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The Latest Breaking News from North Sea

Wednesday briefing: Would a windfall tax on BP’s soaring profits work?

In today’s newsletter: Nimo Omer breaks down BP’s enormous profits, and why some are calling for a windfall tax amid a cost of living crisis nationwide

The Guardian - UK

Windfall tax wouldn’t stop BP’s £18bn parade of projects

Neither would it make the energy crisis go away, but after a while it becomes hard to resist

The Guardian - UK

Protesters arrested at Scottish oil terminal climate protest, Police Scotland say

A NUMBER of climate protesters who blockaded an oil terminal have been arrested, police have said.

The National (Scotland)

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Protesters arrested at oil terminal climate protest, Police Scotland say

Chief Superintendent Lynn Ratcliff said on Tuesday evening a ‘number of people who decided not to cooperate have subsequently been arrested’.

The Independent UK

Just Stop Oil blockades terminal in Glasgow in first Scottish action

Demonstrators stage dawn protest at plans for new oil and gas fields in North Sea off Scotland’s coast

The Guardian - UK

Windfall tax calls intensify as BP reports highest profit in a decade

In a bid to steer off criticism, the oil and gas giant stated it would be paying around £1bn in taxes this year

Insider UK

Glasgow police on the scene of Clydebank oil protest as activists blockade terminal

Activists are holding a peaceful protest against the current energy crisis that is 'pushing people into poverty' at an oil terminal in Clydebank and are calling for action by the UK Government.

Glasgow Live

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High energy prices leave oil giants untroubled by Russia exit or tax hints

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

The Guardian - UK

Oil and gas industry defends North Sea spending levels as Kwarteng urges more

Business secretary calls for increased investment by energy producers to avoid being hit with tax on soaring profits

The Guardian - UK

Scotland's missed oil opportunity revealed amid cost-of-living crisis

SCOTLAND'S missed oil opportunities are under the spotlight as campaigners call for Rishi Sunak to nationalise UK energy.

The National (Scotland)

Shell fined £50,000 by North Sea regulators

Energy giant served with sanction notice for breaching five oil field consents

Insider UK

How would a UK windfall tax on oil and gas profits work?

Analysis: Sunak hints Labour proposal ‘not off the table’ but criteria suggests very few firms would be penalised

The Guardian - UK

Energy giant Shell fined £50,000 by North Sea regulators

ENERGY giant Shell has been fined £50,000 by North Sea regulators for breaching production consents.

The National (Scotland)

Fish and chips overtakes steak as the most popular menu item at luxury Falkirk hotel

Almost 1,500 plates of beer-battered North Sea haddock has been served up to punters.

Daily Record

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The Guardian - UK

Rishi Sunak hints at U-turn on UK oil and gas windfall tax

The chancellor says nothing is off the table but fellow Tory ministers remain dismissive of idea

Reuters

Activists turn off German oil pipelines in North Sea drilling protest

German climate activists turned off crude oil pipelines at five locations on Wednesday, demanding the country look for other ways to reduce its dependence on Russian gas than starting new fossil fuel-based infrastructure projects such as deep-sea drilling.

Birmingham Post

Huge carbon capture project launches planning consultation on 53km cluster pipeline to North Sea storage

V Net Zero is a £500 million investment led by Harbour Energy linking the Immingham cluster with depleted gas fields

Daily Mirror

US Air Force plane spotted over English coast above North Sea in 'special air mission'

Designed as an "office in the sky", the C-40B is used by the United States Air Force to transport government and senior military leaders around the world

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Edinburgh Live

The quaint cafe with 'best views in Lothians' you may never have heard of

With sweeping views over The Lothians and out to The North Sea, this 'wee gem' has been hailed for its homemade food and friendly service and has been described as an 'oasis' in the countryside.

Daily Record

Climate activists protest outside Edinburgh government office over North Sea gas field plans

Stop Cambo campaigners were outside the Market Street building as part of a protest against Shell’s proposed Jackdaw field off the coast of Aberdeenshire.

Evening Standard

Controversial North Sea oil field Cambo moves closer as developer Siccar bought by Ithaca Energy for $1.5bn

Siccar Point Energy, which part-owns the licence to the field, is being bought by Ithaca Energy

Insider UK

'Trillion dollar man' predicts 20 years left in the North Sea

The business coach and Great Western Resources founder spoke to Insider about his political aspirations and the future of oil

The Independent UK

Scottish Government should not be ‘ideological’ about nuclear energy – Hands

The UK energy minister said ministers at Holyrood are ‘not doing anybody any favours’ with their opposition to new nuclear plants.

Evening Standard

Energy Security Strategy: New life for the North Sea is key to energy security

Sam Laidlaw is the executive chairman of Neptune Energy, which has operations in the North Sea, and the former CEO of British Gas-owner Centrica

Daily Record

Boris Johnson energy strategy branded 'a missed opportunity'

The long-awaited UK government energy strategy leans heavily on nuclear power and boosting North Sea production while avoiding alternatives like onshore wind farms.

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