ICYMI: OEUK Budget letter warns Chancellor of North Sea finance and investment risk
This article was first published on March 6.
Offshore Energies UK (OEUK)
Amid taxes, spending cuts and political opponents, can the new OEUK boss bring the fightback?
‘I relish the challenge’ says new OEUK chief executive David Whitehouse on winning over policymakers.
Windfall Tax: Over 90% of North Sea producers have cut spending
“When you read about companies not investing, those are real people that are losing their jobs, that is hundreds of jobs being lost,” said OEUK chief David Whitehouse.
TotalEnergies safety boss among speakers at OEUK HSE conference
Offshore Energies UK (OEUK) has unveiled the line-up for its upcoming HSE conference in Aberdeen.
Poll shows Scots want to halt rush away from oil and gas
Most Scots want the government to avoid a rush to wind down oil and gas production, according to a poll which puts North Sea jobs at the centre of the SNP leadership debate.
UK North Sea braces for $25bn cash flow crash
Inflation, rig rates and the windfall tax will hit 40 companies over the next five years – some of that cash would otherwise go to areas like safety and decarbonisation.
‘Massive disconnect’ between transition policy and fiscal system, says OEUK
The UK’s offshore trade body said that the government’s energy transition ambitions do not match up with the ‘unpredictable’ fiscal policies surrounding oil and gas.
‘Our sector is suffering’: OEUK boss reflects on first weeks in post
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.
Spotlight on Scottish Energy Strategy
Energy policy and legislation has dominated the political agenda at Holyrood and Westminster since parliamentarians returned in January.
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.
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.