UK oil and gas companies will contribute billions more to the country’s coffers whether a windfall tax is introduced or not.
There are fears a windfall tax on the profits of oil and gas companies would deal a further blow to “investor confidence” in the UK North Sea.
The UK government is giving itself until April to find a solution to soaring gas prices since that’s when consumers would start feeling the bite of a new cap on utility bills.
Soaring gas prices caused the demise of a raft of energy suppliers in 2021 and will likely lead to a “crisis” rise in household bills next year, industry experts have warned.
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.
Westminster’s Business Secretary Kwasi Kwarteng is being urged to use his powers to address the issue of fair grid access for renewables projects.
The Qatar Investment Authority (QIA) has reached a deal with Rolls-Royce to invest in new small-scale nuclear power.
The government has announced it will provide £20 million per year in ringfenced tidal stream project support as part of the upcoming Contract for Difference (CfD) round, following pressure from industry and MPs.
The UK Government has set aside tens of millions of pounds to build new large-scale floating offshore wind ports and factories.
UK business secretary Kwasi Kwarteng has been grilled over the decision to reject the Scottish Cluster from the first round of a £1billion government carbon capture utilisation and storage (CCUS) competition.
A senior figure at BP (LON: BP) says “compromises will need to be made” over access to space for North Sea energy transition projects.
Consumers have been told not to worry about “the lights going out” this winter amid concerns the UK Government’s price cap could see energy bills soar when it is reviewed next year.
UK Business Secretary Kwasi Kwarteng warned that more energy suppliers may fail this year after a surge in gas prices caused seven to collapse already, affecting some 1.5 million households.
The boss of an energy industry body has said her team warned the Government and Ofgem that the sector was fragile at least two years ago.
The Government wants energy firms to "stay afloat organically", a Cabinet minister has said, as the growing energy crisis led to company bosses saying the outlook was "looking bleak".
UK energy secretary Kwasi Kwarteng has told MPs there is “absolutely no question of the lights going out” as gas prices across Europe soar.
UK energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business.
The UK Government has pledged to support the advancement of both green and blue hydrogen as part of plans to create a “thriving” low carbon sector.
Siemens Gamesa Renewable Energy is to double the size of its Humber offshore wind turbine blade factory after securing government funding.
Business minister Kwasi Kwarteng has joined Prime Minister Boris Johnson on the second day of his two-day visit to Scotland.
Aberdeen South MP Stephen Flynn has appealed to the UK Government for clarity on a process that could remove the grid charges “millstone” from around the Scottish renewables sector's neck.
A north-east carbon capture and storage (CCS) project’s hopes of receiving government backing have been given a boost after a senior politician sang its praises.
Government policy on developing hydrogen as a new clean energy source risks keeping the UK hooked on fossil fuels, climate campaigners have warned.
Campaigners have brought a legal challenge to the UK Government for supporting plans they claim are “unlawful” for North Sea oil and gas production.
Westminster is being urged to put an Aberdeenshire project at the heart of its plans to roll out carbon capture and storage (CCS).