All the updated news related to offshore energy

All the news related to offshore energy updated in real time

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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

Do not let windfall tax run beyond 2025, energy chiefs tell PM candidates

An oil and gas body has urged the candidates in the running to become prime minister to scrap the windfall tax on profits as soon as possible. In open letters to both candidates, Offshore Energies UK claimed the sector would pay about £13....

12 Aug 2022 at 01:01

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 ...

03 Aug 2022 at 14:48

Proposed oil field will have lowest possible carbon footprint, vows developer

Development plans have been announced for an oil field which could produce almost 70,000 barrels of oil a day at its peak. Norwegian state-controlled Equinor said it wants to take forward projects such as the Rosebank field – which is ...

05 Aug 2022 at 18:07

Almost £7 billion in profits ‘obscene’ as bills soar, BP told

The almost £7 billion in profit made by oil giant BP in the second quarter of this year have been described as “obscene”. On Tuesday the company announced underlying replacement cost profits – its preferred measure – jumped to a far ...

02 Aug 2022 at 15:47

Lewis and Javid oppose using windfall tax to battle cost-of-living crisis

Two Cabinet ministers have voiced their objections to imposing a windfall tax on oil and gas firms to address the cost-of-living crisis. Prime Minister Boris Johnson has come under pressure to introduce a one-off levy on firms ...

22 May 2022 at 08:00

Oil and gas industry warns ministers on impact of any new ‘windfall tax’

A windfall tax on oil and gas producers would put investment and jobs at risk, the industry’s trade body warned ministers. Boris Johnson has come under pressure to introduce a one-off levy on firms which have benefited from ...

18 May 2022 at 19:00

Boris Johnson: I cannot ‘magic away’ cost-of-living crisis

Boris Johnson said he cannot “magic away” all the soaring food and energy expenses as he comes under increasing pressure to alleviate the cost-of-living crisis. Instead the Prime Minister vowed on Friday to use the ...

20 May 2022 at 15:58

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 ...

24 May 2022 at 11:27

Jacob Rees-Mogg warns against raiding ‘honey pot’ with oil and gas windfall tax

Jacob Rees-Mogg argued it is wrong to raid the “honey pot of business” to fund measures to ease the cost-of-living crisis by imposing a windfall tax on oil and gas giants. The Brexit opportunities minister ...

20 May 2022 at 14:28

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 ...

24 May 2022 at 11:35

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 ...

24 May 2022 at 01:01

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