Energy secretary talks Scotland investment in Aberdeen visit
UK energy secretary Ed Miliband is set to visit Aberdeen on Thursday, promoting billions of potential funding and policy measures to support Scotland's energy sector.
Offshore Energies UK
UK energy sector reacts to GB Energy headquarters announcement
The UK energy sector has welcomed confirmation that GB Energy's headquarters will be based in Aberdeen, but called for more clarity over the government's energy policy.
Labour’s North Sea tax hike to land £13 billion blow to UK economy, OEUK says
UK government plans to raise the windfall tax on North Sea oil and gas firms could cause a £13 billion hit to the UK economy between 2025 and 2029, a report has found.
CCUS sector calls for more support as audit office deems it a ‘risk worth taking’
The National Audit Office warns of inherent risks in CCUS technology, but says the UK has no "credible alternative pathway" to net zero without it.
Labour manifesto promises ‘phased and responsible’ North Sea transition
The Labour Party released its election manifesto promising a “phased and responsible” transition in the North Sea and pledged to make Britain a “clean energy superpower”.
Net zero “the biggest engineering project” in the UK ever, OEUK says
The energy transition to net zero will be the "biggest engineering project this country has ever seen", the boss of the UK's offshore energy trade body said.
Mayors call for annual North Sea licencing proposal to be scrapped
Mayors from Manchester, Liverpool, Tyne and Wear and West Yorkshire have called for the Offshore Petroleum Licensing Bill to be scrapped.
Miliband: ‘We’re going to carry on using North Sea oil under Labour’
Meanwhile OEUK accuses Labour of “misrepresenting” oil firms earnings in the UK tax system.
The UK is a frontrunner in the global transition to cleaner energy – and the industry’s action on methane is the latest example
The North Sea Transition Deal is a ground-breaking deal between Government and industry to plan a path to net zero. The Deal celebrated its first birthday in March 2022, showcasing good progress and encouraging momentum. Offshore Energies UK (OEUK) continues to celebrate the Deal’s 18 month anniversary with the launch of Methane Action Plan (MAP) Guidelines last month –seeing the UK oil and gas industry take another step forward in its journey to net zero emissions. The Deal sets out a clear roadmap for accelerating green energy technologies, cutting emissions and, ultimately, delivering a net zero industry by 2050.
Scottish energy secretary Matheson backs extension of North Sea windfall tax
Scottish energy secretary Michael Matheson has backed an extension to the North Sea windfall tax, and said he would broaden it to a range of other industries.
UK oil and gas lobby group disappointed as windfall tax becomes law
The UK’s main lobby group for the oil and gas industry urged ministers to work with the sector to minimize the the impact of a new windfall tax on profits.
Dozens of refugees arrive in Aberdeen as Ukraine’s Naftogaz gets standing ovation
A top boss at Ukraine national energy firm Naftogaz received a standing ovation in Aberdeen today as he thanked the city for housing displaced families of his employees.
Harbour Energy CEO and rebranded regulator to headline OEUK conference
The chief executive of Harbour Energy and the head of the recently-rebranded North Sea Transition Authority will headline a major industry conference next month.
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.
Report: Rich nations including UK ‘must end oil and gas by 2034’
Rich countries must end oil and gas production by 2034 to keep the world on track for the Paris Agreement climate change target and give poorer nations longer to replace their income from fossil fuels, a new report says.
Jeremy Cresswell: Shocking fragility of the UK’s energy system
Far from having an energy production, supply and distribution machine that is robust and flexible as claimed, the UK’s is in a mess.
‘I suppose it was inevitable’: Campaigner, industry and analyst reaction to OGUK rebrand
Reaction to news that the leading trade body for the North Sea, Oil and Gas UK (OGUK), is rebranding has varied from claims of it being a “PR stunt” to praise for a move that’s “not before time”.
Exclusive: North Sea trade body OGUK drops ‘oil and gas’ from name in new energies rebrand
Oil and Gas UK (OGUK) is dropping “oil and gas” from its name in a rebrand which will see its focus and remit broaden to new energy sources.