‘Massive disconnect’ between transition policy and fiscal system, says OEUK
The UK’s offshore trade body said that the government’s energy transition ambitions do not match up with the ‘unpredictable’ fiscal policies surrounding oil and gas.
Mike Tholen
Harbour Energy plans hundreds of Aberdeen job cuts over windfall tax
Harbour Energy (LON: HBR) has confirmed plans for a series of job cuts at its North Sea base in Aberdeen - understood to number in the hundreds - due to the windfall tax.
Almost 900 blocks up for grabs as 33rd North Sea oil and gas licensing round launched
The North Sea Transition Authority (NSTA) has fired the starting pistol on the 33rd oil and gas licensing round, the UK’s first since 2019.
Oil majors and services giants in running for OEUK Awards 2022
Some of the North Sea’s biggest players have been included on the shortlist for this year’s prestigious Offshore Energies UK (OEUK) Awards.
Details of oil and gas climate checkpoint – that could herald North Sea ‘resurgence’ – imminent
A new dawn for North Sea could be imminent with long-awaited details about the UK’s climate compatibility checkpoint expected shortly.
Medical condition sees OEUK boss Deirdre Michie step back
Deirdre Michie, chief executive of Offshore Energies UK (OEUK), has temporarily stood back from the role after being diagnosed with a medical condition.
Windfall tax revisions risk ‘untold damage’ to energy security says offshore trade body
The UK’s offshore energy trade body has warned that further changes to “windfall” taxes on the oil and gas sector would reduce energy security and increase consumer costs.
So, what came out of the discussion with Sunak?
Last month, Chancellor Rishi Sunak flew into the Granite City - home of the UK’s offshore energy industry. He was there to listen directly to the concerns put forward by industry leaders on the Government’s proposed energy profits levy.
Windfall tax: Politicians should ‘rise above the calls of the election timetable’
The UK Government’s decision to impose a windfall tax on industry is disappointing and presents challenges to a sector that is focussed on meeting the UK’s energy needs for decades to come.
Swift action needed to address ‘minefield’ regulatory system, says NSTA chairman
Ministers have been pushed to come up with a “streamlined” regulatory system fit for an integrated energy transition.
Energy industry faces ‘excessive wage inflation’ unless it can improve transferability of workers
An imbalance between supply and demand in the energy labour market could send wages through the roof, the head of a leading skills body has projected.
Oil and gas industry challenged to rediscover ‘pioneering spirit’ to speed up transformation
The oil and gas industry has been challenged to rekindle its “pioneering spirit” in order to quicken the pace of the energy transition.
OGUK report praises operators for progress on emissions, bosses say Acorn snub won’t impact targets
UK offshore oil and gas emissions fell by 10% last year, compared to 2018, as Covid-19 sparked lower levels of activity.
Offshore Europe: Oil and gas sector ‘not doing enough’, warns UK’s top climate adviser
The oil and gas industry is “not doing enough” to fight climate change, according to the UK Government’s top adviser on the issue.
Cambo could be ‘huge spanner in the works’ for North Sea investment appetite
The cacophony around Cambo could throw a “huge spanner” into the works with regards to investment appetite in the North Sea, an industry expert has said.
UK North Sea spend to top £20bn in coming years, says OGUK report
Spend on projects in the UK North Sea is expected to top £20 billion over the next five years, a flagship study has revealed.
‘Eagerly awaited’ Hydrogen Strategy draws mixed reactions from energy chiefs
Bosses from all corners of the energy sector have shared their thoughts on the UK Government’s flagship Hydrogen Policy.
BP CEO Bernard Looney to headline OGUK conference
BP CEO Bernard Looney will headline the upcoming Oil and Gas UK (OGUK) annual conference.
North Sea Transition Deal lays foundation for innovation investment
Former Conservative prime minister Harold Macmillan’s "middle way" and New Labour’s "third way" describe an approach that seeks to occupy the "radical centre" between two extremes.
BP plans ‘UK’s largest’ hydrogen project on Teesside
BP has announced plans for what it described as the “UK’s largest” hydrogen project.
‘It feels like virtue signalling’: Industry reacts to North Sea exploration ban report
UK jobs and companies would “pay the price” if ministers agreed a ban on new North Sea exploration, according to a senior industry source.
OGUK: North Sea exploration ban would ‘risk’ net-zero future
The UK’s leading oil and gas industry trade body has said any potential ban on new exploration in the North Sea would put the country’s net zero future at risk.
Biden’s oil transition plan ‘doesn’t sound very revolutionary’ says Aberdeen Uni professor
The plan from Presidential hopeful Joe Biden plan to “transition” away from oil and gas “does not sound very revolutionary”, according to an Aberdeen University professor.
Dolphyn hydrogen project shows energy transition ‘in real time’ for Aberdeen
When developer ERM decided Aberdeen would be the home for Dolphyn, its world-first floating green hydrogen project, it said “it will put Aberdeen on the map”.
UK Government environmental standards among ‘highest in the world’ after accusations it neglected North Sea methane leak
The UK Government has said its environmental standards are “among the highest in the world” after allegations it has neglected a methane leak for 20 years.