UK/UKCS
News
March 30, 2023
Britain's future energy security remains a key concern despite the government’s ‘Powering up Britain’ strategy and its recognition of the “vital role” of oil and gas in powering the nation and providing the bedrock for the transition to net zero and beyond, OEUK's Chief Executive said.
News
March 30, 2023
The agreement covers transport and installation works over a period of 3 years, utilizing one of Havfram Wind`s newbuild NG20000X Jack-Up Wind Turbine Installation Vessels with a 3,200-ton crane. The work will start in the spring of 2027.
News
March 30, 2023
Developed in collaboration with Oil Spill Response Limited (OSRL), OEUK has worked with its members to create the UK Mutual Aid Framework Agreement (UK MAFA) which aims to facilitate mutual aid of personnel between UK operators in the event of a sustained incident response.
News
March 29, 2023
The NSTA is determined to assist industry in its role of ensuring domestic energy security and has opened a consultation on new guidance which aims to streamline the buying and selling of assets.
News
March 27, 2023
With increased demand from existing clients to support Engineering projects across the North Sea and UKCS, the new premises allows for increased headcount whilst the firm continues to add experienced staff to the business.
News
March 27, 2023
‘‘Offshore Energies UK congratulates Humza Yousaf as he becomes the new leader of the SNP and First Minister of Scotland. We wish him every success at this critical time for businesses and people looking for energy security and stability in their everyday lives,” said David Whitehouse, CEO of Offshore Energies UK.
News
March 28, 2023
Offshore Energies UK’s Business Outlook report describes how nine out of 10 of North Sea operators are cutting back investment. The companies cite a mix of high taxes, political uncertainty and inflation as key factors in their decisions.
News
March 27, 2023
A major incident was declared after oil leaked into the water at Poole harbor in southern England.
News
March 26, 2023
OEUK’s Business Outlook Report, being published on 28 March, shows the North Sea could power the UK for decades, but a mix of windfall taxes and political uncertainty is driving away the billions of pounds of investments needed to maintain oil and gas production now and create low carbon energy in the future.
News
March 25, 2023
The Innovation and Targeted Oil and Gas (INTOG) initiative is a seabed leasing round, which is designed to enable offshore wind energy to directly supply offshore oil and gas platforms with renewable-generated electricity.
News
March 24, 2023
By 2030, the UK will be reliant on other countries for at least 80% of its gas and 70% of its oil if there is no investment in new infrastructure – offshoring the associated jobs and benefits to the economy. OEUK has urged the UK Government to nurture UK oil and gas production and avoid an even more rapid decline than that which is currently forecast.
News
March 21, 2023
The NSTA expects companies with valuable licenses to progress exploration and production as quickly as possible, in line with their license commitments and the NSTA’s strategy.
News
March 20, 2023
The walkouts will affect dozens of platforms operated by companies including BP Plc, Shell Plc and TotalEnergies SE, the union said in a statement. No date has been set yet for the start of the labor action that was approved by 1,400 workers.
News
March 16, 2023
The vow comes as competition in the race for clean technology heats up after President Joe Biden’s $370 billion climate bill, which raised tax credits for capturing carbon dioxide.
News
March 14, 2023
Under the proposals being considered by the Treasury, the additional 35% levy would cease to apply if energy prices fall below a given level, according to a person familiar with the matter.
News
March 13, 2023
Ireland is becoming ever more reliant on Britain for gas supplies, with UK imports more than doubling since 2017 to 75% of Irish demand, and set to hit 90%, a report from OEUK will say.
News
March 08, 2023
The research, carried out by Professor Alex Kemp and Artuto Regaldo, shows the Energy Profits Levy (EPL) is likely to discourage investment in new offshore oil and gas developments, particularly smaller fields, in the UK.
News
March 03, 2023
The transaction includes a non-operated interest in the producing Buzzard oil field (29.89%), an additional operated interest in the Rosebank development (40%) and Suncor employees based in the UK who work with these assets.
News
February 07, 2023
Multiple sources have reported calls by opposition politicians and union leaders for another increase in the windfall taxes on energy producers, linked to BP’s latest global profits announcements. OEUK said such a levy risked breaching global tax agreements and could never be implemented.
News
January 30, 2023
Equinor awarded a front-end engineering design (FEED) contract the low-carbon hydrogen production plan H2H Saltend to Linde Engineering. Equinor also awarded an operation and maintenance service contract to Linde company BOC.
News
January 24, 2023
Produced in partnership with Scotland-based documentary maker Thomas Hogben, ‘The Time is Now: the UK’s changing energy industry’ intimately captures the hopes, fears and ambitions of some of the people working on the frontline of the UK’s energy transition.
