Labour leader Keir Starmer vows ‘to block new North Sea oil and gas’
The strategy was branded ‘pie in the sky’ in an immediate backlash from Aberdeen and Grampian Chamber of Commerce.
Aberdeen and Grampian Chamber of Commerce (AGCC)
New report shows nearly £16 billion of investment pouring into north-east
Investment worth almost £16 billion will be poured into the north-east economy over the next decade, according to a new study.
‘See you in Aberdeen’: Sir Keir Starmer commits to north-east energy visit
The man who may become the next Prime Minister has committed to a visit to Aberdeen to discuss the energy sector's concerns over his party's policies.
‘Significant threat’ as Aberdeen businesses face energy skills crunch
A crunch on the ability of firms to find skills for oil and gas and renewable energy are a “significant threat,” Aberdeen business leaders have warned.
Aberdeen energy capital status ‘at risk’ amid plunge in North Sea confidence
Aberdeen’s status as a global energy capital is at risk, a key industry report has warned, as confidence in the UK North Sea is now near a “record low”.
‘Rebuilding confidence’: UK Gov expected to make windfall tax and CCS announcement in Aberdeen
"Energy security day" expected to include a revamped net zero strategy - though the venue of Aberdeen could change.
Budget: Chancellor must ‘wake up’ to damage to oil and gas industry
Aberdeen business leaders have told the Chancellor to “wake up” to the damage caused by his oil and gas windfall tax policy.
Move Net Zero Department to Aberdeen, Chamber asks Hunt
Aberdeen business leaders called for a revised city region deal and for the UK’s energy department to be moved to the north east, in a series of asks ahead of the Chancellor’s Spring Budget on Wednesday.
AGCC launches energy transition survey to gauge sentiment at ‘seminal moment’ for industry
Companies in the energy sector are being invited to take part in a study to track business sentiment at a “seminal moment” in the UK’s net zero push.
Sturgeon: those calling energy strategy a ‘betrayal’ haven’t read it properly
Scotland’s First Minister has accused critics of her government’s controversial energy strategy of not engaging with the plan properly.
‘Populism before pragmatism’: Tory front bench blamed for Harbour Energy jobs cuts
Rishi Sunak and Jeremy Hunt are being held responsible for planned job losses at the UK North Sea’s largest producer.
Firms ‘forced to refuse work’ as staff costs rise
Rising wages and pay settlements are now the biggest driver of inflation for businesses in the north-east of Scotland, according to new economic data.
‘Inevitable’ North Sea will remain a target for Treasury, says KPMG boss
A financial expert says the oil and gas industry is up against it to deliver for the UK against the backdrop of a growing windfall tax.
If there’s an oil and gas windfall tax, give us a green freeport
With an increase in the tax imposed on North Sea oil and gas is considered “inevitable”, a speaker at a business event in Aberdeen called for the north-east region to be recompensed with a green free port to ensure jobs are retained and the transition to low carbon energy is achieved.
‘Machiavellian manoeuvres’ and UK high taxes put energy transition at risk – survey
Political instability has been flagged by the UK energy sector as the biggest obstacle to companies transitioning to net zero, according to a new report.
UK Govt mulls windfall tax extension as figures show 700% increase in payments
Chancellor Jeremy Hunt is considering an expansion of the North Sea windfall tax - despite figures showing a near-700% increase in payments over the last year.
Liz Truss and Rishi Sunak invited to Aberdeen to explain North Sea oil and energy plans
The two candidates vying to become the next prime minister have been urged to listen to the voice of industry over the UK’s critical energy future.
North Sea tax receipts now top £22m per day according to new research
North Sea offshore operators and licensees have been paying an average of £22.1million in tax per day since the start of the year, even before the so-called windfall tax comes into force, new figures have shown.
Windfall tax to ‘fall away’ if oil goes below $70, says Chancellor
Chancellor Rishi Sunak has said the government’s windfall tax measures are likely to fall away if oil prices sink below $70 per barrel.
North Sea faces £17.5bn raid from windfall tax – AGCC
The North Sea will take a £17.5 billion hit from the new windfall tax, the Aberdeen and Grampian Chamber of Commerce (AGCC) has claimed.
Industry slams oil and gas windfall tax which will send ‘shockwaves for years to come’
Rishi Sunak has announced a multibillion-pound windfall tax on oil and gas, which the industry has slammed as sending "shockwaves" on jobs, investment and communities.
Windfall tax fundamentally wrong but industry must ‘suck it up’
A windfall tax on energy profits will send the wrong signal to investors but looks increasingly inevitable, according to a senior partner at KPMG in Aberdeen.
Windfall tax to be announced ‘as soon as Thursday’
UK Government plans to impose a windfall tax on energy companies are expected to be brought forward and announced “as soon as Thursday”.
Aberdeen chamber report: Govt must ‘step-up and back’ energy industry transition as oil and gas demand grows
A business group has renewed demands that government must put support behind low carbon projects in the north east that will "shift the dial" as concerns have been raised that confidence in key low carbon technologies such as carbon capture and storage (CCS) has faltered, a new report has found.
Businesses blast ‘economically illiterate’ North Sea windfall tax ahead of vote
A windfall tax on North Sea oil and gas firms would be “economically illiterate” and could “perversely” drive up the domestic costs of energy, MPs have been told ahead of a key vote today.