Industry chiefs have reiterated their calls for reforms of the decommissioning tax relief system ahead of next week’s Budget.
Oil and Gas UK
The interim chief executive of Opito told MPs yesterday the UK Government’s new apprenticeship levy will have “unacceptable” implications for Scotland’s oil and gas sector.
Two major new milestones for the beleaguered UK North Sea oil and gas industry have highlighted resilience in the face of a downturn.
Next year we mark a significant milestone in the UK’s oil and gas industry, the 50th anniversary of our first commercial discovery on the UK Continental Shelf (UKCS) – the West Sole field.
Industry body Oil and Gas UK (OGUK) has published a blueprint for cutting development costs for so-called small pools in the North Sea by up to 25%.
Industry needs to get “bolder and scarier” if it is to unlock the potential of the North Sea’s marginal fields, an industry chief has said.
The global oil and gas industry is facing a glut of new-build assets with no contracts in place for their use, the boss of an Aberdeen-based energy service firm has warned.
The far-reaching impact of the oil price crash on the north-east was highlighted last week with new figures showing a rise in the number of people claiming benefits.
Solar-powered luminous trees, kinetic energy tiles in the home and washing machines that use rain water were among the ideas to light up an event in Aberdeen yesterday.
Former Scottish secretary Alistair Carmichael said today that the decommissioning market should become a key driver of employment in Orkney and Shetland.
A trade unionist has called for industry and government to invest in decommissioning to make sure the sector creates as many jobs as possible.
A groundbreaking new report predicts a steady rise in decommissioning work in the UK and Norway over the coming decade.
The head of Oil and Gas UK (OGUK) said today that North Sea industry is more competitive than it was two years ago, at the start of the crude price collapse.
US engineering firm Emerson has hosted a one-day workshop to show north-east pupils how maths is used in the oil and gas industry.
Oil and Gas UK (OGUK) wants to see a pioneering North Sea equipment sharing initiative grow from “small beer” into an Amazon-esque virtual warehouse.
Rather than quaking at the prospect of being slapped with a fine, North Sea firms are glad the Oil and Gas Authority (OGA) has been armed with new powers, the regulator’s boss said.
A Scottish trade union called for “urgent government action” to protect jobs in the North Sea in the wake of a report which revealed plummeting investment in the region.
Aberdeen South MP Callum McCaig today accused Prime Minister Theresa May of “sneering at Scotland from afar” and said the UK Government had let North Sea industry down in its hour of need.
With oil prices continuing to hover below $50 a barrel, the release today of Oil & Gas UK’s 2016 Economic Report, has served to remind us of the significant challenges currently facing the UK North Sea.
North Sea industry treading line between “catastrophe and bankruptcy”, helicopter safety chief warns
North Sea industry is treading the line between catastrophe and bankruptcy as the crude price downturn drags on, a helicopter safety chief warned today.
Two oil and gas industry bodies have called for the UK Government to delay the introduction of the £3billion apprenticeship levy until 2018.
The Governor of the Bank of England Mark Carney has been advised that “tales of the North Sea’s demise are wrong” - although the oil and gas sector faces tough challenges in the wake of low prices.
Industry body Oil & Gas UK said it would support its members through the "transition ahead" after voters chose to back Brexit.
Unemployment in Scotland has fallen by 11,000 between February and April to stand at 160,000, official figures show.
There no easy solutions to the longer term future of the North Sea oil and gas region, but the prize continues to be worth fighting for, said a senior industry analyst.