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.
Offshore Energies UK (OEUK)
Windfall tax to be announced ‘as soon as Thursday’
UK Government plans to impose a windfall tax on energy companies are expected to be brought forward and announced “as soon as Thursday”.
UK’s largest oil and gas producer warns windfall tax means ‘fewer projects will be sanctioned’
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.
Exclusive: Skills passport to ‘transform’ North Sea oil and gas workforce
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 launched to address D&I barriers in UK North Sea
New "toolkits" have been launched to drive diversity and inclusion (D&I) in the UK's offshore energy industry.
Harbour, Eni to invest more than £8bn in UK as windfall tax looms
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.
Fake BP and Shell billboards appear across Aberdeen ahead of oil conference
A series of fake adverts have appeared on billboards and bus stops across Aberdeen.
Windfall tax could undermine net-zero investments, trade body warns
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.
OEUK CEO writes to energy secretary to set out North Sea’s contribution to UK’s coffers
The chief executive of Offshore Energies UK has reinforced the need for a predictable fiscal regime in a letter to the energy secretary.
North Sea windfall tax plans voted down in Commons
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.
North-east oil industry needs to enhance ‘narrative’ or risk a ‘brain drain’
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.
North Sea chiefs make plea for ‘stability’ ahead of crucial windfall tax vote
Senior figures in the energy industry have underlined the need for a “stable regime” ahead of a key vote in Westminster today.
Industry calls for rapid action on Queen’s Speech energy measures
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.
Interest in oil and gas courses at Aberdeen Uni down by more than a third, figures show
There has been a general uptick in the number of students applying to degree programmes at Aberdeen University revolving around renewable energy.
Windfall Tax: North Sea firms to invest up to £250bn by 2030, says trade body
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 pressing ahead with Murlach oil and gas field in UK North Sea
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.
NSTA to share electrification competition insights at North Sea event
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.
Baker Hughes VP to succeed Craig Shanaghey as industry D&I lead
Findlay Anderson of Baker Hughes will become the new chairman of the sector's diversity and inclusion (D&I) task group.
UK Government plans ‘accelerators’ for new North Sea projects
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.
Energy Security Strategy ‘must back UK companies and workers’
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.
A year after launch, the North Sea Transition Deal is building our nation’s low-carbon future
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.
Sturgeon accused of having ‘fingers in ears’ after refusing to shift stance on Cambo
Scotland’s First Minister has been described as a threat to energy security after she reiterated her opposition to a controversial North Sea oilfield.
NEO Energy chief calls for cross-party support to help industry plan for the long-term
A senior figure at NEO Energy has called for cross-party support to help the energy industry map out its long-term future.
OEUK CEO says “no one” in sector wants to profit from cost-of-living crisis
A senior oil and gas figure has stressed that “no one” in the sector “wants to benefit or profit” as households struggle to pay their energy bills.
OEUK issues stark energy security warning as Norway becomes UK’s primary gas supplier
The amount of gas the UK imports from Norway has outstripped domestic supplies for the first time, a key industry study has found.