Energy bosses urged to end ‘adversarial’ relationship with North Sea supply chain in ‘crisis’
A "desperate" supply chain employing tens of thousands of North Sea workers needs offshore contracts in the energy industry that are both fair and timely.
Offshore Energies UK (OEUK)
Energy supply chain firms ‘in crisis’, warns OEUK
Post-Brexit paperwork, a lack of North Sea projects and a shortage of talent are putting mounting pressure on the UK’s energy supply chain, according to Offshore Energies UK (OEUK).
‘The Time is Now’: New OEUK documentary looks at offshore workforce in transition
Offshore Energies UK (OEUK) has produced a new documentary aiming to shine a light on UK workers tackling the energy transition.
Oil industry warns of ‘disaster’ as Labour pledges to increase windfall tax
Labour shadow chancellor Rachel Reeves has pledged her party will increase the North Sea windfall tax, in a move industry says will spell “disaster”.
Harbour Energy plans hundreds of Aberdeen job cuts over windfall tax
Harbour Energy (LON: HBR) has confirmed plans for a series of job cuts at its North Sea base in Aberdeen - understood to number in the hundreds - due to the windfall tax.
Explainer: The North Sea at centre of new Scottish energy policy
Depending on your point of view, the Scottish Government’s new energy strategy is either a “breathtaking betrayal”, or “welcome” and “correct” – or maybe you’re somewhere in the middle.
UK oil lobby warns financing may dry up after windfall tax
“Unless these are addressed, some companies will face an up-to 50% cut in their reserves-based lending capacity as facilities are reviewed over time by banks.”
How are we helping the offshore energy supply chain?
How is the North Sea supply chain being supported, amid concerns over crippling costs and poor visibility on opportunties?
Former CNR International boss David Whitehouse announced as new OEUK CEO
A North Sea veteran, who spent 20 years working for CNR International, has been unveiled as OEUK’s new chief executive.
‘This area has so much to offer’: BBC’s Countryfile profiles debate on north-east energy sector
Countryfile spoke with industry representatives and campaigners as it examined how the oil and gas sector – and the wider north east region – is responding to the UK’s energy transition.
Windfall extension “a tax too far” sector tells Hunt in key meeting
An expanded windfall tax undermines firms’ ability to invest in the North Sea, sector representatives told Chancellor Jeremy Hunt in a key meeting on Friday, though they failed to secure concessions.
Stars of offshore industry honoured at OEUK awards
Winners of the Offshore Energies UK (OEUK) 2022 Awards were unveiled before a bumper crowd at P&J Live in Aberdeen last night.
Protestors threaten to target OEUK awards in Aberdeen
Protestors have threatened to disrupt an OEUK industry awards event in Aberdeen this evening.
North Sea Notes – Energising Decommissioning
Like the rest of the post-pandemic world, the decommissioning sector has faced a blizzard of change in the past few years.
Windfall tax risks ‘destroying’ North Sea production, Tory MPs warn Chancellor
Tory MPs have told Chancellor Jeremy Hunt that the windfall tax on oil and gas companies needs to be watered down to avoid an “existential threat” to the North Sea.
Windfall Tax: £200bn of investment ‘at risk’ says North Sea trade body
More than £200 billion of UK energy investments, including low carbon solutions, are “at risk” due to the windfall tax, the North Sea trade body has warned.
North Sea to spend £20bn on decom, with 2,000 wells to be plugged over next decade
More than 2,000 North Sea wells are poised to be decommissioned over the next decade, an average of just shy of four a week.
Over 8bn barrels of oil and gas reserves located within 30 miles of North Sea assets, OEUK report finds
Billions of barrels of oil and gas reserves, located near to existing North Sea infrastructure, could hold the key to enhancing UK energy security.
With the Autumn Budget due, a North Sea windfall tax expansion looms
There was once a time when grandiose economic statements were something of a collector’s item.
Industry outrage as government mulls North Sea windfall tax increase to 35%
The UK Government is mulling an increase to the North Sea windfall tax to 35%, Energy Voice understands, in a move which executives said threatens billions of pounds of investment.
‘It’s not about chasing the work, it’s keeping up with it’ says new OEUK decommissioning manager
There is so much work to be done over the next 10 years in decommissioning that executing it could be a bigger concern than the supply chain having to chase it.
Failure on D&I could cut oil firms’ funding, warns North Sea’s top producer
Failing to meet diversity and inclusion (D&I) targets could see oil firms’ access to funding being cut, the North Sea’s largest producer has warned.
What comes first, the carrot or the stick?
The Huddersfield born Labour prime minister Harold Wilson famously coined the phrase “A week is a long time in politics”. Recent events in Westminster certainly bear that out.
‘The OIL Machine’: Film on North Sea industry to hit cinemas ahead of COP27
A film spotlighting the “economic, historical and emotional entanglement” of the North Sea oil and gas industry will hit UK cinemas today (Nov 4) – days before COP27.
Tax uncertainty ‘driving investment out of the UK’ OEUK warns Hunt
Trade body Offshore Energies UK has written to Chancellor Jeremy Hunt requesting an “urgent meeting” as it warns revisions to fiscal policy are scaring off UK energy investment.