The new head of Offshore Energies UK (OEUK) says that despite record-breaking profits, Britain’s energy sector is struggling in the face of increasing taxes and a supply chain crunch.
Energy policy and legislation has dominated the political agenda at Holyrood and Westminster since parliamentarians returned in January.
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.
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).
Offshore Energies UK (OEUK) has produced a new documentary aiming to shine a light on UK workers tackling the energy transition.
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 (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.
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.
“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 is the North Sea supply chain being supported, amid concerns over crippling costs and poor visibility on opportunties?
A North Sea veteran, who spent 20 years working for CNR International, has been unveiled as OEUK’s new chief executive.
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.
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.
Winners of the Offshore Energies UK (OEUK) 2022 Awards were unveiled before a bumper crowd at P&J Live in Aberdeen last night.
Protestors have threatened to disrupt an OEUK industry awards event in Aberdeen this evening.
Like the rest of the post-pandemic world, the decommissioning sector has faced a blizzard of change in the past few years.
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.
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.
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.
Billions of barrels of oil and gas reserves, located near to existing North Sea infrastructure, could hold the key to enhancing UK energy security.
There was once a time when grandiose economic statements were something of a collector’s item.
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.
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.
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.
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.