Discoveries of oil grew in number as more companies, British, European and American, took out leases on sectors of the North Sea. By the mid-1980s there were over one hundred installations. Through extraordinary technological innovation and human effort – and sacrifice – millions of barrels were being produced every day. The North Sea oil industry has made a good recovery from the 2014 crash. But this recovery has all the hallmarks of being temporary. Oil and gas production grew by a solid 5% in 2018, but low levels of drilling mean the outlook for future years is “much more uncertain”, according to the trade industry body, Oil and Gas UK.

Nov 23, 2018 BP starts production at massive North Sea oil development Trump touts ' biggest stock market rise in history yesterday,' but many investors  Feb 4, 2019 The offshore oil and gas industry is central to Scotland and the UK's economy and coast of Scotland; North Sea oil and gas exploration and production an interest in a UKCS oil licence to transfer some of its tax history to. Jan 30, 2019 Drilling revealed gas reserves equivalent to 250 million barrels of oil, which could go a 'We need to be really clear about this – if these companies were to exploit this announced the discovery of the biggest gas field in the North Sea for more than a decade. Sharing the full story, not just the headlines. May 23, 2018 North Sea Brent Crude is a light sweet blend of crude oil whose price serves as a Benchmark crude oil serves as an investment tool for the industry in setting a point to act as a standard History of North Sea Area Crude Oil. Mar 26, 2018 An exhibition delving into the history of the North Sea oil and gas industry has opened at a north-east university. Artist Sue Jane Taylor's The  Feb 11, 2019 DNO's unusual North Sea history makes it challenging to extrapolate "We have seen these relatively smaller companies trying to bite off included its share in the relatively modern Buzzard oil field alongside older assets. Commercial extraction of oil on the shores of the North Sea dates back to 1851, when James Young retorted oil from torbanite (boghead coal, or oil shale) mined in the Midland Valley of Scotland.

North Sea oil and gas exploitation has had a major impact on the UK history of the North Sea, the number of new field development applications to the 

By the late 1990s, Norway and the United Kingdom together accounted for almost 9 percent of global oil production. In the past decade, the North Sea began a new phase. Oil output peaked and entered (until 2015) a period of long-term decline, driven by the maturing of many of the major fields and the lack of significant new discoveries. The first fields to be developed were in the North Sea, and the industry has gradually expanded northwards into the Norwegian Sea and the Barents Sea. At the end of the 1950s, very few people believed that there were rich oil and gas deposits to be discovered on the Norwegian continental shelf. Set against the backdrop of the Wood Review and “lower for longer” oil prices, the North Sea oil and gas industry is undergoing a significant period of change. And as the pressures to transition to a lower carbon world mount following the COP21 initiative, this may suggest the basin’s days are numbered. The future of North Sea oil is one of the key campaign battlegrounds ahead of the Scottish independence referendum. Since the first licences were issued for the extraction of oil and gas from the North Sea oil begins to flow – archive, 1975 3 November 1975 The Forties Field, inaugurated by the Queen today, is the largest oilfield so far discovered in the British sector of the North Sea Aberdeen, city and historic royal burgh (town) astride the Rivers Dee and Don on Scotland’s North Sea coast. Aberdeen is a busy seaport, the British centre of the North Sea oil industry, and the commercial capital of northeastern Scotland. Aberdeen’s primary industries were once fishing, textiles, shipbuilding, and papermaking.

Sep 26, 2019 While the sale would end Exxon's 125-year, oil-and-gas producing history in Norway, Exxon Mobil will still keep its Norway oil refinery and its 

Series combining archive footage and eye-witness accounts to tell the story of North Sea oil and gas from the 1960s to the present, offering a fresh perspective   Nov 6, 2019 In November last year, the UK Government introduced Transferable Tax History ( TTH), a mechanism to ease the sale and acquisition of oil and  Dec 23, 2019 The North Sea oil industry has been in transition for some years The availability of the Transfer of Tax History facility gives encouragement to  2012; Aditya Chakrabortty, “Dude, Where's My North Sea Oil Money?” Guardian, 13 Jan. 2014. 4 Humphreys, Macartan, Sachs, Jeffrey D. Jul 17, 2019 The U.S. oil boom changed the petroleum industry forever. Now its philosophy is being adopted by conventional producers in the North Sea. Apr 23, 2014 It provides a summary of key statistics at a pivotal moment in the economic history of the industry, when both record investment levels and. Sea has been producing oil and gas oil prices, the North Sea oil and gas industry is undergoing a significant story – many respondents who replied.

By the late 1990s, Norway and the United Kingdom together accounted for almost 9 percent of global oil production. In the past decade, the North Sea began a new phase. Oil output peaked and entered (until 2015) a period of long-term decline, driven by the maturing of many of the major fields and the lack of significant new discoveries.

North Sea oil begins to flow – archive, 1975 3 November 1975 The Forties Field, inaugurated by the Queen today, is the largest oilfield so far discovered in the British sector of the North Sea

The first fields to be developed were in the North Sea, and the industry has gradually expanded northwards into the Norwegian Sea and the Barents Sea. At the end of the 1950s, very few people believed that there were rich oil and gas deposits to be discovered on the Norwegian continental shelf.

The first fields to be developed were in the North Sea, and the industry has gradually expanded northwards into the Norwegian Sea and the Barents Sea. At the end of the 1950s, very few people believed that there were rich oil and gas deposits to be discovered on the Norwegian continental shelf. Set against the backdrop of the Wood Review and “lower for longer” oil prices, the North Sea oil and gas industry is undergoing a significant period of change. And as the pressures to transition to a lower carbon world mount following the COP21 initiative, this may suggest the basin’s days are numbered. The future of North Sea oil is one of the key campaign battlegrounds ahead of the Scottish independence referendum. Since the first licences were issued for the extraction of oil and gas from the North Sea oil begins to flow – archive, 1975 3 November 1975 The Forties Field, inaugurated by the Queen today, is the largest oilfield so far discovered in the British sector of the North Sea Aberdeen, city and historic royal burgh (town) astride the Rivers Dee and Don on Scotland’s North Sea coast. Aberdeen is a busy seaport, the British centre of the North Sea oil industry, and the commercial capital of northeastern Scotland. Aberdeen’s primary industries were once fishing, textiles, shipbuilding, and papermaking. The first fields to be developed were in the North Sea, and the industry has gradually expanded northwards into the Norwegian Sea and the Barents Sea. At the end of the 1950s, very few people believed that there were rich oil and gas deposits to be discovered on the Norwegian continental shelf.

Apr 23, 2014 It provides a summary of key statistics at a pivotal moment in the economic history of the industry, when both record investment levels and. Sea has been producing oil and gas oil prices, the North Sea oil and gas industry is undergoing a significant story – many respondents who replied. May 21, 2019 If the UK is to play its part in the fight against climate change, the North Sea oil and gas industry has between ten and 15 years left, writes Dr  May 27, 2019 The North Sea is no stranger to industrial action, with strikes becoming Umar Ali explores the biggest North Sea strikes throughout history. Act covered oil and gas workers onshore, offshore workers were not offered the  May 1990, the Norwegian Oil Industry Assn., Oljeindustriens Landsforening ( OLF), commissioned a survey of chemical use in E&P activities in the North Sea. The history of oil is a story of breaking barriers—and world records. It is by far the largest ever gas find in the North Sea, and is also one of the world's largest