A North Sea union boss has called out the โstaggering situationโ whereby UK regulators are not investigating Sundayโs offshore rig incident when a worker went missing.
Labour shadow chancellor Rachel Reeves has pledged her party will increase the North Sea windfall tax, in a move industry says will spell โdisasterโ.
Located dozens of miles out to sea, it would stand to reason that oil and gas assets are unlikely targets for protestors โ for the sake of convenience if nothing else.
Commercial property experts fear a North Sea oil and gas slowdown caused by the windfall tax could put an Aberdeen office market recovery into reverse.
A pair of firms are making a play for Baker Hughesโ coil tubing and pumping business, potentially paving the way for its takeover of rival Altus Intervention.
There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.