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.
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 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.
UK Government plans to impose a windfall tax on energy companies are expected to be brought forward and announced “as soon as Thursday”.
Harbour Energy chief executive Linda Cook joined industry heads in calling for a “stable” tax environment, and warned of the potential consequences for future North Sea investment should a windfall levy be imposed.
Plans have been set out on creation of a “critical” and long-awaited skills passport to help oil and gas workers transition into renewables.
New "toolkits" have been launched to drive diversity and inclusion (D&I) in the UK's offshore energy industry.
Harbour Energy and Eni are set to invest more than £8 billion in the UK over the next four years, as the sector continues to bat away calls for a windfall tax on energy profits.
A series of fake adverts have appeared on billboards and bus stops across Aberdeen.
Billions of pounds of investments marked for UK net zero infrastructure could be diverted if politicians keep threatening to impose windfall taxes, the head of the offshore sector's trade body will tell conference attendees next week.
The chief executive of Offshore Energies UK has reinforced the need for a predictable fiscal regime in a letter to the energy secretary.
Plans to impose a windfall tax on North Sea oil and gas firms have been voted down in the House of Commons, despite garnering support from both sides of the political aisle.
Oil and gas companies in the north-east have been challenged to alter the narrative around the industry in order to dissuade talent from relocating.
Senior figures in the energy industry have underlined the need for a “stable regime” ahead of a key vote in Westminster today.
Leaders from across the energy sector praised measures outlined in the Queen’s Speech to accelerate renewables and net zero efforts, but decried a lack of efficiency measures and short-term support for consumers.
There has been a general uptick in the number of students applying to degree programmes at Aberdeen University revolving around renewable energy.
The leading offshore UK trade body has claimed North Sea firms could spend up to £250 billion domestically by 2030, “far greater” than any sum to be raised through a windfall tax.
BP is pressing ahead with plans to develop the Murlach oil and gas field in the UK North Sea, hailed by industry leaders as "vitally important" for maximising domestic supply.
Offshore Energies UK (OEUK) will host key operators and the North Sea Transition Authority (NSTA) at an upcoming event examining how the North Sea can reduce emissions through the electrification of offshore platforms.
Findlay Anderson of Baker Hughes will become the new chairman of the sector's diversity and inclusion (D&I) task group.
The UK Government has announced plans for regulatory “accelerators" which it claimed could shave "years off” development time for new oil and gas projects in the North Sea.
The UK Government’s new British Energy Security Strategy must ensure that low-carbon infrastructure is built in the UK, according to energy trade groups and unions.
The UK’s bus and lorry fleets, plus many homes, could be running on low carbon hydrogen within two decades thanks to green technologies now being pioneered in three UK regions renowned until now for their carbon-intensive industries.
Scotland’s First Minister has been described as a threat to energy security after she reiterated her opposition to a controversial North Sea oilfield.
A senior figure at NEO Energy has called for cross-party support to help the energy industry map out its long-term future.