• Upstream
  • Pipelines & Transport
  • Downstream
Thursday, September 11, 2025
Oil&Gas Advancement
  • Home
  • News
    110 Megawatt Heavy Duty Gas Turbine

    China Rolls Out 110-Megawatt Heavy-Duty Gas Turbine

    Power of Siberia 2 Pipeline Deal

    Russia-China Power of Siberia 2 Pipeline Deal: A New Horizon

    OPEC to Boost Oil Output

    OPEC+ To Boost Oil Output in October Amid Market Push

    US Calls on Europe to Block Russian Oil, Gas for Tougher Sanctions

    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    Develop Fields as Tiebacks

    UK May Develop Fields as Tiebacks for Oil & Gas Exploration

    China Russia Gas Pipeline

    China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

    Live Transmission System to Transport Hydrogen

    SGN Uses Live Transmission System to Transport Hydrogen

    Egypt commits 400m investment

    Egypt Commits $400m Investment to Build a Gas Pipeline

  • Projects
    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

    Yellowtail Field Project

    Saipem Completes Construction of Yellowtail Field Project

    Venture Capital Makes Phenomenal US LNG Investment

    Venture Capital Makes Phenomenal US LNG Investment

    Mabadala Energy Invests in US Natural Gas Market Expansion

    Mabadala Energy Invests in US Natural Gas Market Expansion

    SEWA Implements Natural Gas Network Connection in the UAE

    SEWA Implements Natural Gas Network Connection in the UAE

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

    Adnoc Gas Expands LNG Supply to India for Decarbonisation

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Market Reports

UK operators skeptical on ‘regime change,’ survey finds

in Market Reports
Share on FacebookShare on Twitter

Companies operating in the UK North Sea need to adapt to make the most of the sector’s potential, according to a new report from Deloitte.

 

The report “Making the Most of the UKCS” is based on 23 interviews with senior oil and gas executives and investors from 18 organizations between June and October 2014.

 

Deloitte sought their reaction to Sir Ian Wood’s Maximising Recovery Review. In general, the respondents supported the recent appointment of a new regulator to work with the government and industry.

 

They also wanted Britain’s HM Treasury to formulate a stable, simple, and internationally competitive fiscal regime reflecting the diverse needs across the UK continental shelf (UKCS); and closer collaboration between companies to help drive efficiency and cut costs related to extraction, with tax incentives and potentially new ownership models to encourage sharing of North Sea infrastructure.

 

The report also found that drilling activity on the UKCS needs to double to more than 90 wells annually over the next two decades to capitalize on the remaining oil and gas reserves, which have a potential value of $1.3 trillion.

 

Derek Henderson, senior partner in Deloitte’s Aberdeen office, said: “Only about a third of the known recoverable resources in the UKCS are left. The ‘easy oil’ days are gone and we need a fiscal regime that is more reflective of the current state of the basin. Companies are looking for a tax system which is simple to navigate, stable over the longer-term, incentivizes investment, and is competitive by international standards.”

 

Geoff Gibbons, oil and gas consulting partner at Deloitte, added that the industry could not afford to sit and wait for the new regulator to drive change. Respondents pointed out that many of the measures required have been known for some time and there is skepticism that real change will follow.

 

However, “if the industry can achieve all of the steps outlined by the Wood Review in time,” Gibbons said, “this shift could help make the most of the remaining resource on the UKCS through maximizing volumes, economic extraction and eventually effective decommissioning.”

Previous Post

Gas reserves increase at Aphrodite offshore Cyprus

Next Post

Iran re-examines potential of Sepand gas field

Related Posts

AI Technology Maturing the Oil and Gas Workforce
Market Reports

AI & Technology Maturing the Oil and Gas Workforce

July 19, 2025
HDPE Market in Oil and Gas
Asia Pacific

HDPE Market in Oil and Gas: Trends and Global Forecast

May 26, 2025
Market Reports

Top 5 Oil and Gas Sector Trends that are Active in 2025

May 17, 2025
Oil-and-Gas-Analytics
Downstream

Oil and Gas Analytics Market Growth Trends and Forecast

March 31, 2025
Gas-Transportation
Market Reports

Transport Capacity – Key to Gas Sector Growth in India

March 31, 2025
Offshore-Drilling
Africa

Namibia Showcases its Offshore Drilling Activities

March 27, 2025
Next Post

Iran re-examines potential of Sepand gas field

LatestNews

Power of Siberia 2 Pipeline Deal
Gases

Russia-China Power of Siberia 2 Pipeline Deal: A New Horizon

September 11, 2025
OPEC to Boost Oil Output
News

OPEC+ To Boost Oil Output in October Amid Market Push

September 11, 2025
America

US Calls on Europe to Block Russian Oil, Gas for Tougher Sanctions

September 10, 2025
Production Sharing Contract of Nigeria
Gases

Production-Sharing Contract of Nigeria with TotalEnergies

September 8, 2025
Develop Fields as Tiebacks
News

UK May Develop Fields as Tiebacks for Oil & Gas Exploration

September 8, 2025
China Russia Gas Pipeline
Gases

China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties

September 8, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.