All the updated news related to oeuk

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Russian ‘spy’ ship gathered intelligence around Scots wind farms – report

A Russian “spy” ship stopped at sites around wind farms in the North Sea – including off the Scottish coast – in order to gather intelligence, an investigation by European broadcasters claims. A joint report by broadcasters in Denmark, Sweden, ...

19 Apr 2023 at 20:44

Labour oil and gas plans could make UK ‘uninvestable’, says trade body

Labour’s plans for the oil and gas industry could see the UK “move towards being uninvestable”, the sector’s biggest trade body has said. In a briefing for journalists, OEUK said the sector was facing “big challenges” over licensing and ...

26 Mar 2024 at 00:01

Scotland

Oil industry will spend £20bn on decommissioning over next decade, say chiefs

More than 2,000 oil and gas wells are expected to be decommissioned in the North Sea over the next decade at a cost of about £20 billion, according to the industry. A number of decommissioning projects have been brought forward, ...

22 Nov 2022 at 01:01

Oil and gas sector has made ‘significant progress’ on emissions – industry body

The UK’s oil and gas industry has been credited with “significant progress” towards its emissions reduction targets, as figures show its greenhouse gas emissions have fallen by 28% since 2018. According to a report by industry ...

17 Sept 2024 at 00:01

Oil and gas industry calls on Johnson to reject windfall tax proposal

UK companies servicing oil and gas operators have urged the Prime Minister and the Chancellor against enforcing a windfall tax, in an open letter. Political pressure has mounted on the UK Government for a one-off additional ...

24 May 2022 at 01:01

Change windfall tax to make £137bn by 2050, Chancellor told

Chancellor Rachel Reeves has been urged to reform the windfall tax in a move that could boost the economy by £137 billion by 2050. Ahead of the start of its conference in Aberdeen this week, trade body Offshore Energy UK ...

01 Sept 2025 at 09:53

Scotland

Less offshore decommissioning work carried out in 2023 despite higher spend

Less offshore decommissioning work was carried out last year despite the overall amount of money being spent on the activity increasing, the industry has said. Offshore Energy UK (OEUK) said £1.7 billion was spent on ...

19 Nov 2024 at 00:01

Windfall tax could ‘undermine’ energy security targets, offshore chief warns

A windfall tax enforced on oil and gas companies would “undermine” the transition towards energy security, a leading energy chief has said. It comes as 31 companies in the UK’s offshore energy supply chain wrote the ...

24 May 2022 at 11:27

UK ‘must become irresistible place to do energy business’

Private sector investment worth up to £100 billion is needed to deliver key projects to safeguard UK energy security, according to the offshore energies industry. Offshore Energies UK’s 2023 Economic Report said ...

06 Sept 2023 at 00:01

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

The annual industry and domestic consumer spend on energy is estimated to triple if the October price increase goes ahead, experts have warned. It will lead to “significant” financial pressures, with more than ...

07 Sept 2022 at 01:01

Scotland

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

The UK’s energy import bill more than doubled in a year to £117 billion, a report has found. The Offshore Energies UK report (OEUK) has said this is the first time that annual UK energy import costs have ...

22 Mar 2023 at 00:01

Scotland

Most Scots in no rush to shut down North Sea oil production, poll suggests

Most Scots want to avoid a race to shutdown North Sea production, a poll has found, with more than a third wanting to extend oil and gas extraction. North of the border, 59% of those surveyed told ...

21 Feb 2023 at 20:02

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