All the updated news related to uk oil

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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

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

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 Prime Minister ...

24 May 2022 at 11:27

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 additional tax ...

24 May 2022 at 01:01

Green campaigners criticise Shell’s reported Cambo oil field rethink

Exploiting the Cambo oil field will not tackle high energy bills, campaigners warned amid reports Shell is reconsidering its decision to pull out of the project. Work on the proposed development off the west coast of Shetland ...

22 Mar 2022 at 12:25

Investment plea after gas supplies from Norway outstrip those from the North Sea

The UK used more gas from Norway than it did from the North Sea in 2021, after gas production within the UK fell “significantly” last year. Ross Dornan of industry body Offshore Energies UK (OEUK) said this marked the first ...

29 Mar 2022 at 03:55

Rees-Mogg: New oil and gas licensing will boost UK economy and energy security

A new licensing round for oil and gas exploration will boost both the UK’s economy and energy security, Business and Energy Secretary Jacob Rees-Mogg has insisted. The UK Government minister spoke out as the North Sea ...

07 Oct 2022 at 09:39

New oil and gas exploration good for environment, insists climate minister

A new licensing round for oil and gas exploration in the North Sea will be “good for the environment”, climate minister Graham Stuart has said. The North Sea Transition Authority (NSTA) will begin the 33rd round of ...

07 Oct 2022 at 16:25

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

Scottish Tories voice concern at ‘deeply disappointing’ windfall tax extension

Senior Scottish Conservatives have spoken out against the Chancellor’s decision to extend the windfall tax on energy firms in his Budget – with UK energy minister Andrew Bowie branding the move “deeply ...

06 Mar 2024 at 16:41

Investment plea after gas supplies from Norway outstrip those from the North Sea

14 Jun 2022 at 17:23

Scotland

Oil and gas industry supports 82,000 jobs in Scotland, says trade body

The oil and gas sector supports more than 82,000 jobs in Scotland, according to the industry’s leading trade body. Offshore Energies UK (OEUK) looked at the economic impact of the sector on ...

28 Jun 2022 at 16:46

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