UK is losing ‘essential’ net zero supply chain to foreign projects
Almost half of firms say UK green energy roles will never fully replace lost oil and gas jobs.
Johnston Carmichael
Energy transactions help to drive a record year of deals for Johnston Carmichael’s corporate finance team
Energy transactions helped to drive a record year of deals for Johnston Carmichael’s corporate finance team. M&A activity in the sector accounted for about a third of the team’s £600m-plus of deals in the financial year ending 31 May 2023.
Firms must get ready for sustainability legislation
If anyone was in any doubt that the lack of a coherent and long-term energy strategy is thwarting our net-zero ambitions, the events and news in recent months, have brought this into sharp focus.
Administrators called in for Edinburgh tidal firm
Tidal developer Sustainable Marine Energy (SME) has been placed into administration, driven in part by the failure of its Canadian arm earlier this year.
ESG: delivering ‘proper and measurable stewardship’
Climate change and energy transition, shifting from a linear to a circular economy, rising inequality, balancing economic needs with those of society – these are the unprecedented global challenges we all face. Investors, banks, regulators, as well as consumers and employees, are scrutinising businesses like never before and demanding that we address these challenges.
Reversal of ‘onerous’ IR35 laws will ‘unlock potential’ of contractors
Employment and tax experts have roundly hailed the Chancellor’s shock pledge to scrap contentious IR35 reforms.
PM’s plan needs to do more to decouple gas from electricity prices
Liz Truss’ energy plan is a “sticking plaster”, an expert has said, with more focus needed to decouple gas from electricity generation prices.
Choppy waters ahead for oilfield service businesses as the windfall tax creates uncertainty
Legislation for the energy profits levy passed through the House of Commons recently to the dismay of many in the industry.
Core29 appoints new managing director to lead business
Aberdeen-based IT and project management consultancy Core29 has appointed a new managing director.
HMRC to go after ‘low hanging fruit’ in oil and gas sector as end of IR35 ‘soft landing’ period looms
Oil and gas firms that are not IR35 compliant could soon be hit with “penalty charges” as the ‘soft landing’ period wraps up.
Analyst – Buoyant oil prices a ‘compelling driver’ to tackle maintenance backlog
Higher oil prices may act as a “compelling driver” for North Sea operators to face up to their maintenance and operational backlogs.
‘The sheer scale of disruption has surprised many’ – IR35 reforms six months on
The “sheer scale of disruption” sparked by changes to IR35 rules have surpassed expectations, an employment expert has said.
Johnston Carmichael forms new team to support energy transition
Business advisory and accountancy firm Johnston Carmichael has a created a new expert team focussed on the energy transition.
Fit for the future? It’s time the oil and gas industry had a tax health check
To say that the oil and gas industry has had a lot to contend with over the past year would be putting it lightly.
Johnston Carmichael lends support to green port in Cromarty Firth
A bid to create a freeport in the Cromarty Firth is being backed by accountants and business advisers Johnston Carmichael.
Three60 Energy bags multi-million pound funding package
Bosses at Three60 Energy are looking to target asset operators “across the globe” after a positive and prosperous last few months.
‘Important milestone’ as controversial IR35 tax rules come into effect
New IR35 tax rules impacting thousands of workers across the oil and gas industry and beyond come into effect today.
Be brave and place some bets
There’s a general view that we should consign the year gone by to history. In oil and gas, and the wider energy industry, 2020 can more accurately be viewed as another challenging time for a sector accustomed to being beleaguered.
New finance boss for MRDS
Drilling services firm MRDS Group, of Aberdeen, has hired a former Clydesdale Bank area director as its new finance chief.
IR35 delay hopes ‘fanciful’ warn employment experts
Employment experts have warned that hopes of a further IR35 delay are “fanciful”, despite months more of Covid lockdown measures coming.
Government launches review of controversial IR35 tax rules
A government review has been launched into new tax rules expected to hit thousands of contractors across the oil and gas industry.
Energy transition influence on M&A strategies grows
Climate change and the target of achieving net zero carbon emissions by 2035 is having a significant impact on the energy sector, and that trend will continue for the foreseeable future.
Energy Institute young professionals dinner attracts more than 200 people
More than 220 people gathered in Aberdeen for an event celebrating and rewarding the energy sector’s best young talent.
Treasury ‘committed’ to April IR35 changes despite election and delayed budget
The Treasury has said it “remains committed” to changes to contractor pay rules by April, despite a delayed budget and the upcoming general election.
MSIS acquired in pre-pack deal, 88 jobs saved
Eighty-eight north and north-east jobs have been saved after industrial cleaning and environmental-waste management specialist MSIS plunged into administration and was swiftly acquired by a local rival.