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.
Aberdeen and Grampian Chamber of Commerce (AGCC)
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.
‘Today, it jars’: Over 40% of Aberdeen oil firms have not signed up to net zero targets, finds survey
A significant percentage of oil and gas firms in the Aberdeen area are yet to sign up to net zero targets, according to a new survey from the chamber of commerce and accountancy firm KPMG.
Some of the energy industry’s biggest names are calling on the UK Government to make Scotland part of its initial carbon capture and storage (CCS) plans.
Offshore Europe organisers pushing on with event, say it’s unlikely to be derailed by use of P&J Live as vaccination centre
The north-east has been dealt a significant boost after organisers of a huge oil and gas conference confirmed it is still on track to go ahead as planned later this year.
It’s hoped commitments to put energy transition “at the heart” of economic recovery plans could go some way to reversing negative trends in the oil and gas industry.
Around a fifth of North Sea oil and gas contractors have warned they expect to make further job cuts in 2021 as they continue to deal with ongoing turmoil in the sector.
Chrysaor, the UK’s largest offshore oil and gas producer, is mulling plans for electrification of its North Sea platforms.
Oil and Gas UK (OGUK) has urged the UK Government to be “mindful” of any additional costs to the sector as it plans new Brexit customs charges.
Aberdeen’s importance as a global oil hub may reduce as firms take steps to protect against multiple waves of Covid-19, according to an energy consultancy.