The UK’s offshore trade body said that the government’s energy transition ambitions do not match up with the ‘unpredictable’ fiscal policies surrounding oil and gas.
Harbour Energy (LON: HBR) has confirmed plans for a series of job cuts at its North Sea base in Aberdeen - understood to number in the hundreds - due to the windfall tax.
Some of the North Sea’s biggest players have been included on the shortlist for this year’s prestigious Offshore Energies UK (OEUK) Awards.
A new dawn for North Sea could be imminent with long-awaited details about the UK’s climate compatibility checkpoint expected shortly.
Deirdre Michie, chief executive of Offshore Energies UK (OEUK), has temporarily stood back from the role after being diagnosed with a medical condition.
The UK’s offshore energy trade body has warned that further changes to “windfall” taxes on the oil and gas sector would reduce energy security and increase consumer costs.
Last month, Chancellor Rishi Sunak flew into the Granite City - home of the UK’s offshore energy industry. He was there to listen directly to the concerns put forward by industry leaders on the Government’s proposed energy profits levy.
The UK Government’s decision to impose a windfall tax on industry is disappointing and presents challenges to a sector that is focussed on meeting the UK’s energy needs for decades to come.
Ministers have been pushed to come up with a “streamlined” regulatory system fit for an integrated energy transition.
An imbalance between supply and demand in the energy labour market could send wages through the roof, the head of a leading skills body has projected.
The oil and gas industry has been challenged to rekindle its “pioneering spirit” in order to quicken the pace of the energy transition.
UK offshore oil and gas emissions fell by 10% last year, compared to 2018, as Covid-19 sparked lower levels of activity.
The oil and gas industry is “not doing enough” to fight climate change, according to the UK Government’s top adviser on the issue.
The cacophony around Cambo could throw a “huge spanner” into the works with regards to investment appetite in the North Sea, an industry expert has said.
Spend on projects in the UK North Sea is expected to top £20 billion over the next five years, a flagship study has revealed.
Bosses from all corners of the energy sector have shared their thoughts on the UK Government’s flagship Hydrogen Policy.
BP CEO Bernard Looney will headline the upcoming Oil and Gas UK (OGUK) annual conference.
Former Conservative prime minister Harold Macmillan’s "middle way" and New Labour’s "third way" describe an approach that seeks to occupy the "radical centre" between two extremes.
BP has announced plans for what it described as the “UK’s largest” hydrogen project.
UK jobs and companies would “pay the price” if ministers agreed a ban on new North Sea exploration, according to a senior industry source.
The UK’s leading oil and gas industry trade body has said any potential ban on new exploration in the North Sea would put the country’s net zero future at risk.
The plan from Presidential hopeful Joe Biden plan to “transition” away from oil and gas “does not sound very revolutionary”, according to an Aberdeen University professor.
When developer ERM decided Aberdeen would be the home for Dolphyn, its world-first floating green hydrogen project, it said “it will put Aberdeen on the map”.
UK Government environmental standards among ‘highest in the world’ after accusations it neglected North Sea methane leak
The UK Government has said its environmental standards are “among the highest in the world” after allegations it has neglected a methane leak for 20 years.