Continued delayed operator payments create ‘a master-slave relationship’
In 2023 more than a fifth of invoices sent to oil firms were paid late, continuing a “master-slave relationship” between operators and supply chain, according to unions.
Offshore Energies UK (OEUK)
Treasury minister meets with oil and gas leaders in Aberdeen to calm EPL fears
OEUK says next few weeks will be "critical" as Treasury Minister promises ongoing talks on windfall tax changes ahead of October budget.
Tory leader candidate admits windfall tax extension was mistake in Aberdeen visit – and now Labour are ‘doubling down’
Leadership hopeful Kemi Badenoch was in the north-east to hear where the Conservative government had "gone wrong".
Aberdeen councillors say Labour’s windfall tax puts just transition at risk
Aberdeen councillors, including Labour members, have unanimously backed a motion agreeing the UK government's windfall tax policy puts jobs and a just transition at risk.
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.
Scotland will lead energy revolution, says Starmer as GB Energy bill introduced
Great British Energy will allow Scotland to “lead the clean energy revolution”, Sir Keir Starmer said as further details about the publicly-owned company are set to be announced.
Swinney to set out new funding for ‘landmark’ carbon capture project
John Swinney will set out new Scottish Government funding for a “landmark” carbon capture and storage project in the north east.
UK energy industry ‘deeply concerned’ ahead of King’s speech
King Charles is set to deliver a speech at the opening of parliament as Labour wants to enact change, however, the energy sector is still “deeply concerned.”
UK government denies it has banned new North Sea drilling
Government insists oil and gas firms that have already applied for licences to explore and drill in the North Sea will not be blocked.
UK energy industry “deeply concerned” as Labour wins landslide
Labour has pledged to establish a publicly-owned energy company in Scotland as well as extend the so-called windfall tax on oil and gas producers, scrap investment incentives and end new North Sea licences.
Election Day: Labour Party policies “could spell chaos” for employment
Trade body OEUK warned "details matter" and so do incentives which have enabled Norway to reduce carbon emissions to record low levels.
Gold standard not gold plated: How the UK’s approach to health and safety is changing the world
UK standards in health and safety underpin what makes North Sea goods and services attractive in other regions.
Next government urged to fund ‘just transition’ for oil and gas workers
The next government must provide a “clear and funded” transition plan for workers in the offshore oil and gas industry, including the North Sea, green groups and unions have urged.
The Euros and Oil: UK skills risk ‘being benched’
The Euros started with disappointment for Scotland fans and the energy transition risks going the same way for skilled oil workers, Global E&C’s CEO explained.
UK could beat oil output forecast by 30% if investment secured
The UK could be pumping almost 30% more oil and gas than currently projected at the end of the decade if about £20 billion of new investment can be secured, according to an industry group.
200,000 people’s ‘livelihoods depend on the sector’ – OEUK hammers home importance of UK jobs
OEUK has played up the importance of the energy sector on UK jobs as the country gears up for an election in its latest report.
North Sea could produce another 5bn barrels – but only if it cuts carbon
The North Sea basin could produce another 5 billion barrels of oil and gas - but only if it can strip carbon pollution from its operations, the industry regulator has warned.
Jobs to be at the heart of energy policy during UK election
Two UK energy trade bodies have said that jobs and skills will play a key role in the election campaign as the country gets ready to vote in July.
General election outcome ‘will be felt for decades to come’
The UK government has announced a date for the upcoming general election, with the energy sector set to become a battleground for debate.
Study finds offshore wind injury rate four times higher than oil and gas
Union officials liken offshore wind to "the Wild West" and call for industry specific safety reforms.
Inside the job of maintaining the offshore energy sector’s social licence to operate
In 2021, weeks after the COP26 summit in Glasgow, the chairman of the UK's Oil and Gas Authority said the North Sea offshore energy industry's social licence to operate was "barely holding".
Revealed: North Sea firms with the largest gender pay gaps
Equinor is paying women more than men on average with other operators like CNR International and Perenco falling well below the UK gender pay gap average.
OEUK appoints trio of North Sea bosses to its board
Trade body Offshore Energies UK has made a series of appointments to its board with North Sea bosses from Well-Safe Solutions, EnQuest and Wood all joining.
North Sea project approvals for 2024 might already be over
"We might not even see any further approvals this year" amid regulator pressure and tax uncertainties.
Environmental campaigners question 200,000 North Sea jobs figure
As the House of Lords prepares to debate the UK government's Offshore Petroleum Licensing (OPL) bill today, environmental campaigners are calling into question the government's use of figures showing the North Sea oil and gas industry supports 200,000 jobs.