Windfall tax to be dropped if oil and gas prices fall to ‘historically normal levels’
A welcomed move from industry, but projections show the price floor is unlikely to kick in before the tax is due to end in March 2028.
oil and gas
‘Is there a bigger growth opportunity for the UK?’: NSTA on £200bn North Sea investment target
Stuart Payne, CEO of the NSTA, talks North Sea investment, whether electrification will hit the emissions mark, and inspiration from Teddy Roosevelt.
Unite, UK’s largest offshore union, hits out at Labour over North Sea plans
“Grabbing the headlines is easy, developing a serious plan for more renewable energy is not."
Opinion: Starmer’s North Sea plan is only a threat if we let it be
Starmer's North Sea plan is a threat to the north-east Scotland economy, writes Dick Winchester, but radical action could get us better prepared.
Labour’s North Sea plan poses ‘clear and present danger’ to energy security
Meanwhile, on the BBC’s Good Morning Scotland programme, David Whitehouse, CEO of OEUK, said the plan risks “importing the energy transition”.
Labour leader Keir Starmer vows ‘to block new North Sea oil and gas’
The strategy was branded ‘pie in the sky’ in an immediate backlash from Aberdeen and Grampian Chamber of Commerce.
How can Aberdeen ensure its getting the best skills for the energy transition?
Aberdeen’s ongoing transition of decarbonising the oil and gas industry and investing in the development of sustainable green energies has the potential to inject new life into the city, restoring its position on the world stage as an economic powerhouse.
Decommissioning: The Gulf of Mexico’s $30bn unplugged oil well problem
In the US waters of the Gulf of Mexico alone, there are 14,000 unplugged, non-producing offshore oil wells, according to a new study, which could cost $30bn to decommission.
North Sea Transition Deal: Two years strong, seven years to soar
A clean energy revolution is on the horizon, writes OEUK's Emily Taylor.
Flylogix: BP-backed drone firm lands in administration
Flylogix, an oil and gas drone firm which had millions of pounds invested from energy giant BP and fund manager Amati, has gone into administration.
Eliminate nuclear and gas? More questions than answers on Scotland’s baseload power
Brian Wilson takes a look at a recent Scottish Parliament committee, which had plenty of "possibilities and doubts" on the future but not a firm agenda on replacing Scotland's energy supply.
Oil and gas projects: Down at the foot of the Atlantic league table
The Atlantic Ocean Basin covers roughly 20% of Earth’s surface. With neighbouring seas like the North Sea and Caribbean, it covers about 106.4million square km (41.1million sq. miles) and hosts the most diverse array of offshore oil and gas provinces anywhere.
Study links offshore night shift rotations to prostate cancer risk
A university study has found that offshore oil and gas workers frequently rotating between night and day shifts may be at increased risk of developing prostate cancer.
Landmark UK wind reports calls out wait for oil skills passport
A major report delivered to the UK Government on offshore wind has called out a lack of alignment between bodies in delivering a skills passport for oil and gas workers.
Humza Yousaf visits Aberdeen to unveil £25 million for oil and gas transition
The new first minister will announce the investment from the Scottish Government’s dedicated fund aimed at supporting the move away from oil and gas.
Aberdeen KPMG boss Martin Findlay’s glass is half full after 31-year career
Martin Findlay’s glass is half full.
New programme highlights the legacy – or lack of one – from oil and gas industry in Aberdeen
When oil was first discovered in the North Sea in the 1970s, it was the beginning of a golden age for Aberdeen and life was never the same again.
‘Who cares wins’: Could ESG investment woes hit the UK supply chain?
Deal-making in the energy industry is no longer a simple affair, regardless of whether it is fresh investment in new capital projects off- or onshore; assets trading; oil & gas/power generation company mergers and takeovers, or supply chain related.
Hunt told to ‘fix or ditch’ IR35 ahead of spring budget
Westminster is being urged to “fix or ditch” current off-payroll working tax rules ahead of the upcoming spring budget.
Westwood: offshore drilling rig scrapping at lowest level in years
Rig owners are keeping hold of their older units as the offshore drilling sector continues its bounce back from a multi-year downturn.
EY report warns of dangers of hastily winding down ‘£16bn’ Scottish oil and gas industry
A new report has warned of the potential damage to the north-east of prematurely winding down Scotland’s oil and gas industry.
‘F**ks Sake’: Douglas Ross apologises for swearing as oil protestors hit Holyrood
Oil and gas protestors have become a regular fixture disrupting proceedings at the Scottish Parliament – and the Scottish Tory leader has apparently had enough.
BP CEO says more oil and gas investment is good for the climate fight
As the sound of climate protesters reverberated through the conference room, BP (LON: BP) Chief Executive Officer Bernard Looney made the case that investment in more oil and gas is crucial for the transition away from those very fuels.
Scarce high quality oil and gas supplies a threat to ‘healthy energy transition’, says WoodMac
A lack of high quality oil and gas reserves could hamper the pace of decarbonisation as the energy transition gathers pace.
Sweet 16: The key North Sea projects due to come onstream before 2027
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.