Scotland books sharp drop in oil revenues and wider deficit
The annual Government Expenditure and Revenue Scotland (Gers) report confirm "windfall conditions no longer exist in the North Sea".
The annual Government Expenditure and Revenue Scotland (Gers) report confirm "windfall conditions no longer exist in the North Sea".
The windfall tax is an "appropriate mechanism" because North Sea oil and gas firms have "consistently failed to invest" in the energy transition, according to the head of a sustainable finance group.
Bristow Group helicopter pilots and technical crews have accepted a multi-year pay deal, bringing an end to strikes which affected North Sea operations.
Aberdeen University (UoA) will join other Scottish institutions to explore lessons from the past which could help coastal communities cope with the energy transition.
The well management company will have 40 staff across two sites.
North Sea operators Harbour Energy and Petrogas are set to drill two exploration wells in the UK Continental Shelf in the coming months.
AIM-listed Ashtead Technology said it had plans to further expand its Norwegian team and service offering over the next year.
OEUK says next few weeks will be "critical" as Treasury Minister promises ongoing talks on windfall tax changes ahead of October budget.
Analysts welcome positives of the US buyout of the UK-based drill rig firm which brings a beneficial market share in the Middle East.
GMB, one of Labour's biggest financial backers and a group made up of the North Sea's biggest independent producers, have joined forces to warn about the impact government's plans on workers.
Kazakhstan’s arbitration claims against a group of international oil majors that developed the Kashagan field escalated above $160 billion after the country alleged some deals were tainted by corruption, according to people familiar with the matter.
A senior North Sea leader has issued a chilling indictment of the UK Government's tax policies and the impacts it will have on jobs and key industry.
Offshore workers on the Ninian Central platform in the North Sea endured five days with only limited emergency power generation due to “planned” repairs.
Leadership hopeful Kemi Badenoch was in the north-east to hear where the Conservative government had "gone wrong".
The UK is a good candidate for a new terminal to import liquefied natural gas because of growing demand and the desire to kick its dependency on pipeline supplies from Europe, the project developer said.
Environmental campaign group Greenpeace UK has raised over £1 million from supporters in response to a lawsuit from North Sea operator Shell (LON:SHEL).
Port of Aberdeen has started work to enable vessels to plug into the grid for power instead of burning heavily-polluting marine fuel when they are berthed.
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.
A liquefied natural gas tanker that recently docked at the sanctioned Arctic LNG-2 export facility in Russia is heading toward Europe, ship tracking data compiled by Bloomberg show.
Harbour Energy (LON: HBR) has revealed earnings of $1.2 billion in the first half of 2024 as it progresses with its Wintershall Dea acquisition takeover.
"Make it an epoch – not an episode!"
Scotland’s highest court has ruled that the city council did not act unlawfully over proposals for the Energy Transition Zone in Aberdeen
Aberdeen-headquartered Raptor Data has secured a global well plugging and abandonment (P&A) contract with ConocoPhillips.
On 20 June 2024, the UK Supreme Court delivered a landmark decision in the case of R (Finch) v Surrey County Council, requiring environmental impact assessments (EIAs) for oil and gas projects to include 'scope 3' or 'downstream' emissions.
Norwegian state-owned energy giant Equinor is among global oil and gas firms investing in a range of alternative green fuels in