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The Latest Breaking News from OEUK

Cut to energy bills for businesses is ‘short-term fix’, industry boss claims

David Whitehouse of Offshore Energies UK claimed the move from the UK Government would offer ‘respite’ for some firms but was a ‘short-term fix’.

Evening Standard

UK oil and gas industry welcomes talk of ceasefire in Middle East

The chief executive of Offshore Energies UK said there has already been a drop in oil prices.

Evening Standard

Campaigners pan claim North Sea could produce half of UK oil and gas by 2050

THE oil and gas industry is "peddling a fantasy", campaigners have warned after bosses said the North Sea could produce about half of the…

The National (Scotland)

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North Sea could produce half of all UK oil and gas in run up to 2050 – report

Industry body Offshore Energies UK made the claim in a new report.

The Independent UK

Fossil fuel industry accused of seeking special treatment over oilfield emissions

Lobbyists argued it was unfair for their industry to be treated the same as others as end product – oil and gas – inevitably produced emissions

The Guardian - UK

Less offshore decommissioning work carried out in 2023 despite higher spend

Offshore Energy UK said £1.7 billion was spent on decommissioning in the UK continental shelf in 2023.

The Independent UK

‘They’re killing us’: Aberdeen braces for end to North Sea oil as clean energy plan takes shape

The granite city has weathered many storms over the years but people there now fear the impact of the government’s tax plans on the local economy and jobs

The Guardian - UK

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Scottish Greens accuse oil and gas sector of 'spin' after emissions claims

THE UK’s oil and gas industry has made “significant progress” towards its emissions reduction targets, according to a new report ...

The National (Scotland)

North Sea firms claim windfall tax risks 35,000 jobs and £12bn in tax receipts

Industry group says plans for tougher taxes would ‘trigger an accelerated fall’ in output and investment

The Guardian - UK

Humza Yousaf meets senior oil and gas figures ahead of just transition plan launch

Scotland’s First Minister has met senior figures in the oil and gas sector ahead of his Government publishing its energy and just transition…

The National (Scotland)

Rosebank faces legal battle as UK Government hands oil giant 'massive tax break'

A PROMISE of legal action has greeted the UK Government giving the green light to the Rosebank oil field in the North Sea ...

The National (Scotland)

Offshore energy jobs could increase by 50% by end of decade, research finds

The new report by Robert Gordon University was praised by a leading trade association for the energy sector.

The Independent UK

Hopes on Claire Coutinho to speed up net zero drive

Campaigners and industry experts see a fresh start in the new energy secretary’s appointment.

The Independent UK

Calls for inquiry into Tory MP's potential ministerial code breach

The SNP have called for a “full, independent inquiry” into whether Scottish Tory MP David Duguid has broken the ministerial code.

The National (Scotland)

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The National (Scotland)

Wife of Scottish Tory MP who railed against windfall tax for oil giants has BP shares

A SCOTTISH Tory MP who criticised windfall taxes on oil and gas firms did not declare that his wife has more than £50,000 worth of shares in…

The Guardian - UK

Wife of Tory MP who criticised windfall tax on oil firms has £50,000 in BP shares

David Duguid opposing tax while wife is in receipt of BP dividends raises questions over potential conflict of interest

Insider UK

Oil and gas emissions predicted to rise for North Sea companies

Shell and BP responsible for around 36% of the total 725 million tonnes of CO2 set to be emitted between now and 2030

The Independent UK

Opportunity for prosperous offshore energy sector ‘hangs in balance’ – report

Offshore Energies UK has published its Business Outlook report.

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Insider UK

Opportunity for prosperous offshore energy sector ‘hangs in balance’

Industry body's latest report criticises high taxes and political uncertainty

The Independent UK

UK energy import bill more than doubled to £117bn last year, report shows

The Offshore Energies UK report said this is the first time that annual UK energy import costs have gone past £100 billion.

The National (Scotland)

'Brass neck': Oil lobby calls for windfall tax to be dropped as firms make billions

THE oil lobby has been accused of a “brass neck” after calling for the windfall tax to be scrapped just days after energy firms reported…

Insider UK

'Urgent action needed' to help firms accelerate low carbon energy shift

Industry body calls on government to provide a stable regulatory and fiscal framework

Insider UK

New chief executive set to take helm at Offshore Energies UK

Replacing Deirdre Michie, he will take up the post next month

Birmingham Post

Skills shortage warning from oil and gas in transition to Net Zero

Offshore Energies UK flags issue as numbers drop in a decade despite being on the cusp of huge opportunities

Insider UK

New oil and gas licence plans 'will withstand legal challenge'

Environmental activists are thought to be preparing action against the next round of extraction

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