Deloitte : Investment Crucial for UKCS
The North Sea needs continued investment from businesses and government through its current period of transition, according to a new report from Deloitte, the business advisory firm. Deloitte’s Petroleum Services Group’s latest North West Europe Review, which details drilling, licensing, and deal activity across the region for the whole of 2014, follows a year of change on the United Kingdom Continental Shelf (UKCS), along with volatility in commodity prices over the last five months.
North Sea firms “Biding Time”
Oil and gas operators may be sitting on new investment decisions until the future of the North Sea becomes clearer, according to the latest report from business advisory firm Deloitte. The report, which details drilling, licensing and deal activity across North West Europe over the third quarter of 2014 and was ompiled by Deloitte’s Petroleum Services Group (PSG), found that four deals were announced offshore UK.
North Sea Drilling & Deals to Remain Lower: New Report
Drilling and deal activity on the UK Continental Shelf (UKCS) will remain at a steady low for at least the next year, suggests a new report from business advisory firm Deloitte. Poor weather and high costs have already had an impact on the amount of exploration and appraisal (E&A) work conducted by operators in the region during the first quarter. The report, which details activity across North West…
New Report: North Sea Oil Gushes, Less Interest in UK Continental Shelf
The report, detailing activity across North West Europe over the last 12 months and compiled by Deloittes Petroleum Services Group (PSG), found the number of UK fields which started production rose by 44% in 2013 (up from nine in 2012 to 13 in 2013). This figure represents the highest number since 2008, when 16 fields were brought on-stream. Of the 13 fields brought on-stream last year, 84% were eligible for tax allowances…
North Sea Q3 2013 Drilling Eased But Outlook Positive
North Sea drilling activity eased during the third quarter of 2013 following an encouraging second quarter, according to the latest report into offshore activity from Deloitte, the business advisory firm.The report, compiled by Deloitte’s petroleum services group (PSG), found that although the number of new wells drilled on the UK Continental Shelf (UKCS) fell by around one third in comparison to Q2, the outlook for the North Sea remained positive.
Optimistic Forecast for North Sea Drilling
North Sea drilling activity remains steady, with a positive forecast for the next two quarters, according to a new report into offshore activity from Deloitte, the business advisory firm. The report, compiled by Deloitte’s Petroleum Services Group (PSG) found that although the number of new wells drilled on the UK Continental Shelf (UKCS) has fallen slightly in comparison to the same period last year, the level of exploratory activity remains healthy.
