Windfall tax tipped to hit Ithaca Energy and Harbour Energy particularly hard
An American credit rating agency has named Ithaca Energy as the operator likely to be hit hardest by the UK Government’s oil and gas windfall tax.
UK Government
Rough: Britain’s largest gas storage site to reopen ‘within months’
Rough, the UK’s largest gas storage site which controversially closed in 2017, is to “reopen within months” according to a report.
UK North Sea sees chance for political reprieve in energy crisis
Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history.
UK needs ‘another Buzzard’ to balance North Sea decline and reduce imports
A leading analyst says the North Sea “could do with another Buzzard” to offset production decline and plug the import gap.
Neptune Energy to splash out over £800m to support UK energy security
Neptune Energy has announced today it will spend more than $1 billion (£810 million) to help shore up the UK’s energy supplies.
North Sea firms paying £19m daily to UK Gov as windfall tax comments deemed ‘unwise’
North Sea oil and gas firms contributed more than £1.7 billion to the UK Government’s coffers in just 90 days, new figures have revealed.
UK Government launches new public body to oversee energy network
A new public body has been launched to boost the security and resilience of UK energy supplies and support the transition to net zero.
Worley to create 1,000 ‘highly skilled’ jobs in UK to support energy transition
Australian engineering giant Worley (ASX: WOR) has pledged to create hundreds of jobs in the UK as part of an expansion of its operations.
Westminster aiming to ramp up renewables targets in energy security push
The UK Government is poised to drastically ramp up its renewables targets, according to reports.
Spring statement: Key demands facing Rishi Sunak ahead of mini-budget
Chancellor Rishi Sunak will come under pressure to offer more support to working families in financial pain as he makes his spring statement on Wednesday.
‘Cambo has to go ahead’: Industry debates as Shell reconsiders oilfield exit
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.
New licensing will ‘keep up the momentum’ for North Sea: Energy Minister
New North Sea licensing this year is part of the UK Government’s “ongoing” commitment to the sector, the energy minister has said.
Treasury to encourage banks to fund North Sea oil and gas
The Treasury will meet with lenders today to encourage them to fund North Sea oil and gas.
Shell with new plan to get Jackdaw gas field online in 2025
Shell has unveiled new plans in a bid to get its rejected Jackdaw gas field in the North Sea back on track.
UK Government mulls relaxing North Sea climate checkpoints
The UK government is considering changing incoming rules on climate checkpoints that govern the award of new permits for North Sea oil and gas fields.
Decom decision finally looms on fate of controversial Shell Brent legs
A decision is finally on the way for whether Shell will be allowed to leave the giant platform legs of the Brent field in the North Sea forever.
Taskforce launched to support ‘shipbuilding renaissance’ in UK
A new organisation has been launched today aimed at fostering a “shipbuilding renaissance” across the UK.
Lords committee demands government provide detail on how net zero will be financed
A critical gap in the government’s energy policy means the UK could be on course to miss its target to zero out emissions by 2050.
Updated: Repsol Sinopec confirms Russian oil tanker will not visit Orkney
A Russian state-owned oil tanker will not visit Orkney after the UK Transport Secretary asked ports to deny vessels from the country entry.
Matheson: Scotland up to £6.7 billion better off with carbon capture investment
Scotland would be up to £6.7 billion better off with investment in carbon capture technology, the energy minister has said.
Scottish and UK governments agree deal for two ‘green freeports’
The UK and Scottish governments have agreed there will be two "green freeports" north of the border.
Using the courts as a vehicle for climate change action
In January the High Court comprehensively rejected arguments brought by three environmental campaigners under the banner “Paid to Pollute” against the OGA Strategy.
Equinor enters UK hydrogen project into cluster contest, signs deals with Ineos, Centrica and others
Equinor has formally entered its flagship hydrogen project into the second phase of a key UK Government funding competition.
Court throws out claim that government is ‘unlawful’ in supporting North Sea oil
A High Court has thrown out a legal challenge claiming that the UK Government had acted unlawfully in its support for North Sea oil and gas.
Wind farms are paying the UK Government for the first time ever
For the first time ever, the giant fleet of UK wind farms are earning the government money.