As the country’s referendum on independence nears, polls show Scots remain divided on the issue.
The overriding topic for discussion at ONS 2014 was cost reduction.
N-56 report said industry and government must develop a plan that is pragmatic, has a global focus and is designed to capitalize on Scotland’s natural advantages.
Other barriers also must be overcome to reach commercial production, analysts say.
San Leon Energy plans to drill a horizontal well that, if successful, could lead to commercial production.
GDF Suez E&P UK Ltd. and BP have made a new exploration discovery in the U.K. Central North Sea.
Marathon Oil Corp. has closed the transaction with Det norske oljeselskap ASA for the sale of Marathon Oil Norge AS for a total transaction value of $2.7 billion.
Exploration well 7220/11-1 on the Alta prospect in the Barents Sea has been completed and has encountered both oil and gas.
Serinus Energy has entered a contract with Tacrom Drilling SRL, which will provide its Rig #3 for the upcoming two well drilling program in the Satu Mare license in northwest Romania, according to a news release.
Malcolm Webb, chief executive for Oil & Gas UK, intends to retire next year, the trade association said in a news release.
Wood Group Kenny has been awarded the FEED contract for the subsea and pipeline element of the Peterhead Carbon Capture and Storage project in Aberdeenshire, Scotland.
FMC Technologies Inc. has received an order from Total to supply subsea systems for its Edradour and Glenlivet fields offshore in the West of Shetland area.
Maersk, operator of the Culzean development in the North Sea, has awarded a contract for the engineering, procurement and construction of the project’s WHP jacket to Heerema Hartlepool Ltd.