While support for new North Sea oil and gas has been welcomed, the energy sector has called for a drop in windfall taxes and greater incentives for low-carbon investment ahead of the Chancellor’s impending budget.
Aberdeen and Grampian Chamber of Commerce has called for a new body independent of government to be set up to oversee UK energy security and the transition to net zero.
The long-awaited return of Offshore Europe is not just impacting energy firms, local business experts say the event will bring "more than £50 million" to the Granite City.
Following an ‘OilyFans’ billboard sting in July, Don’t Panic is pitching a multi-thousand-pound online hit campaign, complete with a stunt film and deepfakes of oil bosses.
A crunch on the ability of firms to find skills for oil and gas and renewable energy are a “significant threat,” Aberdeen business leaders have warned.
Aberdeen’s status as a global energy capital is at risk, a key industry report has warned, as confidence in the UK North Sea is now near a “record low”.
Aberdeen business leaders called for a revised city region deal and for the UK’s energy department to be moved to the north east, in a series of asks ahead of the Chancellor’s Spring Budget on Wednesday.
With an increase in the tax imposed on North Sea oil and gas is considered “inevitable”, a speaker at a business event in Aberdeen called for the north-east region to be recompensed with a green free port to ensure jobs are retained and the transition to low carbon energy is achieved.
Political instability has been flagged by the UK energy sector as the biggest obstacle to companies transitioning to net zero, according to a new report.
Chancellor Jeremy Hunt is considering an expansion of the North Sea windfall tax - despite figures showing a near-700% increase in payments over the last year.