All the updated news related to oil industry

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North Sea decommissioning costs fall 25% to £44.5bn

The cost of decommissioning North Sea oil and gas infrastructure has fallen by 25% to £44.5 billion over the last five years, according to estimates from the industry regulator. The North Sea Transition Authority (NSTA) says the industry has been ...

04 Aug 2022 at 12:36

More than 80 arrested in Essex as climate change protests continue

More than 80 people have been arrested in Essex as climate change protesters continued to block oil terminals. Activists from Just Stop Oil said on Saturday they had blocked access to the Titan Truck Park and revealed a secret underground ...

02 Apr 2022 at 14:55

Shell confirms licence extended for controversial Cambo oil field

UK authorities have granted the Cambo oil field a licence extension – with environmental campaigners claiming the move keeps the controversial project on “life support”. The licence for developing the area, which lies to the west of ...

30 Mar 2022 at 16:25

Climate change activists continue blocking oil terminals

Climate change protesters say they are continuing to block oil terminals after at least 34 arrests across the country. Activists from Just Stop Oil said they have blocked access to the Titan Truck Park and revealed a secret ...

02 Apr 2022 at 10:25

UK Government urged to reject ‘climate-wrecking’ Rosebank oil field plans

UK Government ministers have been urged to halt “climate-wrecking” development plans for a new oil field in the North Sea. Rosebank, located north-west of Shetland, is thought to be twice the size of the controversial ...

05 Jan 2023 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 ...

22 Nov 2022 at 01:01

Yousaf: Just transition away from oil and gas is a moral imperative

Scotland’s First Minister has said the country has a “moral imperative” to seek a just transition away from fossil fuels. Speaking at the All-Energy Conference in Glasgow on Wednesday, Humza Yousaf stressed the ...

10 May 2023 at 12:28

City

Italian oil major Eni buys North Sea gas producer Neptune Energy in £4bn deal

One of the biggest producers of gas in the UK’s North Sea will be bought by Italian oil giant Eni after the two agreed a 2.6 billion dollar (£2.1 billion) deal. The deal will see Eni take over Neptune Energy, ...

23 Jun 2023 at 11:20

Scotland

Yousaf urged to ‘get off the fence’ and oppose Rosebank oil field development

The First Minister has been urged to “get off the fence” and oppose plans for the Rosebank oil field in the North Sea, with comedian Frankie Boyle among those calling for him to do so. An open letter from ...

08 Sept 2023 at 00:01

Offshore workers to take part in sector’s biggest walkout so far, union says

Around 1,650 North Sea offshore contractors will begin two new rounds of 48-hour strike action in what a trade union said is the biggest walkout in the sector so far. The workers are striking in an ...

23 May 2023 at 15:57

Climate campaigners stage protest in Holyrood chamber despite new restrictions

Climate campaigners staged a protest in the debating chamber of the Scottish Parliament as well as in the foyer despite new restrictions to deter such action. Two protesters from This Is Rigged ...

20 Apr 2023 at 15:40

Windfall tax could damage investment, industry warns Chancellor

The windfall tax could damage investment in the North Sea, Chancellor Rishi Sunak has been told. The Chancellor unveiled the measure last month, after calls from Labour, which will put a 25% ...

23 Jun 2022 at 19:42

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