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The Latest Breaking News from OEUK

Less offshore decommissioning work carried out in 2023 despite higher spend

Offshore Energy UK said £1.7 billion was spent on decommissioning in the UK continental shelf in 2023.

The Independent UK

‘They’re killing us’: Aberdeen braces for end to North Sea oil as clean energy plan takes shape

The granite city has weathered many storms over the years but people there now fear the impact of the government’s tax plans on the local economy and jobs

The Guardian - UK

Scottish Greens accuse oil and gas sector of 'spin' after emissions claims

THE UK’s oil and gas industry has made “significant progress” towards its emissions reduction targets, according to a new report ...

The National (Scotland)

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North Sea firms claim windfall tax risks 35,000 jobs and £12bn in tax receipts

Industry group says plans for tougher taxes would ‘trigger an accelerated fall’ in output and investment

The Guardian - UK

Humza Yousaf meets senior oil and gas figures ahead of just transition plan launch

Scotland’s First Minister has met senior figures in the oil and gas sector ahead of his Government publishing its energy and just transition…

The National (Scotland)

Rosebank faces legal battle as UK Government hands oil giant 'massive tax break'

A PROMISE of legal action has greeted the UK Government giving the green light to the Rosebank oil field in the North Sea ...

The National (Scotland)

Offshore energy jobs could increase by 50% by end of decade, research finds

The new report by Robert Gordon University was praised by a leading trade association for the energy sector.

The Independent UK

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Hopes on Claire Coutinho to speed up net zero drive

Campaigners and industry experts see a fresh start in the new energy secretary’s appointment.

The Independent UK

Calls for inquiry into Tory MP's potential ministerial code breach

The SNP have called for a “full, independent inquiry” into whether Scottish Tory MP David Duguid has broken the ministerial code.

The National (Scotland)

Wife of Scottish Tory MP who railed against windfall tax for oil giants has BP shares

A SCOTTISH Tory MP who criticised windfall taxes on oil and gas firms did not declare that his wife has more than £50,000 worth of shares in…

The National (Scotland)

Wife of Tory MP who criticised windfall tax on oil firms has £50,000 in BP shares

David Duguid opposing tax while wife is in receipt of BP dividends raises questions over potential conflict of interest

The Guardian - UK

Oil and gas emissions predicted to rise for North Sea companies

Shell and BP responsible for around 36% of the total 725 million tonnes of CO2 set to be emitted between now and 2030

Insider UK

Opportunity for prosperous offshore energy sector ‘hangs in balance’

Industry body's latest report criticises high taxes and political uncertainty

Insider UK

Opportunity for prosperous offshore energy sector ‘hangs in balance’ – report

Offshore Energies UK has published its Business Outlook report.

The Independent UK

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The Independent UK

UK energy import bill more than doubled to £117bn last year, report shows

The Offshore Energies UK report said this is the first time that annual UK energy import costs have gone past £100 billion.

The National (Scotland)

'Brass neck': Oil lobby calls for windfall tax to be dropped as firms make billions

THE oil lobby has been accused of a “brass neck” after calling for the windfall tax to be scrapped just days after energy firms reported…

Insider UK

'Urgent action needed' to help firms accelerate low carbon energy shift

Industry body calls on government to provide a stable regulatory and fiscal framework

Insider UK

New chief executive set to take helm at Offshore Energies UK

Replacing Deirdre Michie, he will take up the post next month

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Birmingham Post

Skills shortage warning from oil and gas in transition to Net Zero

Offshore Energies UK flags issue as numbers drop in a decade despite being on the cusp of huge opportunities

Insider UK

New oil and gas licence plans 'will withstand legal challenge'

Environmental activists are thought to be preparing action against the next round of extraction

Evening Standard

Hike UK oil and gas production to reduce reliance on imports, energy body urges

Offshore Energy UK claims that the UK’s reliance on oil and gas imports will rise without more North Sea projects being given the green light.

The Independent UK

Domestic energy spend to top £100bn after October price rise, report estimates

The economic report by the Offshore Energy UK has set out measures the UK Government can take to ease the pressure.

The Independent UK

‘Significant improvements’ needed to meet offshore renewable targets – report

The UK Government plans to increase its offshore renewable energy targets four-fold by 2030.

Insider UK

Proposed Rosebank oil field 'will have lowest possible carbon footprint'

Equinor says a final investment decision could happen next year

Insider UK

Offshore Energies UK starts search for new CEO

Deirdre Michie will step down in December after eight years in the role

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