Harbour Energy plans hundreds of Aberdeen job cuts over windfall tax
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.
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.
The North Sea Transition Authority (NSTA) has fired the starting pistol on the 33rd oil and gas licensing round, the UKโs first since 2019.
Some of the North Seaโs biggest players have been included on the shortlist for this yearโs prestigious Offshore Energies UK (OEUK) Awards.
A new dawn for North Sea could be imminent with long-awaited details about the UKโs 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 UKโs offshore energy trade body has warned that further changes to โwindfallโ 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 UKโs offshore energy industry. He was there to listen directly to the concerns put forward by industry leaders on the Governmentโs proposed energy profits levy.
The UK Governmentโs decision to impose a windfall tax on industry is disappointing and presents challenges to a sector that is focussed on meeting the UKโs energy needs for decades to come.
Ministers have been pushed to come up with a โstreamlinedโ 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 โpioneering spiritโ 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 โnot doing enoughโ to fight climate change, according to the UK Governmentโs top adviser on the issue.
The cacophony around Cambo could throw a โhuge spannerโ 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 ยฃ20 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 Governmentโs flagship Hydrogen Policy.
BP CEO Bernard Looney will headline the upcoming Oil and Gas UK (OGUK) annual conference.
Former Conservative prime minister Harold Macmillanโs "middle way" and New Labourโs "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 โUKโs largestโ hydrogen project.
UK jobs and companies would โpay the priceโ if ministers agreed a ban on new North Sea exploration, according to a senior industry source.
The UKโs leading oil and gas industry trade body has said any potential ban on new exploration in the North Sea would put the countryโs net zero future at risk.
The plan from Presidential hopeful Joe Biden plan to โtransitionโ away from oil and gas โdoes not sound very revolutionaryโ, 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 โit will put Aberdeen on the mapโ.
The UK Government has said its environmental standards are โamong the highest in the worldโ after allegations it has neglected a methane leak for 20 years.
The Deepwater Horizon disaster forced the UK North Sea to โsharpen up its actโ, reminding the sector of the โconsequences of getting things wrongโ, according to industry leaders.