Historical oil production in the U.S. lower 48 states approximates a bell-shaped curve with peak production occurring in 1971 and a decline after the peak of 2012; Aditya Chakrabortty, “Dude, Where's My North Sea Oil Money?” Guardian, 13 Jan. 2014. 4 Humphreys, Macartan, Sachs, Jeffrey D. 21 Nov 2019 “For those in the U.K. and those producing oil in the U.K. North Sea, the Ultimately, the story of Brexit is that the more things change, the more 3 Sep 2018 UK Treasury's Transferable Tax History plans be an unprecedented tax break allowing the tax histories of North Sea oil and gas assets to be The oil and gas occurrences in the central and northern North Sea are tied to ZEIGLER, W.H., 1975 Outline of the geological history of the North Sea; 16 Jan 2013 This inaugural finding of the first commercialised North Sea oil well has been recognised as a seminal moment in Scotland's industrial history. 21 Apr 2016 The North Sea is a mature oil and gas province. including during the last decade, when the area was perceived as “slipping into history.
28 Mar 2014 Preface. 1. Initial Legislation and Licensing. 2. The Early North Sea Boundary Issues. 3. What Role for the State? 4. The First Gas Contracts. 5.
1971 In July, Shell discovered the Brent oil field in the East Shetland Basin. 1977 In July, British Petroleum made a significant discovery at Clair in very deep water in the West Shetland Basin. The southern North Sea gasfields were in relatively shallow water and as previously noted the technology for their development was already available. North Sea oil begins to flow – archive, 1975 3 November 1975 The Forties Field, inaugurated by the Queen today, is the largest oilfield so far discovered in the British sector of the North Sea The Official History of North Sea Oil and Gas will be of interest to students of North Sea oil and gas, energy economics, business history, and British politics, as well as to petroleum professionals and policymakers. Alex Kemp is Professor of Petroleum Economics and Director, Aberdeen Centre for Research in Energy Economics In the late 1950s, very few people believed that the Norwegian continental shelf (NCS) might conceal rich oil and gas deposits. However, the discovery of gas at Groningen in the Netherlands in 1959 caused people to revise their thinking on the petroleum potential of the North Sea. The first fields to be developed were in the North Sea, and the industry has gradually expanded northwards into the Norwegian Sea and the Barents Sea. At the end of the 1950s, very few people believed that there were rich oil and gas deposits to be discovered on the Norwegian continental shelf.
5 Oct 2015 The U.K. and Norway oil and gas sectors provide an ideal geology and a similar resource base – the North Sea Basin is effectively split down the middle between them. The official history of privatization Vol 1 1970-1987.
21 Nov 2019 “For those in the U.K. and those producing oil in the U.K. North Sea, the Ultimately, the story of Brexit is that the more things change, the more
2 Sep 2018 The Treasury last year estimated the transferable tax history scheme will increase the overall tax take from the North Sea by £70m by extending
Commercial extraction of oil on the shores of the North Sea dates back to 1851, when James Young retorted oil from torbanite (boghead coal, or oil shale) mined in the Midland Valley of Scotland. On 6th March 1967, the first North Sea natural gas, from the West Sole Field, was brought ashore at the Easington Gas Terminal in Yorkshire. Discoveries of oil grew in number as more companies, British, European and American, took out leases on sectors of the North Sea. By the mid-1980s there were over one hundred installations. Through extraordinary technological innovation and human effort – and sacrifice – millions of barrels were being produced every day. Some 40 billion barrels of oil equivalent were milked from the North Sea between the 1960s and the opening decades of the 21st century. The oil majors were awash with cash – and grossly inefficient in how they spent it. Efficiency is measured in unit operating costs, which means total costs divided by the barrels of oil equivalent produced.
The dominant voices on both sides of the #indyref debate have focused on total reserves left on the UK Continental Shelf, and on the potential for an oil fund. But
North Sea oil workers have gone on strike for the first time in a generation. Look back on its history since the 1960s. The history of North Sea oil is a fascinating one that has led to a whole industry of offshore drilling that was never thought possible 100 years ago. As a quality supplier of the winches and hoists that are so essential to these industries, we’re extremely interested in how North Sea oil turbocharged the UK’s prospects. 1971 In July, Shell discovered the Brent oil field in the East Shetland Basin. 1977 In July, British Petroleum made a significant discovery at Clair in very deep water in the West Shetland Basin. The southern North Sea gasfields were in relatively shallow water and as previously noted the technology for their development was already available. North Sea oil begins to flow – archive, 1975 3 November 1975 The Forties Field, inaugurated by the Queen today, is the largest oilfield so far discovered in the British sector of the North Sea The Official History of North Sea Oil and Gas will be of interest to students of North Sea oil and gas, energy economics, business history, and British politics, as well as to petroleum professionals and policymakers. Alex Kemp is Professor of Petroleum Economics and Director, Aberdeen Centre for Research in Energy Economics In the late 1950s, very few people believed that the Norwegian continental shelf (NCS) might conceal rich oil and gas deposits. However, the discovery of gas at Groningen in the Netherlands in 1959 caused people to revise their thinking on the petroleum potential of the North Sea. The first fields to be developed were in the North Sea, and the industry has gradually expanded northwards into the Norwegian Sea and the Barents Sea. At the end of the 1950s, very few people believed that there were rich oil and gas deposits to be discovered on the Norwegian continental shelf.