Energy sector deal to be published by end of next month, Westminster confirms
The UK Government has given fresh commitments that the planned North Sea transition deal will be delivered by the end of next month.
Sector Deal
Westminster accused of playing party politics over sector deal after north-east SNP MPs request for meeting snubbed
The UK Government has been accused of playing party politics over the upcoming North Sea transition deal.
OGUK says Prime Minister’s emissions targets reinforce need for sector deal
Trade body Oil and Gas UK (OGUK) has restated the importance of Westminster following through on its promises of a “transformational” sector deal.
OGUK says autumn ‘snapshot’ reinforces need for North Sea transition deal
Trade body Oil and Gas UK (OGUK) says its autumn “snapshot” reinforces the case for a North Sea transition deal to ensure the industry can “build back better” from Covid-19.
Oil and Gas UK brands climate group report ‘misleading’
Oil and Gas UK has rebuked claims in a new report from a coalition of climate action groups as being “misleading”.
More than 80% of UK oil workers consider leaving the industry, finds climate group report
More than 80% of UK oil and gas workers are considering leaving the industry, according to a new report from climate action groups.
OGA chief hopes for sector deal ‘towards end of this year’
The head of the Oil and Gas Authority (OGA) hopes a government sector deal for the North Sea will be agreed by the end of the year.
We will support oil industry, but change is needed, minister says
The UK's energy minister has said the oil and gas industry will “need to change” to help the country meet its net-zero emissions target by 2050.
North Sea net zero transition will cost £430billion, says OGTC – Wood Mackenzie report
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.
Real ‘horsepower’ going into transitional sector deal proposals, industry chief says
Neil Sims is encouraged by the “horsepower” that’s being put behind the sector’s new sector deal application.
Concerns UK oil regulator ‘losing balance’ in net-zero push, Neptune chief says
The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
UK Government ‘looking at’ oil and gas sector deal, Michael Gove says
Michael Gove has reiterated the UK Government’s consideration of a north-east oil and gas sector deal and confirmed he is exploring support for the city’s hydrogen project.
North Sea job cuts rise to 7,500
More than 7,500 oil and gas workers have lost their jobs since the onset of the coronavirus crisis and tens of thousands more could go, industry leaders have warned.
Aberdeen MSP calls for UK Government to match £62m Holyrood oil and gas package
An Aberdeen MSP has written to Westminster calling on the UK Government to match a £62 million support package made to the north-east oil and gas sector last week.
Sector deal could ‘head off’ any more BP-scale job losses, says MP
An oil and gas sector deal could ensure any further BP-scale job losses are "headed off at the pass", according to a north-east MP.
Extremely challenging conditions for North Sea emphasises the need for sector deal, says EY
The “extremely challenging” conditions presented to the North Sea industry “emphasises the need” for the government’s promised oil and gas sector deal, according to EY.
Oil and Gas: Holding your nerve?
Investing in capital markets is, speculators aside, a long- term play. When times are good investors can relax and take pleasure in their investment prowess; when times are bad investors need to remind themselves, they are in for the long term, and play to the fundamentals.
MPs urge action on oil and gas sector deal
MPs from across the political spectrum yesterday urged the UK Government to make progress on a vital deal to sustain the North Sea energy industry.
UK offshore wind ‘will be backbone’ of energy transition
The Offshore Wind Sector Deal between the UK Government and the offshore wind industry aims to keep the UK’s global lead by hitting the 30GW capacity mark by 2030 and supplying 30% of the UK’s electricity needs.
Calls for ‘urgent, but phased’ oil sector deal approach
A key player behind the oil and gas sector deal yesterday called for more “urgency” in implementing the proposals.
Sector deal needed to protect north-east’s world-leading status, inquiry says
An “ambitious” oil and gas sector deal will be crucial to protect the north-east’s status as a global energy powerhouse, a new report said.
SNP calls for North Sea oil sector deal in Budget
SNP deputy Westminster leader Kirsty Blackman has warned against an "absolute nightmare" no-deal Brexit scenario ahead of the Chancellor's Autumn Budget.
No ‘sector deal’ means no delivery of Vision 2035, warns former North Sea chief
No sector deal also means no delivery of Vision 2035, a former North Sea chief will warn today in evidence to the Scottish affairs committee at Westminster.
OPINION: Helping our offshore supply chain compete
Later today, with my colleagues Neil Gordon, Subsea UK Chief Executive and Stuart Payne, Director of HR and Supply Chain at the Oil & Gas Authority (OGA), I’ll provide evidence to the Scottish Affairs Committee in Westminster on a proposed sector deal.
UK energy secretary ‘very positive’ on oil sector deal
The UK’s energy secretary said yesterday that he felt “very positively” about the oil and gas industry’s bid for a sector deal.