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The Latest Breaking News from OEUK

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 National (Scotland)

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

The Guardian - 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

Insider UK

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Opportunity for prosperous offshore energy sector ‘hangs in balance’

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

Insider UK

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

Offshore Energies UK has published its Business Outlook report.

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 Independent UK

'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…

The National (Scotland)

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'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

Insider UK

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

Birmingham Post

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

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

Insider UK

Hike UK oil and gas production to reduce reliance on imports, energy body urges

Offshore Energy UK claims that the UK’s reliance on oil and gas imports will rise without more North Sea projects being given the green light.

Evening Standard

Domestic energy spend to top £100bn after October price rise, report estimates

The economic report by the Offshore Energy UK has set out measures the UK Government can take to ease the pressure.

The Independent UK

‘Significant improvements’ needed to meet offshore renewable targets – report

The UK Government plans to increase its offshore renewable energy targets four-fold by 2030.

The Independent UK

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Insider UK

Proposed Rosebank oil field 'will have lowest possible carbon footprint'

Equinor says a final investment decision could happen next year

Insider UK

Offshore Energies UK starts search for new CEO

Deirdre Michie will step down in December after eight years in the role

The National (Scotland)

UK blasted over 'incomprehensible' lack of clarity on major carbon capture funding

THE UK Government has been blasted for an "incomprehensible" lack of clarity over the timeline of a major carbon capture project.

The Independent UK

Windfall tax ‘won’t help’ cost of living crisis energy firms say as 31 call on Sunak to ditch idea

Signatories warn that the industry is only in the early days of a recovery.

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Wales Online

Eco activists 'could undermine security and hinder net-zero bid'

Offshore energy body issues warning to organisations

The Independent UK

Eco activists ‘could undermine energy security and hinder net-zero effort’

Offshore Energies UK said the industry is ‘aligned with their long-term vision’.

The Independent UK

Oil and gas industry calls on Johnson to reject windfall tax proposal

Signatories warn that the industry is only in the early days of a recovery.

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

Insider UK

North Sea can provide ‘secure and safe energy’ for next 50 years

Industry body's chief executive makes plea ahead of UK Government's energy security strategy publication

The Independent UK

North Sea can provide ‘secure, safe energy’ for next 50 years – industry chief

Deirdre Michie, of Offshore Energies UK, said energy security is now a national security issue due to the invasion of Ukraine.

Insider UK

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

Supplies from a single other country are larger than domestic supply for the first time

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