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UK announces record acreage in latest offshore oil and gas licencing

January 28 - In the UK, a new round of offshore licensing aims to give a further boost to the country's offshore oil and gas industries and for the first time since 1998, also offers blocks in all areas of the UK seas for new licensing.

Heavy lift and project forwarding companies working in the offshore oil and gas industry could be among those to benefit from what the UK Government describes as a record-breaking 26th round including areas of the Continental Shelf not as yet explored, and will provide a new boost to activity in the basin.

The government also announced that the exploration of areas in the west of Scotland would also take place following the introduction of a new Frontier licence which will allow for the exploration of oil and gas resources for an extended nine year period.

The blocks offered include a number relinquished under the Government and industry's "Fallow Initiative", which stimulates activity on blocks where there had been no significant activity for three years.

Estimates suggest there are still around 20 billion barrels of oil equivalent, or possibly more, to be produced.

Heavy Lift | News

Our winners in pictures thumbnail image

Our winners in pictures

October 17 - Congratulations to all of the winners of the inaugural Heavy Lift Awards 2019!
Views: 294
Rotterdam strengthens presence in India thumbnail image

Rotterdam strengthens presence in India

October 17 - The port of Rotterdam has appointed Broekman Logistics India as its representative team in the country, as the port looks to strengthen its activities in the region.
Views: 231
Marguisa teams up with NileDutch thumbnail image

Marguisa teams up with NileDutch

October 16 - Marguisa has signed an agreement with NileDutch that will see the company’s Calabar service expanded with additional port calls in the Republic of the Congo and São Tomé and Príncipe.
Views: 513

Heavy Lift Across The World

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