CCUS throws up decommissioning tax ‘grey area’
Repurposing of North Sea oil and gas assets for Carbon Capture Utilisation and Storage (CCUS) is starting to happen, and it’s throwing up a tax quandary for the sector’s decommissioning space.
Repurposing of North Sea oil and gas assets for Carbon Capture Utilisation and Storage (CCUS) is starting to happen, and it’s throwing up a tax quandary for the sector’s decommissioning space.
Exclusive: Questions raised over robustness of Westhill-based Elemental Energies' security processes.
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.
The UK Budget should be assessed in relation to its macroeconomic (aggregate) effects and in relation to its impact on individual elements (i.e. microeconomic effects).
The Health and Safety Executive (HSE) has taken down an immediate prohibition notice served on Eni UK over safety concerns at its Point of Ayr Gas Terminal in Wales.
Domestic energy production in the UK has reached the lowest level since records began in 1948.
The potential Ithaca Energy (LON: ITH) combination with Eni’s UK assets stands to bring the firm's reserves above that of Harbour Energy, according to analysis.
As the UK continues to wait for its next exploration well there are three active in Norway, Westwood reports.
A Banchory-based firm has developed technology which it says could “revolutionise” the way offshore vessels are fuelled.
Exxon Mobil and Cnooc merged arbitration claims against Chevron’s proposed takeover of Hess that would allow the US oil supermajor to enter Guyana’s Stabroek Block.
The CEO of Harbour Energy (LON: HBR), the UK’s largest oil and gas producer, earned an overall pay package of £2.4m last year, new figures have revealed.
Boss says EnQuest will "prove up" heavy oil capabilities on Bressay before targeting Bentley.
Skerryvore, the UK "well to watch" for 2024, has been pushed into next year by North Sea operator Parkmead (AIM: PMG).
Energy services giant Petrofac (LON:PFC) has secured a contract extension in the Southern North Sea with ONEgas West.
North Sea operator EnQuest (LON:ENQ) posted a loss in its 2023 full year financial results, reflecting the impact of the UK government's windfall tax on oil and gas firms.
American oilfield services firm SLB (NYSE:SLB) has announced a NOK 4.12 billion ($382m) deal to purchase 80% of Norway's Aker Carbon Capture (OSL:ACC)
Acteon Group maintains a significant presence in Aberdeen across several firms.
Just as they first ventured to do over a century ago, the world’s largest oil companies are staking claims far from home — this time to swallow, rather than spew, planet-warming industrial emissions.
Europe’s largest economy is running a €23 billion ($24.9 billion) experiment to reach net zero by 2045 without destroying its energy-intensive industrial base.
China’s wind turbine manufacturers dominated global supply last year, riding the nation’s renewables installation boom as a contraction in the US and meager growth in Europe dented overseas competitors.
Offshore Energies UK (OEUK) has voiced its support for the goals of the North Sea Transition Authority’s (NSTA’s) recently released OGA Plan.
Chairman answers questions on windfall tax, sticking with the UK, and Ithaca’s Aberdeen operation post-Eni deal.
The planned entry of Italian oil major Eni “de-risks” the Cambo oilfield in the West of Shetland, owner Ithaca Energy has said.
RWE has completed its £963 million purchase of the 4.2GW Norfolk Offshore Wind Zone from Vattenfall.
The Health and Safety Executive (HSE) has reprimanded Valaris after an 85kg object was dropped on one the company’s rigs that could have resulted in a fatality.