North Sea firms paying £19m daily to UK Gov as windfall tax comments deemed ‘unwise’
North Sea oil and gas firms contributed more than £1.7 billion to the UK Government’s coffers in just 90 days, new figures have revealed.
Aberdeen and Grampian Chamber of Commerce (AGCC)
UK energy strategy to ‘breathe new life’ into North Sea and Net Zero
A commitment to North Sea oil and gas while ramping up nuclear, hydrogen and offshore wind, is at the heart of a new UK strategy to protect consumers from future surges in energy bills.
‘Fairly underwhelming’ – Sunak criticised for not pulling CCS or hydrogen ‘rabbit out of the hat’
Rishi Sunak has been criticised for failing to announce specific backing for key transition technologies during his Spring Statement.
New licensing will ‘keep up the momentum’ for North Sea: Energy Minister
New North Sea licensing this year is part of the UK Government’s “ongoing” commitment to the sector, the energy minister has said.
‘Not if but when’ for thousands of north-east carbon capture jobs
A project that promises to deliver thousands of north-east jobs as well as ensure Scotland meets its net zero targets will happen “as soon as practical”, despite losing out its first bid for UK Government funding last year.
AGCC launches ‘most significant’ survey yet of North Sea energy sector
Aberdeen and Grampian Chamber of Commerce (AGCC) has said it has launched what is expected to be its "most significant" survey yet for the offshore energy sector.
Ukraine crisis underlines need to keep North Sea drilling an option
Boss of Aberdeen Grampian Chamber of Commerce Russell Borthwick has welcomed news that the door has been left open for further North Sea drilling as uncertainty over gas supplies increases due to the Russia-Ukraine crisis.
Scottish Government responds to Aberdeen businesses, but ‘falls short’ of exploration commitment
Following criticism in parliament the Scottish Government has replied to a letter from Aberdeen businesses which warned against creating a “hostile investment environment” for oil and gas, but recipients say it does not guarantee new exploration.
AGCC hosts 200 at breakfast event – despite ‘propaganda’ cancelling Offshore Europe
An audience of 200 got up early to attend Aberdeen and Grampian Chamber of Commerce (AGCC)’s first business breakfast event of the year.
‘ScotWind could provide a 50-year project pipeline’
A project pipeline of more than 50 years in offshore wind could be secured thanks to the ScotWind seabed auction, according to a northern port.
The need for a reasoned debate on the future of oil and gas
In the latter stages of 2021, the lightning rod debate over the Cambo development has brought the role of oil and gas in our energy system into sharp focus.
‘We’re backing the oil and gas sector’: UK Government responds to Aberdeen business leaders
The UK energy secretary has responded to a letter penned by 58 Aberdeen business leaders which called for a more “reasoned debate” on the future of oil and gas.
The Aberdeen 58: It’s in their hands, no one else’s
I read with wry amusement that some 58 of Aberdeen’s great and good have written to the First Minister Nicola Sturgeon and other political leaders asking for a “more reasoned debate” on the future of oil and gas.
Business leaders warn politicians over ‘hostile investment environment’ for oil and gas
Dozens of north-east business leaders have penned an open letter warning politicians against creating a “hostile investment environment” for the oil and gas sector.
OGUK and Aberdeen chamber highlight ongoing need for fossil fuels
Oil and gas industry body OGUK says Shell’s decision to pull out of the west of Shetland Cambo project – threatening 1,000 jobs – “doesn’t change the facts” around energy supply.
Aberdeen to play ‘really important role’ in abating climate change, predicts expert
A senior climate adviser has emphasised the “really important role” Aberdeen has to play in axing the UK’s carbon emissions.
‘Today, it jars’: Over 40% of Aberdeen oil firms have not signed up to net zero targets, finds survey
A significant percentage of oil and gas firms in the Aberdeen area are yet to sign up to net zero targets, according to a new survey from the chamber of commerce and accountancy firm KPMG.
North-east business chiefs urge PM to reverse Scottish Cluster rejection
Some of the energy industry’s biggest names are calling on the UK Government to make Scotland part of its initial carbon capture and storage (CCS) plans.
Offshore Europe organisers pushing on with event, say it’s unlikely to be derailed by use of P&J Live as vaccination centre
The north-east has been dealt a significant boost after organisers of a huge oil and gas conference confirmed it is still on track to go ahead as planned later this year.
Energy transition commitments could go some way to reversing North Sea pessimism
It’s hoped commitments to put energy transition “at the heart” of economic recovery plans could go some way to reversing negative trends in the oil and gas industry.
North Sea firms warn further job losses on the horizon, confidence falls to lowest level since 2015
Around a fifth of North Sea oil and gas contractors have warned they expect to make further job cuts in 2021 as they continue to deal with ongoing turmoil in the sector.
OGUK urges government to be ‘mindful’ of impact from new Brexit customs costs
Oil and Gas UK (OGUK) has urged the UK Government to be “mindful” of any additional costs to the sector as it plans new Brexit customs charges.
Aberdeen’s global oil hub status could reduce as firms protect against Covid-19 restrictions
Aberdeen’s importance as a global oil hub may reduce as firms take steps to protect against multiple waves of Covid-19, according to an energy consultancy.
‘Disappointment’ as Chancellor puts CCS lower down pecking order than potholes
A leading analyst has described it as “disappointing” that the Chancellor that put a vital net zero technology lower down his list of priorities than repairing potholes.
50 shades of export opportunities launched for oil and gas industry
Scotland’s international trade agency has launched guides to 50 overseas markets as part of its efforts to support the oil and gas industry.