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The Latest Breaking News from North Sea

Energy firms whinge over 'lack of investment' due to windfall tax

ENERGY companies have been complaining to Chancellor Rishi Sunak that windfall tax could damage investment in the North Sea.

The National (Scotland)

Chancellor to meet oil and gas industry leaders in Aberdeen

Rishi Sunak will host a roundtable with representatives from the sector on Thursday.

The Independent UK

Chancellor visits Aberdeen to appease oil and gas executives

Rishi Sunak is set to hear from both staff and bosses at North Sea energy companies

Insider UK

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Rishi Sunak faces hostile reception at oil and gas summit in Aberdeen

EMBATTLED Chancellor Rishi Sunak is expected to host a meeting with oil and gas chiefs in Aberdeen on Thursday after announcing a raid on their…

The National (Scotland)

Windfall tax ‘seriously flawed’, says North Sea oil and gas producer

Harbour Energy lobbies Rishi Sunak for changes to profits levy because of impact on smaller firms

The Guardian - UK

Norwegian oil giant ‘threatens to ditch £4.5bn North Sea project over Rishi Sunak’s windfall tax’

The firm ‘privately said’ its funding of the extraction project is ‘under review’, a source has said

The Independent UK

Europe wilts under early heat wave from Med to North Sea

A blanket of hot air stretching from the Mediterranean to the North Sea is bringing much of Western Europe its first heat wave of the summer.

WEKU

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Europe wilts under early heat wave from Med to North Sea

A blanket of hot air stretching from the Mediterranean to the North Sea is giving much of western Europe its first heat wave of the summer, with temperatures forecast to top 30 degrees Celsius (86 degrees Fahrenheit) from Malaga to London on Friday

The Independent UK

Failure to tackle Teesside’s toxic legacy is devastating for sea life and livelihoods

Letters: Peter R Race and Paul Brown on the contamination of the Tees and the North Sea and the dead shellfish littering beaches in the area

The Guardian - UK

First ever carbon capture storage licence bids invited for North Sea

Intense competition anticipated for diverse portfolio of assets to add to developing projects

Birmingham Post

Mum and young children rescued in North Sea after dinghy capsizes

RNLI raced to the emergency scene off the coast of Stonehaven on Sunday morning.

Daily Record

Tax breaks could lead to more than £8bn of North Sea projects

Investment incentives in the chancellors windfall levy could accelerate oil and gas developments

Insider UK

Sunak’s tax breaks could lead to more than £8bn of North Sea energy projects

Analysts’ forecast comes as campaigners warn windfall tax package could harm climate efforts

The Guardian - UK

Climate campaigners demand UK Government reverses Jackdaw gas field decision

Protesters gathered outside the UK Government office in Edinburgh after Shell was given final approval to develop a controversial new gas field in the North Sea.

Daily Record

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The Guardian - UK

Climate activists vow to fight as new gasfield gets go-ahead in North Sea

Environmentalists threaten legal action over UK permit for Shell to develop Jackdaw field

Insider UK

How to solve the energy transition 'trilemma'?

The war in Ukraine poses questions about how Scotland balances its net zero goals with the energy price crisis

The Guardian - UK

Loophole could let North Sea oil and gas giants slash UK windfall tax bill

Critics warn chancellor Rishi Sunak will raise only a fraction of planned £5bn if firms offset new investment against profits

Daily Mirror

Britain's own 'ATLANTIS' discovered off coast after vast settlement drowned under the sea

Britain’s own ‘Atlantis’ has been found according to experts who recently discovered ancient artefacts in the North Sea which belonged to Stone Age settlements submerged under water

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Asharq Al-Awsat

Decline in North Sea Puffins Causes Concern

The Isle of May, off Scotland's east coast, is home to one of the UK's biggest colonies of seabirds.

The Guardian - UK

Lord Browne: the man who went from BP and the North Sea to net zero

he former oil chief is now championing green energy as an investor – and also backing a windfall tax on his old industry

The National (Scotland)

Rishi Sunak's 'criminal' energy plan will boost fossil fuels and pay wealthy second home owners

The Chancellor's "big bazooka" energy plan is not the simple solution the UK Government are painting it as

The Guardian - UK

Shell says windfall tax threatens North Sea oil and gas investment

Firm says Sunak’s levy creates uncertainty and asks for tax relief that covers investment in renewables

The Guardian - UK

BP to review North Sea investments following windfall tax announcement

Company says it will look at levy’s impact after CEO previously stated no projects would be mothballed

Daily Record

Vulnerable Scots households to receive £1000 for cost of living crisis

The Tory chancellor said his bumper package of benefits funded mainly by a windfall tax on North Sea profits would mean £1000 for low income households in Scotland.

Daily Mirror

'Energy bosses could cut prices and profits instead of demanding Government help'

Voice of the Mirror readers says North Sea producers are enjoying profit bonanzas by exploiting rocketing world gas and electricity charges which is raising the cost of fuel for firms and customers

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