Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Safety is attractive, British offshore group says
by Daniel J. Graeber
London (UPI) Aug 1, 2016


disclaimer: image is for illustration purposes only

A struggling British offshore oil and natural gas sector held out its safety record as a critically important feature in the post-Brexit era.

"Safety critical maintenance has been -- and will remain -- a focus for industry," Mick Borwell, health, safety and environment policy director at industry group Oil and Gas U.K., said in a written statement Monday.

The group said earlier this year that exploration activity in the North Sea is at an all-time low and there are no signs of improvement. Less than $1.4 billion in spending on new projects is expected in 2016, compared with an average of around $7 billion in the last five years.

The group's chief executive, Deirdre Michie, said North Sea oil and gas fields are entering a phase of "super maturity," and while the opportunity for recovery exists, lower crude oil prices are adding insult to injury.

After the June referendum to leave the European Union, the industry body said there are very real difficulties ahead for the industry. Investment levels are a concern for the North Sea oil and gas sector as exploration and production activity dwindles in an era when the British economic future is uncertain and crude oil prices are low.

The price for Brent crude oil, the global benchmark based on North Sea oil, is down more than 11 percent since the June vote.

Oil & Gas. U.K. reported safety across the entire British continental shelf was improving with no fatalities, lower injuries and fewer releases than in past years.

"This is a testing time for the industry," Borwell said. "However, our report demonstrates that safe operations continue to be intrinsic to how we go about our activities on the U.K. Continental Shelf, regardless of the oil price."


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Attacks on Iraq gas facility, oil field kill five
Kirkuk, Iraq (AFP) July 31, 2016
Militants assaulted a gas facility and a nearby oil field in north Iraq on Sunday, killing five people in rare attacks inside Kurdish-controlled areas of Kirkuk province, officials said. Gunmen travelling on motorbikes opened fire on the gas facility's guards, then killed four of its employees and planted multiple bombs before escaping, officials from Iraq's North Oil Company and the Kurdish ... read more


OIL AND GAS
Carbon-financed cookstove fails to deliver hoped-for benefits in the field

Sweden's 100 percent carbon-free emissions challenge

Norway MPs vote to go carbon neutral by 2030

Algorithm could help detect and reduce power grid faults

OIL AND GAS
Longer-lasting silicon-air battery breaks 1,000-hour ceiling

Europe backing 'limitless' energy project in France

Garnet-type fast ionic conductor for all-solid-state lithium battery

New catalyst for hydrogen production

OIL AND GAS
Biological wizardry ferments carbon monoxide into biofuel

Scientists harness CO2 to consolidate biofuel production process

Can palm oil be sustainable

Scientists unlock 'green' energy from garden grass

OIL AND GAS
Rosatom Plans to Develop 3D Printing for Nuclear Industry

UK nuclear project delay is 'bonkers': trade union

France's EDF faces crunch vote on British nuclear plan

France's EDF backs nuclear plan but UK delays

OIL AND GAS
Stanford researchers reveal cost-effective path to drought resiliency

Historical Records Miss a Fifth of Global Warming

Scientists find evidence of planetary carbon release valve

Philippines reviewing 'crazy' climate pledges: Duterte

OIL AND GAS
VW gets preliminary approval for US emissions settlement

Tesla on Autopilot was speeding before fatal crash: probe

China legalises ridesharing services

Peugeot-Citroen doubles net profit, eyes China growth

OIL AND GAS
Suicide bomber kills 10 north of Baghdad: officials

IS suicide bomber kills 12 at Iraq checkpoint

IS suicide bomber kills at least 15 in Baghdad

Iraq PM seeks to speed up death penalty implementation

OIL AND GAS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.