The two candidates vying to become the next prime minister have been urged to listen to the voice of industry over the UK’s critical energy future.
Aberdeen and Grampian Chamber of Commerce (AGCC)
North Sea offshore operators and licensees have been paying an average of £22.1million in tax per day since the start of the year, even before the so-called windfall tax comes into force, new figures have shown.
Chancellor Rishi Sunak has said the government’s windfall tax measures are likely to fall away if oil prices sink below $70 per barrel.
The North Sea will take a £17.5 billion hit from the new windfall tax, the Aberdeen and Grampian Chamber of Commerce (AGCC) has claimed.
Rishi Sunak has announced a multibillion-pound windfall tax on oil and gas, which the industry has slammed as sending "shockwaves" on jobs, investment and communities.
A windfall tax on energy profits will send the wrong signal to investors but looks increasingly inevitable, according to a senior partner at KPMG in Aberdeen.
UK Government plans to impose a windfall tax on energy companies are expected to be brought forward and announced “as soon as Thursday”.
Aberdeen chamber report: Govt must ‘step-up and back’ energy industry transition as oil and gas demand grows
A business group has renewed demands that government must put support behind low carbon projects in the north east that will "shift the dial" as concerns have been raised that confidence in key low carbon technologies such as carbon capture and storage (CCS) has faltered, a new report has found.
A windfall tax on North Sea oil and gas firms would be “economically illiterate” and could “perversely” drive up the domestic costs of energy, MPs have been told ahead of a key vote today.
North Sea oil and gas firms contributed more than £1.7 billion to the UK Government’s coffers in just 90 days, new figures have revealed.
A commitment to North Sea oil and gas while ramping up nuclear, hydrogen and offshore wind, is at the heart of a new UK strategy to protect consumers from future surges in energy bills.
Rishi Sunak has been criticised for failing to announce specific backing for key transition technologies during his Spring Statement.
New North Sea licensing this year is part of the UK Government’s “ongoing” commitment to the sector, the energy minister has said.
A project that promises to deliver thousands of north-east jobs as well as ensure Scotland meets its net zero targets will happen “as soon as practical”, despite losing out its first bid for UK Government funding last year.
Aberdeen and Grampian Chamber of Commerce (AGCC) has said it has launched what is expected to be its "most significant" survey yet for the offshore energy sector.
Boss of Aberdeen Grampian Chamber of Commerce Russell Borthwick has welcomed news that the door has been left open for further North Sea drilling as uncertainty over gas supplies increases due to the Russia-Ukraine crisis.
Following criticism in parliament the Scottish Government has replied to a letter from Aberdeen businesses which warned against creating a “hostile investment environment” for oil and gas, but recipients say it does not guarantee new exploration.
An audience of 200 got up early to attend Aberdeen and Grampian Chamber of Commerce (AGCC)’s first business breakfast event of the year.
A project pipeline of more than 50 years in offshore wind could be secured thanks to the ScotWind seabed auction, according to a northern port.
In the latter stages of 2021, the lightning rod debate over the Cambo development has brought the role of oil and gas in our energy system into sharp focus.
The UK energy secretary has responded to a letter penned by 58 Aberdeen business leaders which called for a more “reasoned debate” on the future of oil and gas.
I read with wry amusement that some 58 of Aberdeen’s great and good have written to the First Minister Nicola Sturgeon and other political leaders asking for a “more reasoned debate” on the future of oil and gas.
Dozens of north-east business leaders have penned an open letter warning politicians against creating a “hostile investment environment” for the oil and gas sector.
Oil and gas industry body OGUK says Shell’s decision to pull out of the west of Shetland Cambo project – threatening 1,000 jobs – “doesn’t change the facts” around energy supply.
A senior climate adviser has emphasised the “really important role” Aberdeen has to play in axing the UK’s carbon emissions.