Mayors from Manchester, Liverpool, Tyne and Wear and West Yorkshire have called for the Offshore Petroleum Licensing Bill to be scrapped.
Offshore Energies UK
Meanwhile OEUK accuses Labour of “misrepresenting” oil firms earnings in the UK tax system.
The UK is a frontrunner in the global transition to cleaner energy – and the industry’s action on methane is the latest example
The North Sea Transition Deal is a ground-breaking deal between Government and industry to plan a path to net zero. The Deal celebrated its first birthday in March 2022, showcasing good progress and encouraging momentum. Offshore Energies UK (OEUK) continues to celebrate the Deal’s 18 month anniversary with the launch of Methane Action Plan (MAP) Guidelines last month –seeing the UK oil and gas industry take another step forward in its journey to net zero emissions. The Deal sets out a clear roadmap for accelerating green energy technologies, cutting emissions and, ultimately, delivering a net zero industry by 2050.
Scottish energy secretary Michael Matheson has backed an extension to the North Sea windfall tax, and said he would broaden it to a range of other industries.
The UK’s main lobby group for the oil and gas industry urged ministers to work with the sector to minimize the the impact of a new windfall tax on profits.
A top boss at Ukraine national energy firm Naftogaz received a standing ovation in Aberdeen today as he thanked the city for housing displaced families of his employees.
The chief executive of Harbour Energy and the head of the recently-rebranded North Sea Transition Authority will headline a major industry conference next month.
A commitment to North Sea oil and gas while ramping up nuclear, hydrogen and offshore wind, is at the heart of a new UK strategy to protect consumers from future surges in energy bills.
Rich countries must end oil and gas production by 2034 to keep the world on track for the Paris Agreement climate change target and give poorer nations longer to replace their income from fossil fuels, a new report says.
Far from having an energy production, supply and distribution machine that is robust and flexible as claimed, the UK’s is in a mess.
Reaction to news that the leading trade body for the North Sea, Oil and Gas UK (OGUK), is rebranding has varied from claims of it being a “PR stunt” to praise for a move that’s “not before time”.
Oil and Gas UK (OGUK) is dropping “oil and gas” from its name in a rebrand which will see its focus and remit broaden to new energy sources.