News Archive for: July 2013

The UK government has announced plans for a shale gas ‘pad’ allowance, which will see the tax on revenue that companies make from producing shale gas reduced from 62% to 30%. The plans are based on existing allowances for oil and gas production which aim to support almost £14…

EnQuest said yesterday its offshore teams on a North Sea platform had gone six years without a serious accident.

Workers on the Thistle installation 125 miles north-east of Shetland have gone more than 1.2million man hours without a lost-time incident (LTI), the oil and gas operator added.

David Heslop, EnQuest’s managing…

CAMBRIDGE, United Kingdom, Jul 11, 2013 (BUSINESS WIRE) — Sagentia Group plc has announced the acquisition of OTM Consulting Limited (“OTM”), an international technology management consultancy specializing in the oil, gas and alternative energy sectors.

Founded in 1993 by Managing Director, Chris Dudgeon, who will remain with the business as…

GE Oil & Gas is to move its global headquarters from Florence to London in January.

Chief executive Dan Heintzelman said that “London was selected as the new headquarters location given its position as a leading international business and travel hub”.

“From this location, a team of leaders from our global…

BP has signed a production sharing agreement for Block 54/11 in the deepwater Pearl River Mouth Basin with China National Offshore Oil Corporation (CNOOC).

The block covers 4,586 square kilometres in water depths from 370m to 2,300 m, and sits close to exploration blocks 43/11 and 42/05 in which BP…