All the updated news related to oeuk

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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 December ...

03 Aug 2022 at 14:48

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 Sea ...

29 Sept 2022 at 14:49

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

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 ...

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 ...

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 ...

01 Sept 2025 at 09:53

North Sea has ‘much more to do’ to meet emissions targets for 2040 onwards

Oil and gas producers in the North Sea have “much more to do” if the sector is to meet its targets for reducing emissions in 2040 and 2050, a report has found. The North Sea Transition Authority (NSTA) said in ...

02 Sept 2025 at 00:01

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 ...

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 ...

24 May 2022 at 11:27

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