In today’s fast-paced business landscape, where staying ahead often means innovating and adapting to change, research and development (R&D) tax credits have emerged as a key tool for businesses, especially for small and medium-sized enterprises (SMEs).
While the M&A market has faced its challenges, it has largely held up during the last 12 months, with many corporate finance advisers reporting, perhaps unexpectedly so, that they have experienced a strong deals flow throughout the year.
As a high-risk industry, safety has been a priority across the energy sector. Following the adverse incidents we have seen we must never forget the lives lost in such incidents.
There has been significant attention paid over the past few months to oil and gas taxation in the UK, following Labour’s announcement regarding its intentions for oil and gas taxation, should it form the next UK government.
Anniversaries are opportunities to pause and reflect. As Programme Manager for the North Sea Transition Deal (NSTD) which just marked its third birthday, I can honestly say it’s been a remarkable journey so far.
North-East Scotland is home the highest concentration of energy supply chain companies in anywhere in the UK. These cluster of companies have displayed a resolute entrepreneurial spirit for the last fifty years and are the internationally recognised back bone of this region’s oil and gas industry.
Energy sector leaders gathered in Aberdeen last month for Future North Sea 2024 to discuss the challenges facing the industry, as well as the significant opportunities on the horizon.
Flare, a leading energy services provider, has announced the launch of its new Hazardous Environment Specialist (HES) Services, aimed at catering to all tiers of field development and decommissioning markets across the globe.
Across the diverse energy sector, asset integrity is fundamental to ensure safe and effective operations. As the industry evolves, so do the challenges associated with managing integrity assurance. Amidst the ever-changing landscape, Plant Integrity Management (PIM) Ltd remains a reliable player, offering a unique blend of ever growing Structural Integrity Management (SIM) capabilities.
It’s more than a name change for the Raccortubi Group. Starting March 1 2024, the group Scottish regional office and warehouse, Scottish or UK branch, will be known as Raccortubi UK.
Multi-disciplined engineering firm JBS Group is experiencing significant growth in one of its specialist service areas – fabrication – as it pursues new opportunities.
Offshore decommissioning projects are increasing. Latest figures from the North Sea Transition Authority reveal the UK’s offshore oil and gas industry spent £1.6 billion on decommissioning in 2022 – its highest annual total – with £21 billion of spending on decommissioning forecast for the next decade.
Earlier this month, Labour announced its revised green investment plan. While the wider media focus has been on the reduction of the previous £28bn annual target, the announcement also contained potentially significant proposals regarding the taxation of UK upstream oil and gas.
By Lisa McKay, Director of People and Corporate Services, Opito
You don’t need to work in the energy sector to understand the scale of the climate change challenge and therefore the enormity of what it will take to address it.
By Martin Simmonite, Senior Vice-President of UK Operations, Wood
Wood, the consulting and engineering company, is well known in the North Sea for its operations and maintenance and is now leveraging its experience to support the industry to decarbonise assets as part of the drive to net zero.
By David Whitehouse, chief executive Offshore Energies UK
Offshore Energies UK has this month launched its manifesto for the general election with a list of essential proposals for the incoming government as we ramp up the homegrown energy transition and the drive for net zero.