All the updated news related to oeuk

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Scotland

Carbon capture could be worth £100 billion to UK economy by 2050 – report

Carbon capture and storage could be worth £100 billion by 2050, an industry report has said, with analysts predicting the UK has enough capacity to hold two centuries’ worth of emissions. But despite the country being well-placed to become a world ...

27 Jul 2022 at 10:20

Scotland

Trade body Offshore Energies UK starts search for new head

An energy trade body has started the search for a new chief executive officer as the current boss prepares to step down. Offshore Energies UK (OEUK) – formerly Oil and Gas UK – announced that current chief, Deirdre Michie, will step down in ...

03 Aug 2022 at 14:48

Eco activists ‘could undermine energy security and hinder net-zero effort’

The UK’s leading offshore energy body has warned that environmental activists could undermine the country’s energy security and hinder its efforts to reach net zero. Protests, legal action and publicity stunts by organisations including ...

24 May 2022 at 11:35

New oil and gas licence plans will withstand legal challenge, says energy boss

The body that represents the UK’s offshore energy sector has insisted it is “confident” plans for new oil and gas licences for the North Sea will withstand a threatened legal challenge from climate campaigners. It is expected the North ...

29 Sept 2022 at 14:49

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

The opportunity to create a prosperous offshore industry that helps the UK move towards net zero “hangs in the balance” as investment falls due to challenges such as windfall taxes, according to research. Offshore Energies UK’s (OEUK) ...

28 Mar 2023 at 00:01

Oil and gas producers warn windfall tax would do long-term harm to industry

Rishi Sunak has been warned that a windfall tax on energy firms would see higher prices and do long-term damage to the oil and gas industry. Offshore Energies UK (OEUK), which represents the offshore oil and gas industry, issued the ...

25 May 2022 at 23:00

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 ...

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 ...

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 ...

22 Nov 2022 at 01:01

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

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