Harbour Energy pays 108% UK tax
The North Sea's largest independent operator said it is paying more to the UK tax man than it earns as it revealed its latest accounts for 2024.
North Sea
North Sea Oil and Gas
Government confirms windfall tax to go in 2030 as consultation kicks off
The UK government has confirmed that the windfall tax is scheduled to end in 2030, and has launched a consultation on what its successor will look like.
Families to lobby for end of oil and gas extraction in UK
Families will gather in Westminster to lobby for an end to all new oil and gas extraction in the UK.
Shell upstream director Zoë Yujnovich to step down at end of March
Shell's integrated gas and upstream director Zoë Yujnovich will step down at the end of March after more than a decade at the supermajor, the company announced.
Orcadian sells 50% stake in HALO Offshore UK to IPC
North Sea operator Orcadian Energy has sold a 50% stake in HALO Offshore UK Ltd to power plant developer Independent Power Corporation (IPC).
What does the future hold for UK’s Rosebank and Jackdaw?
UK offshore energy investors are consolidating their assets as the government remains vague on necessary investment criteria - but it could also mean the return of 'dirty word' Cambo.
All North Sea Posts
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.
French TotalEnergies sells West of Shetland assets to Prax
French firm TotalEnergies (PAR: TTE) has sold its oil and gas fields West of Shetland to Prax Group.
Aberdeen student awarded for recycled oil rig building design
A Robert Gordon University (RGU) student has won a prestigious architectural award for an innovative building design made from recycled oil rigs.
Serica looks outside North Sea in face of “potential future increases” in tax
North Sea oil and gas firm Serica Energy (LON: SQZ) warned it was "looking very actively overseas" for new opportunities as it faces "recent and potential future increases" in UK tax.
Oil and gas firms optimistic despite “existential threat”, DNV report says
Oil and gas companies are optimistic despite facing "unprecedented challenges", a new report has found.
2H secures Moray West wind farm integrity management deal
Offshore engineering group 2H has received a four-year integrity management contract for Ocean Winds’ 882MW Moray West offshore wind farm.
Wood contract for Centrica’s Rough storage to create 50 jobs
Centrica has awarded Aberdeen-headquartered Wood (LON: WG) a contract to redevelop it's Rough field in readiness for future hydrogen storage, creating 50 jobs.
Aberdeen’s Onboard Tracker, ATPI expand offshore travel hub
Aberdeen-based crew management software provider Onboard Tracker has partnered with corporate travel company ATPI to expand its online offshore travel operations hub.
Three60 Energy snaps up Aberdeen’s Samphire Subsea in £multi-million deal
Acquisitive Three60 Energy has acquired Aberdeen-based engineering firm Samphire Subsea to meet growing demand for work in decommissioning and floating offshore wind work in the future.
CNOOC North Sea offshore workers accept increased pay offer
Offshore workers on CNOOC installations in the North Sea have accepted an increased pay deal following a union recognition agreement.
General election: where do the parties stand on oil and gas
The energy industry and the North Sea has loomed ever-larger on the political radar. As parties vie for votes ahead of the UK General election on 4 July, leading industry lawyer Graeme Clubley offers his analysis on the impact on the sector of each group's manifesto policies.
Equinor concludes internal investigation into Norway helicopter crash
North Sea operator Equinor has released details of an internal investigation into a fatal helicopter crash off the coast of Norway in February.
GB Energy takes the heat at Aberdeen hustings event
Calls for clarity over what kind of company GB Energy will be if Labour wins the next general election emerged at a hustings event in Aberdeen where the oil and gas industry was a major topic of debate.
Power Moves: Urenco adds new chairman and more
Justin Manson was promoted to chairman of the board at Urenco, an international supplier of uranium enrichment services.
New North Sea oil and gas ‘largely irrelevant’ for energy security, ECIU says
ECIU analysis argues for heat pumps and EVs backed by UK renewables over new North Sea licences.
Tories do not care about the climate – Swinney
John Swinney has accused the Conservatives of not caring about the climate as he clashed with Douglas Ross.
Labour “fails” oil and gas industry as policies risk downgrades for Ithaca and EnQuest
Ithaca Energy and EnQuest are among the North Sea oil and gas producers most at risk from Labour’s policy changes, ratings agency Moody’s has said.
RenQuip launches new tool to drive £6m revenue target
Aberdeen-based manufacturer of hydraulic and mechanical equipment RenQuip has launched its new range of flange spreading wedges to drive towards its revenue forecasts of over £6 million in the next three years.
BP contributes £17bn to UK economy, report finds
Supermajor BP (LON:BP) contributed £17.1bn to the UK economy in 2023 according to a new report by Oxford Economics.
Marine campaigners prepare new legal action over latest NSTA licensing round
Marine conservation group Oceana UK is preparing to launch legal action against the UK government over its decision to award new oil and gas licences in the North Sea.
UK Supreme Court set to rule in pivotal downstream emissions case
The Supreme Court's decision in the Finch case could have implications for North Sea oil and gas firms including Shell and Equinor.
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.
Equinor brings in new head of UK upstream
Equinor UK & Ireland senior vice-president Arne Gurnter will leave his current position for a new role within the company in September.
Longboat ‘mixed emotions’ as it sets sail from Norway
Shares in Longboat Energy (LON: LBE) enjoyed a fillip after the company said it would exit Norway.
Claire Coutinho: Labour’s energy policy will be ‘triple whammy on UK’
The Conservatives have claimed Labour’s energy policy will be a “triple whammy” for the UK, as they renewed their tax attack on their rivals.
