Talks to protect North Sea crude oil trade with South Korea
Britain and South Korea are in talks to protect an arrangement of tax breaks for buyers of North Sea crude oil beyond Brexit, according to a news report.
Brexit
Offshore firms face £145million bill due to Brexit customs charges
Customs charges due to Brexit could cost the offshore industry £145million this summer and £120million every year thereafter, north-east firms have been warned.
Scotland’s renewables industry at risk from hard Brexit, Sturgeon says
A hard Brexit could damage Scotland's renewables industry by cutting off access to vital labour and funding, Nicola Sturgeon will warn.
Scottish workers face ‘hard Brexit bill of £116 a year’
A hard Brexit could cost an average worker in Scotland £116 by 2020, new research has indicated.
Brexit: Is your business ready for change?
Nobody can claim to be an expert on Brexit, after all nobody knows exactly what will happen and when it will happen. In the business world this leaves companies with two options:
BP boss Dudley has ‘sympathy’ for PM over Brexit negotiations
The boss of BP has defended Theresa May’s handling of Brexit, expressing his “sympathy” for the Prime Minister’s position and saying it was bad for the country to negotiate an EU divorce deal in public.
Vattenfall shrugs off Brexit fears, plans UK expansion
Swedish renewable energy firm Vattenfall has confirmed that rather than pull out of the UK as a consequence of approaching Brexit they have actually chosen to expand and invest further in UK energy developments.
‘Catastrophic’ if Brexit kills off nuclear regulation, warn Labour
Labour has warned it would be “catastrophic” for Britain’s nuclear industry if the role of Euratom ended immediately after Brexit, as the party pushed for a specific transitional arrangement.
Brexit could lead to oil worker exodus, Oil and Gas UK warns
Post-Brexit visas could lead to the oil industry losing workers to other countries, an Oil and Gas UK (OGUK) manager has told MPs.
BoE plans to allow European banks ‘to operate in UK as normal after Brexit’
European banks will be allowed to operate as normal in the UK after Brexit under plans due to be announced by the Bank of England (BoE), it has been reported.
Time to turn the oil benefits ‘over to the people’, says Alex Salmond
The former First Minister Alex Salmond said if the oil price soars, an oil fund should be set up so that the people, not big oil companies, see the benefit.
Renewables Conference: Industry chief says energy relationship with Brussels won’t just stop after Brexit
The head of the UK energy industry's trade body said today that the relationship between Britain and Brussels won’t be automatically severed after Brexit.
Brexit could bring ‘huge damage’ to Scottish renewables market, says Salmond
Brexit could bring “huge damage” to Scotland’s renewable energy industry, former first minister Alex Salmond has said.
May taking heat to abandon plans to enshrine Brexit date in law
Theresa May is facing renewed pressure to abandon her plan enshrine the date of Brexit in law after a cross-party committee of MPs warned it could cause “significant difficulties” in the talks with Brussels.
Six in 10 companies looking to ‘move part of supply chain from UK’ post Brexit, new poll finds
Nearly two thirds of EU businesses expect to move some of their supply chains out of the UK because of Brexit, a new survey has found.
‘Modifying’ free movement rights could keep UK in single market, report says
Britain could remain in the single market by offering to "modify" rather than completely abandon free movement rights, a report suggests.
Fall in visas for overseas businesses ‘could mean UK misses out’
The number of visas granted for overseas businesses to open a branch in the UK fell by 11% last year, a study shows.
Theresa May should prepare for a no-deal Brexit, donors warn
Senior Conservative Party donors have said Theresa May should be prepared for a "no deal" Brexit rather than accepting an "unsatisfactory and unfavourable deal" that could cause divisions for another generation.
Scottish Secretary ‘does not recognise’ expert analysis of Brexit hit to Aberdeen
Scottish Secretary David Mundell has told opponents of Brexit to stop bandying about “damning figures” such as an analysis that Aberdeen will be worst hit by the divorce from Brussels.
UK North Sea oil faces quickening decline if no Brexit deal
The U.K. oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union, as restrictions on the movement of workers and equipment would increase costs.
UK North Sea oil faces quickening decline if no Brexit deal
The U.K. oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union, as restrictions on the movement of workers and equipment would increase costs.
Opinion: EU data protection rules, the UK’s statement of intent
The UK Government published its new data protection bill and in doing so removed any lingering doubts that it would continue to uphold EU privacy rules regardless of Brexit.
Brexit takes bureaucracy to the atomic level for UK industry
To understand the implications of Brexit, it helps to go nuclear.
Scotland’s economy slower than the rest of UK
The UK economy has grown three times faster than it has in Scotland over the last year, new figures suggest.
Rise in UK net migration will have ‘negative impact on economy’, says Airswift chief
Peter Searle, CEO for workforce solutions for the energy, process and infrastructure provider, Airswift, also believes that uncertainty around Brexit ‘discourages overseas investment’.