UK Needs to Explore for New North Sea Oil & Gas
to figures from the Department of Energy & Climate Change (DECC), continuing a steep downward trend. Exploration over the past three years has been at its lowest in the history of the UK Continental Shelf (UKCS) and in 2013 replaced just 80 million barrels. Oil & Gas UK chief executive, Malcolm Webb, reflects widespread concern on exploration: “Even if currently planned wells proceed, the rate of drilling is still too low to recover even a fraction of the estimated 6-9 billion barrels yet to be found. Britain’s waters contain an abundance of oil and gas yet to be found and it
Britain Oil Review: New Regulator Needed to Lift Output
remote areas could benefit companies who specialise in that area such as Seadrill, Noble or Rowan, experts in oil and gas exploration work. "We strongly welcome the proposal for a new arm's length regulator with additional powers and resources...The report is a game changer," said Malcolm Webb, chief executive of Oil & Gas UK, Britain's fossil fuel industry lobby group. (Additional reporting by Stephen Eisenhammer and Sarah Young; Editing by Louise Ireland)  
Deadline for Offshore Achievement Awards Approaches
KCA Deutag Drilling. Graham received the Young Professional accolade for demonstrating an exceptionally proactive approach to his work, developing a number of initiatives which have been implemented across the company and playing a major role in mentoring new graduates joining KCA Deutag Drilling. Malcolm Webb, chief executive of Oil & Gas UK, received the Significant Achievement Award in recognition of decades of work with UK government and industry bodies to establish the long-term future of the oil and gas sector. Johannah Bisset, founder and managing director of WEB Rigging Services and winner
Offshore Achievement Awards Open for Entries
to recognize excellence in the industry – by an inspirational leader of a team or organization; and in the ever important area of environmental performance. Winners at the 2013 awards ceremony included Graham Skinner of KCA Deutag Drilling, who picked up the trophy for Young Professional. Malcolm Webb, chief executive of Oil & Gas UK, received the Significant Achievement Award whilst the Great Large Company was awarded to Axis Well Technology. The awards are now open for entries from U.K.-registered companies operating within the renewables or the oil and gas industry. The 2014 Offshore
Senergy, University of Aberdeen Collaborate for Petrophysics Program
as a modular program to allow a flexible approach for people wishing to combine studies with their work. One of the key objectives in the design of the program is to address the shortfall of practitioners in the industry, who can do the job as well as understand the science and the techniques. Malcolm Webb, chief executive of Oil and Gas U.K., who officially launched the course at the University of Aberdeen, said, “Petrophysicists perform a crucial role in the oil and gas industry therefore it is essential that we continue to provide an entry route and indeed a development route for this vital
UK Offshore Oil & Gas Sector: Investment Hits 30-year High
totalling almost £100 billion are now in companies’ plans. The prospect of investment on such a scale highlights the potential for the UK’s offshore oil and gas sector to boost economic activity and contribute to the country’s prosperity for many years to come. Malcolm Webb, Oil & Gas UK’s chief executive, said: "Here is some really good news for the UK. After two disappointing years brought about by tax uncertainty and consequent low investment, the UK continental shelf (UKCS) is now benefitting from record investment in new developments and in