How will the 33rd licensing round work?
The long-awaited 33rd offshore oil and gas licensing round officially launches today.
UK Government
Government to fast track five North Sea oil and gas fields, including Cambo and Murlach
A handful of North Sea oil and gas schemes have been included in a list of infrastructure projects the UK Government is aiming to fast track.
North Sea oil and gas emissions down more than 20% since 2018
Fresh analysis has spotlighted the headway the North Sea oil and gas industry is making in its quest to slash operational emissions.
UK winning majority of onshore decommissioning work, figures reveal
The majority of UK North Sea assets are being dismantled in Britain, new figures have revealed amid concerns of overseas yards winning decommissioning work.
UK Gov working to ‘break link’ between renewables and gas prices
Work is ongoing to “break the link” between the cost of gas and electricity prices in the UK, the prime minister has confirmed.
North Sea boss calls for an energy secretary in Liz Truss’ cabinet
The CEO of North Sea operator Spirit Energy has called for Liz Truss to appoint an energy secretary to her new government.
UK gas producers boost domestic supplies by a quarter in just six months
Gas companies have stepped up to the plate in recent months to help the UK cut its dependence on imports.
‘Oil Slicks’ group to protest outside Shell’s North Sea headquarters
A group of activists will demonstrate outside the gates of Shell’s North Sea headquarters in Aberdeen today.
‘Urgent action’ needed to ensure north-east is at heart of UK’s £100 billion CCS industry
Carbon capture and storage (CCS) could create and underpin thousands of green jobs in the north and north-east of Scotland in the coming years.
UK Government moves to boost green hydrogen amid soaring gas prices
The UK Government is moving forward with policies to ramp up its nascent green hydrogen industry that uses renewable energy as it seeks ways to reduce dependence on imports of natural gas.
Windfall tax on oil and gas profits takes a step closer to becoming law
The Government's windfall tax on the soaring profits of oil and gas companies has taken a step closer to becoming law.
UK to set out plans next week on electricity generator windfall tax
The UK plans to announce in the coming days whether it will extend a windfall tax to electricity generators -- a difficult task as the government tries to help consumers struggling with inflation while also supporting renewable energy.
North Sea bosses seek urgent windfall tax meeting with new Chancellor Zahawi
North Sea industry leaders are seeking an urgent meeting with the new Chancellor, Nadhim Zahawi, on the windfall tax.
UK Government plan will not deliver legal net zero targets – Climate Committee
Climate change advisors have warned that UK Government plans for tackling global warming will not deliver on legal targets to cut emissions in the coming decades.
UK Government to relax gas quality rules to boost North Sea supply
Kwasi Kwarteng is looking at relaxing gas quality rules for UK pipelines so North Sea supply can help beat the energy crisis.
BP paid tax to UK on North Sea business for first time in years
BP (LON: BP) paid tax on its UK North Sea business in 2021 for the first time in at least six years, according to the company’s latest payments to governments report.
Final grant agreement reached for £130m Blyth subsea cable facility
JDR Cable Systems has secured financial support for a new “state-of-the-art” subsea cable manufacturing facility in the north-east of England.
Government told to ensure North Sea investment allowances include platform electrification
The UK Government has come under pressure to ensure that platform electrification is included in the North Sea investment relief programme.
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.
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.