‘Put-off’ investors and shelved projects: The view from London on the North Sea windfall tax
City of London analysts have given their verdicts on the impact of the government’s windfall tax on North Sea oil and gas producers.
oil and gas
Call for NSTA to be ‘lead body’ in North Sea regulator shake up
The former Scottish energy minister has called for the NSTA to be the “lead body” in a regulatory clear up for the North Sea.
Hurricane Energy hits out at ‘unhelpful’ lack of windfall tax detail
Hurricane Energy has branded government’s windfall tax as “unhelpful” particularly due to its lack of public details.
‘Can we cut through the crap here’ – Green MP clashes with OEUK boss during government committee
A senior North Sea figure crossed swords with the UK’s only Green Party MP during a heated discussion about the future of the energy industry.
Rough: Centrica applies to reopen UK’s largest gas storage facility
Centrica has submitted an application to reopen Rough, Britain’s largest gas storage facility, as the country seeks solutions to a harsh winter ahead.
AAB: Why hydrogen and why now?
Over a third of the UK’s carbon emissions are generated by the 80 percent of domestic homes currently using natural gas for heating and cooking.
Tailwind announces production boost for Bittern field in North Sea
Tailwind Energy has boosted production at the Bittern field in the North Sea.
Left without a scooby? Industry needs certainty, windfall tax or not
Sanjoy Sen sets out the case for certainty in the North Sea taxation regime in the wake of last month's windfall tax announcement.
Hundreds of Norway offshore oil workers threaten strikes
Around 11% of the 7,500 offshore oil and gas workers in Norway are threatening strikes if mediation talks fail this week.
British former oil and gas geologist jailed in Iraq for smuggling artefacts
A British former oil and gas geologist has been sentenced by an Iraqi court to 15 years in prison after being convicted of attempting to smuggle artefacts out of the country.
UK’s first ever CCS round will ‘kickstart next phase’ of industry
The UK’s first ever Carbon Capture and Storage (CCS) licensing round is just a week away, mooted by the regulator to “kickstart the next phase of this great industry”.
Windfall tax: Politicians should ‘rise above the calls of the election timetable’
The UK Government’s decision to impose a windfall tax on industry is disappointing and presents challenges to a sector that is focussed on meeting the UK’s energy needs for decades to come.
The Green Freeports race is on
The race is warming up to determine the locations for Scotland’s two Green Freeports.
CHC ordered to sell Babcock North Sea business by competition authorities
Helicopter operator CHC has been ordered by the UK's competition watchdog to sell off its newly-acquired Babcock North Sea business.
Lack of renewables incentive is critical failure in government’s windfall tax scheme
Yesterday's announcement by Sunak was far from destructive for the North Sea oil & gas industry given the generous projects investment tax relief, but it fails, as it turns out, in at least one critical way.
Watch: Boris Johnson says UK has to keep North Sea oil and gas flowing
Boris Johnson said he wants to keep North Sea oil and gas flowing to help tackle the rising cost of living, and urged companies to boost investment.
Windfall tax measures could ‘accelerate’ major UK oil projects like Cambo and Rosebank
Windfall tax measures announced by Rishi Sunak could "accelerate" major UK oil and gas projects like Cambo and Rosebank, according to experts.
‘A proportionate response’ – politicians react to oil and gas windfall tax
Plans to enact a windfall tax on the profits of the oil and gas companies have drawn a mixed reaction from political figures.
Altrad to take on 4,000 workers as company strikes deal to buy Doosan Babcock
French industrial services giant Altrad has continued its acquisition spree by snapping up Doosan Babcock for an undisclosed fee.
Industry slams oil and gas windfall tax which will send ‘shockwaves for years to come’
Rishi Sunak has announced a multibillion-pound windfall tax on oil and gas, which the industry has slammed as sending "shockwaves" on jobs, investment and communities.
Windfall tax risks ‘destabilising £200bn of energy investments’ warns industry chief
A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.
Windfall tax to be announced ‘as soon as Thursday’
UK Government plans to impose a windfall tax on energy companies are expected to be brought forward and announced “as soon as Thursday”.
Dozens of refugees arrive in Aberdeen as Ukraine’s Naftogaz gets standing ovation
A top boss at Ukraine national energy firm Naftogaz received a standing ovation in Aberdeen today as he thanked the city for housing displaced families of his employees.
‘First-of-its-kind’ study to test geothermal energy at North Sea oil field
Petrofac is to support a “first-of-its-kind” study to test whether oil and gas wells in the North Sea can be repurposed for geothermal energy.
Exclusive: Skills passport to ‘transform’ North Sea oil and gas workforce
Plans have been set out on creation of a “critical” and long-awaited skills passport to help oil and gas workers transition into renewables.