Windfall taxes and government policy: destroying Aberdeen and the north-east
There is only one phrase that can possibly be used to describe the Westminster government’s approach to oil and gas – ideological zealotry, bordering on madness.
Labour
Stick or Twist: The North Sea operators who are warning they will leave the UK
Read our compilation of the UK oil and gas firms who wave made their views clear as Labour’s first budget looms.
Interesting times to be ushered in by reforms
The government has committed to implement the “Make Work Pay” programme, described by Labour as “the biggest upgrade to workers’ rights in a generation”.
“Pragmatism” and “creativity” should be Labour watchwords
The warning about October’s budget sent out by Sir Keir Starmer will scarcely have gone unnoticed in the energy sector. How will the “black hole” affect plans and policies that are essential to Labour’s fundamental commitment to the energy transition?
Rachel Reeves ‘difficult circle to square’ with energy finances
On the face of it, there is a paradox. Rachel Reeves has inherited a massive black hole in public spending. Large scale infrastructure projects are being cut, left, right and centre.
Already starving, GB Energy staggers into life
Great British Energy will be a publicly-owned energy company, designed to drive clean energy deployment, boost energy independence, create jobs and ensure UK taxpayers, billpayers and communities reap the benefits of clean, secure, home-grown energy.
UK government ups AR6 renewable energy budget to £1.5 billion
Offshore wind developers will vie for £1.1 billion in funding under AR6, with budget boosts for floating wind and tidal projects as well.
What’s at stake for UK North Sea as Labour Government sets out its energy policy
The UK’s newly elected Labour government has laid out its plans to boost clean energy, but questions remain about the future of North Sea oil and gas.
Election Day: Labour Party policies “could spell chaos” for employment
Trade body OEUK warned "details matter" and so do incentives which have enabled Norway to reduce carbon emissions to record low levels.
Is anxiety a health issue? Worrying about the renewables supply chain
I’m rapidly becoming immune to the disappointment I feel on an almost daily basis by the news on renewables technology development and manufacturing coming out of Europe, North America, the Far East and Australia and New Zealand, but not Scotland.
Potential challenges for the energy sector post election
By this weekend, only one poll will have mattered. The implications for the energy sector will be massive; for relative degrees of good or ill.
Aberdeen election target as political leaders go head to head today on north-east jobs
John Swinney, Anas Sarwar and Douglas Ross will be put on the spot in the Granite City on the same day Prime Minister Rishi Sunak is expected to push a pro-oil line during a visit to Scotland.
Labour “fails” oil and gas industry as policies risk downgrades for Ithaca and EnQuest
Ithaca Energy and EnQuest are among the North Sea oil and gas producers most at risk from Labour’s policy changes, ratings agency Moody’s has said.
200,000 people’s ‘livelihoods depend on the sector’ – OEUK hammers home importance of UK jobs
OEUK has played up the importance of the energy sector on UK jobs as the country gears up for an election in its latest report.
Poll: Scottish people back Aberdeen as home for GB Energy
People across Scotland have backed Aberdeen as the headquarters for GB Energy, the Labour Party’s proposed publicly-owned energy company, according to new figures released by advisory firm True North.
Cambo fate will be decided in months as Ithaca weighs tax uncertainty
A decision on whether the controversial Cambo field will be sanctioned or delayed is set to be decided in months as bosses weight the impact of North Sea tax policy.
Could the 33rd oil and gas licensing round be the UK’s last?
There's talk that this could this be the last licencing round given the rhetoric from Labour.
Oil and gas seen as ‘devil incarnate’ complains North Sea dealmaker
Oil and gas firms are being framed as the “devil incarnate” as general election rhetoric ramps up, a top North Sea dealmaker has complained.
‘We were ready to go’: North Sea firm was ‘days away’ from issuing contracts when Labour announcement sparked job cuts
The CEO of a North Sea gas company has said his team was “days away” from issuing key contracts when Labour’s promise of a “proper windfall tax” sparked job cuts.
‘We’ve had to let so many people from the project go’: North Sea firm making windfall tax job cuts
A North Sea player has unveiled a raft of job cuts due to fiscal uncertainty in the UK over the windfall tax.
Labour’s EPL plans to have ‘negative impact on the wider supply chain’
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.
Labour windfall tax proposals: a summary
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.
Are Labour’s windfall plans really a ‘death blow’?
It was all a bit odd at the Scottish Labour conference last month. A few days earlier, the oil and gas industry was shrieking outrage at Labour for proposing a windfall tax on gargantuan profits.
Miliband calls out government failures, pledges just transition
The government is guilty of “sluggish decision making”, Ed Miliband, shadow Secretary of State for Energy Security and Net Zero, said this morning, setting out some plans for a change of pace under a potential Labour administration.
‘I can’t wait!’: Humza Yousaf goads Labour with call for Aberdeen election showdown in oil tax row
The first minister and Labour leader Anas Sarwar traded claims and insults as the 'traitors' row boiled over at Holyrood.