A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.
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.
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.
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.
The north-east economy is expected to be the worst hit region in Scotland by the Covid crisis according to a new report by KPMG.
Oil prices settling in a sweet spot of $60-70 per barrel would give North Sea firms more confidence to kick on with investment plans, industry experts have said.
Unpredictability is the only certainty in the world of crude prices. But oil industry observers believe crude prices are more likely to rise than fall over the coming months.
The oil and gas sector is well versed on the benefits of investing in emerging and disruptive technologies, but what is the appetite for innovation in Scotland, and how can we ensure that new technologies are utilised fully in our industry and help our industry to thrive?