK's energy demand increases., Activity levels on the UK Continental Shelf have generally been very high in 1995. Oil and gas production have both run ahead of 1994 figures, with gas achieving record levels. [...]

Business analysts have predicted mixed fortunes for petroleum operations in the UK North Sea for 1994. While general activity levels are expected to react sensitively to oil price movements, supply and demand indicators show that weak price markets will prosper for a short-term period. Since the area is still governed by high cost standards, future investments into the region will have their feasibilities dependent on high price ranges., The coming year promises to be one of mixed fortunes in the UK North Sea. Overall activity levels are clearly sensitive to oil price behavior. And fundamental supply and demand [...]

High level of North Sea activity should stay This next year will see development activity in the UK sector of the North Sea remain on a lofty plane. In fact, [...]

The article discusses the mixed outlook for oil and gas activity on the United Kingdom Continental Shelf (UKCS). Despite a decline in production and rising costs in 2023, the United Kingdom government aims to encourage exploration through annual licensing rounds. Regulatory debates focus on environmental concerns, and while oil and gas production may see a slight decline in 2024, investment in offshore wind projects is anticipated to grow substantially.