All the updated news related to oil and gas industry

All the news related to oil and gas industry updated in real time

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World

UN chief criticises ‘grotesque greed’ of oil and gas companies

The United Nations chief has sharply criticised the “grotesque greed” of oil and gas companies for making record profits from the energy crisis on the back of the world’s poorest people, “while destroying our only home”. Secretary-general Antonio ...

04 Aug 2022 at 09:25

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 the sum is also needed to install ...

06 Sept 2023 at 00:01

Scotland’s finance figures to be published as oil revenue increase expected

The annual Government Expenditure and Revenue Scotland (Gers) figures will be published on Wednesday, with a large increase in oil and gas revenues expected. The official statement of Scotland’s finances is likely to suggest Scotland’s implicit ...

16 Aug 2023 at 07:32

Scotland’s deficit falls as North Sea revenues reach record £9.4bn

Scotland’s finances are “improving at a faster rate” than the UK as a whole, a key ally of First Minister Humza Yousaf has insisted – despite new figures showing spending in Scotland continues to exceed the amount raised in revenue. Public ...

16 Aug 2023 at 12:23

Scotland

Climate campaigners march through Edinburgh urging transition from oil and gas

Climate campaigners called for a “properly planned transition” away from oil and gas as they marched through the Scottish capital. On Saturday, protesters from various organisations walked through Edinburgh to demand both the UK and ...

17 Sept 2023 at 00:01

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

Offshore workers call off strike as 10% pay rise accepted

Hundreds of offshore workers have called off their strike after securing a double-digit pay rise. More than 450 offshore drilling and maintenance workers accepted the 10% increase, Unite said on Wednesday, which is ...

26 Oct 2022 at 16:38

Transition to renewables taking longer than thought, senior BP figure tells MPs

The transition to renewables is taking longer than previously thought, a senior member of BP has said, on the same day her company announced it would slash funding for clean energy and ramp up fossil fuel ...

26 Feb 2025 at 17:28

City

Wood Group extends takeover talks with UAE suitor Sidara

Troubled engineering firm John Wood Group has given its Dubai-based suitor Sidara more time to come up with a firm offer. Aberdeen-headquartered Wood Group said Sidara – a privately held network of ...

24 Mar 2025 at 09:22

City

Harbour Energy axing 250 jobs in Aberdeen

Harbour Energy has revealed plans to axe around 250 jobs in Scotland as the firm laid the blame on “punitive” government measures. The oil and gas firm said the cuts – about a quarter of its ...

07 May 2025 at 16:39

PM urged to review oil policy after Trump labels North Sea ‘a treasure chest’

Donald Trump’s call to “incentivise” North Sea oil production should prompt an urgent Downing Street meeting, the shadow Scottish secretary has said. Andrew Bowie called for a review of ...

01 Aug 2025 at 10:37

Renewables and fossil fuels not ‘either-or’, says Reeves after Trump comments

Renewable and non-renewable energy sources are not an “either-or”, Rachel Reeves has said after Donald Trump described North Sea oil as a “treasure chest”. On a visit to Lossiemouth on ...

01 Aug 2025 at 14:05

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