Who is the UK North Sea’s top tax payer?
Just 35 North Sea companies paid £7.5billion in 2023 as sector warns UK tax policies will kill jobs, investment and receipts.
Offshore Energies UK (OEUK)
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.
EVOL: All about OEUK’s big day out in Aberdeen
On Energy Voice Out Loud this week, news editor Erikka Askeland and reporter Mathew Perry take in the OEUK Conference: Powering Our Energy Future.
Shrinking oil and gas profits tax take ‘casts doubt’ on UK Government plans
The decline in the North Sea tax base raises further questions over the £1.2bn per annum uplift in windfall tax revenues which the government has ear marked to fund GB Energy.
North Sea must ‘look beyond’ windfall tax to be ‘open for business’
UK energy minister Michael Shanks has urged North Sea investors to "look beyond" the government's proposed windfall tax, despite warnings the oil and gas sector is "under threat".
BP UK boss warns against North Sea ‘cliffhanger’ ahead of budget
60 years to the day since BP got its first licence to operate in the North Sea, Doris Reiter warns the 'basin will lose out' on jobs, investment and the energy transition unless government and industry get on the same page on taxes.
North Sea energy choice: face ‘premature end’ or be ‘shining example’
Industry and policy makers have a choice, either the UK North Sea faces a "premature end" or it could be a " shining example of how to transition an oil and gas province into a clean energy super basin".
SPE celebrates 50 years in Aberdeen
The Aberdeen section of the Society of Petroleum Engineers (SPE) celebrated its half-centenary with a knees up in the Granite City’s Music Hall.
Energy job losses in Aberdeen affect more than just industry
North-east business leaders not yet certain if GB Energy can fill the gap as job loss concerns hit energy sector.
AR6 falls short of capacity additions needed for 2030 net zero target
The 3.7GW of offshore wind capacity procured in Allocation Round 6 (AR6) falls short of what the country needs to reach its net zero goals, according to trade body Offshore Energies UK (OEUK).
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.
Power Moves: Gillian King leaves NZTC and more
Gillian King has left her position as the director of business development at the Net Zero Technology Centre (NZTC).
UK energy supply chain companies warn “time is running out” to save jobs and investment
The 42 companies manufacturers, professional services and engineering companies employing tens of thousands have issued a joint letter to Sarah Jones, Minister of State for Industry and Decarbonisation.
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.
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.