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.
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.
Work to repair constrained production issues at the Hibiscus Petroleum Anasuria FPSO are nearing completion.
Energy giant BP has sent congratulations to the Queen as she marks her Platinum Jubilee.
Well known oil and gas industry veteran Dave Stewart was enjoying a holiday in Portugal when he received a call to tell him he had been awarded an MBE.
Shell (LON: SHEL) has received approval to forge ahead with the development of the Jackdaw gas field in the North Sea.
Helicopter operator CHC has been ordered by the UK's competition watchdog to sell off its newly-acquired Babcock North Sea business.
North Sea oil and gas firm Tailwind Energy has reported 2021 pre-tax profits of more than £80 million.
An American credit rating agency has named Ithaca Energy as the operator likely to be hit hardest by the UK Government’s oil and gas windfall tax.
Rough, the UK’s largest gas storage site which controversially closed in 2017, is to “reopen within months” according to a report.
The UK Treasury is set to collect record revenue from oil and gas this year - with or without a windfall tax.
Petrofac has been named well engineering operator on the upcoming i3 Energy Serenity appraisal.
EnQuest has said its Kraken FPSO is “almost impossible to electrify” and is looking at creative alternatives to decarbonise the asset.
Oil giant Shell (LON: SHEL) has backtracked on its previous optimism about the UK Government’s new energy profits levy.
Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
A Shell garage in Aberdeen has been wrapped in the Pride flag to mark a major LGBT+ celebration in the city tomorrow.
The Chancellor’s Energy Profits Levy, announced yesterday, is a disappointing and worrying development for industry. The shockwaves will undoubtedly be felt in offshore energy jobs and communities for years to come.
Windfall tax measures announced by Rishi Sunak could "accelerate" major UK oil and gas projects like Cambo and Rosebank, according to experts.
Plans to enact a windfall tax on the profits of the oil and gas companies have drawn a mixed reaction from political figures.
French industrial services giant Altrad has continued its acquisition spree by snapping up Doosan Babcock for an undisclosed fee.
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.
Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.
Growing North Sea operator Ithaca Energy has set out its expected capital expenditure plans of $444m this year as a pair of projects progress.
A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.
An energy transition boss at Petrofac (LON: PFC) has indicated the company would be keen to team up with others to progress a major decarbonisation project.