All the updated news related to north sea oil

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UK ministers give green light to new North Sea oil and gas operations

Climate campaigners are threatening legal action after the UK Government gave its backing to an expansion of oil and gas operations in the North Sea. The North Sea Transition Authority (NSTA) is now expected to undertake a new round of oil and gas ...

22 Sept 2022 at 16:40

City

Centrica ‘will not challenge windfall tax’

British Gas owner Centrica will not launch a legal bid to challenge the Government’s new windfall tax, its chairman said on Tuesday. But Scott Wheway warned of “long-term problems” if the tax is expanded to include power generators. He added that ...

07 Jun 2022 at 12:56

City

Gas producer Serica to offset ‘large element’ of windfall tax

One of the UK’s biggest gas producers has said it will be able to offset a “large element” of the new windfall tax that the Government has put on North Sea explorers. Serica Energy said it is planning to spend around £60 million on two projects ...

06 Jun 2022 at 12:45

Scotland

Unite demands intervention over oil company’s mandatory vaccine rule

A union has called for Government intervention after an offshore contractor is said to have introduced a “draconian” mandatory vaccine policy. Canadian Natural Resources (CNR) International, which has offices in Aberdeen, is believed to be the ...

18 Jan 2022 at 12:59

UK Government urged to reject ‘climate-wrecking’ Rosebank oil field plans

UK Government ministers have been urged to halt “climate-wrecking” development plans for a new oil field in the North Sea. Rosebank, located north-west of Shetland, is thought to be twice the size of the controversial Cambo development, and ...

05 Jan 2023 at 00:01

Scotland

North-east economy will not decline as oil and gas production falls – Matheson

The Energy Secretary has denied there will be an economic decline in the north east of Scotland as oil and gas production falls. Michael Matheson was speaking after the launch of his new energy strategy on Tuesday. The document set out the ...

11 Jan 2023 at 16:03

Cabinet rift appears over prospect of windfall tax on oil and gas profits

Business Secretary Kwasi Kwarteng has voiced firm opposition to a windfall tax on oil and gas companies despite Chancellor Rishi Sunak raising the possibility. The Cabinet minister was adamant that it would be a “disincentive” to ...

01 May 2022 at 12:25

Scotland

No cliff edge for oil and gas sector under Labour, vows Sarwar

Scottish Labour leader Anas Sarwar has promised there will be “no cliff edge” for oil and gas following concerns about Sir Keir Starmer’s plans for the sector. Speaking to a group of business leaders as he announced a panel that ...

31 Aug 2023 at 13:12

Sunak set for Aberdeenshire visit to set out energy security plans

Rishi Sunak will hail the role Scotland plays in the UK’s energy security plans during a visit on Monday. The Government’s own energy plans are set to dominate the coming days, with ministers scheduled to meet with industry ...

30 Jul 2023 at 22:30

Oil and gas here for some time, says minister amid questions over Rosebank

Oil and gas extraction will continue “for some time”, Scotland’s Wellbeing Economy Secretary said as he was questioned about his support for a controversial oil field. Neil Gray was speaking as Government Expenditure and ...

17 Aug 2023 at 09:23

Sunak expects grilling from daughters over fossil fuel plans

Rishi Sunak is expecting his climate-conscious daughters to grill him on his plans to “max out” the UK’s oil and gas reserves. The Prime Minister said he is confident he can win them over with his argument that the UK ...

02 Aug 2023 at 12:32

City

Government urged to do more on energy profits as oil and gas prices fall

Opposition parties said that the Government was failing to act as oil companies continue to rake in massive profits even though oil and gas prices have come down from last year’s highs. BP on Tuesday reported that it ...

01 Aug 2023 at 12:17

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