SPE celebrates 50 years in Aberdeen
The Aberdeen section of the Society of Petroleum Engineers (SPE) celebrated its half-centenary with a knees up in the Granite City’s Music Hall.
Offshore Energies UK (OEUK)
Energy job losses in Aberdeen affect more than just industry
North-east business leaders not yet certain if GB Energy can fill the gap as job loss concerns hit energy sector.
AR6 falls short of capacity additions needed for 2030 net zero target
The 3.7GW of offshore wind capacity procured in Allocation Round 6 (AR6) falls short of what the country needs to reach its net zero goals, according to trade body Offshore Energies UK (OEUK).
Labour’s North Sea tax hike to land £13 billion blow to UK economy, OEUK says
UK government plans to raise the windfall tax on North Sea oil and gas firms could cause a £13 billion hit to the UK economy between 2025 and 2029, a report has found.
Power Moves: Gillian King leaves NZTC and more
Gillian King has left her position as the director of business development at the Net Zero Technology Centre (NZTC).
UK energy supply chain companies warn “time is running out” to save jobs and investment
The 42 companies manufacturers, professional services and engineering companies employing tens of thousands have issued a joint letter to Sarah Jones, Minister of State for Industry and Decarbonisation.
Continued delayed operator payments create ‘a master-slave relationship’
In 2023 more than a fifth of invoices sent to oil firms were paid late, continuing a “master-slave relationship” between operators and supply chain, according to unions.
Treasury minister meets with oil and gas leaders in Aberdeen to calm EPL fears
OEUK says next few weeks will be "critical" as Treasury Minister promises ongoing talks on windfall tax changes ahead of October budget.
Tory leader candidate admits windfall tax extension was mistake in Aberdeen visit – and now Labour are ‘doubling down’
Leadership hopeful Kemi Badenoch was in the north-east to hear where the Conservative government had "gone wrong".
Aberdeen councillors say Labour’s windfall tax puts just transition at risk
Aberdeen councillors, including Labour members, have unanimously backed a motion agreeing the UK government's windfall tax policy puts jobs and a just transition at risk.
CCUS sector calls for more support as audit office deems it a ‘risk worth taking’
The National Audit Office warns of inherent risks in CCUS technology, but says the UK has no "credible alternative pathway" to net zero without it.
Scotland will lead energy revolution, says Starmer as GB Energy bill introduced
Great British Energy will allow Scotland to “lead the clean energy revolution”, Sir Keir Starmer said as further details about the publicly-owned company are set to be announced.
Swinney to set out new funding for ‘landmark’ carbon capture project
John Swinney will set out new Scottish Government funding for a “landmark” carbon capture and storage project in the north east.
UK energy industry ‘deeply concerned’ ahead of King’s speech
King Charles is set to deliver a speech at the opening of parliament as Labour wants to enact change, however, the energy sector is still “deeply concerned.”
UK government denies it has banned new North Sea drilling
Government insists oil and gas firms that have already applied for licences to explore and drill in the North Sea will not be blocked.
UK energy industry “deeply concerned” as Labour wins landslide
Labour has pledged to establish a publicly-owned energy company in Scotland as well as extend the so-called windfall tax on oil and gas producers, scrap investment incentives and end new North Sea licences.
Election Day: Labour Party policies “could spell chaos” for employment
Trade body OEUK warned "details matter" and so do incentives which have enabled Norway to reduce carbon emissions to record low levels.
Gold standard not gold plated: How the UK’s approach to health and safety is changing the world
UK standards in health and safety underpin what makes North Sea goods and services attractive in other regions.
Next government urged to fund ‘just transition’ for oil and gas workers
The next government must provide a “clear and funded” transition plan for workers in the offshore oil and gas industry, including the North Sea, green groups and unions have urged.
The Euros and Oil: UK skills risk ‘being benched’
The Euros started with disappointment for Scotland fans and the energy transition risks going the same way for skilled oil workers, Global E&C’s CEO explained.
UK could beat oil output forecast by 30% if investment secured
The UK could be pumping almost 30% more oil and gas than currently projected at the end of the decade if about £20 billion of new investment can be secured, according to an industry group.
200,000 people’s ‘livelihoods depend on the sector’ – OEUK hammers home importance of UK jobs
OEUK has played up the importance of the energy sector on UK jobs as the country gears up for an election in its latest report.
North Sea could produce another 5bn barrels – but only if it cuts carbon
The North Sea basin could produce another 5 billion barrels of oil and gas - but only if it can strip carbon pollution from its operations, the industry regulator has warned.
Jobs to be at the heart of energy policy during UK election
Two UK energy trade bodies have said that jobs and skills will play a key role in the election campaign as the country gets ready to vote in July.
General election outcome ‘will be felt for decades to come’
The UK government has announced a date for the upcoming general election, with the energy sector set to become a battleground for debate.