Output is down about 13% this year, industry group OEUK says Producers are looking for relief as government raises taxes Britain’s natural gas output is declining faster than expected and leading to greater reliance on […]
The future of the North Sea‘s oil and gas sector depends on establishing a more predictable and stable tax regime, according to new analysis from Wood Mackenzie. After years of sporadic tax changes, the UK […]
Daily Standup Top Stories Trouble Deepens for North Sea Oil and Gas September 24, 2024 Mariel Alumit North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now […]
North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks. The windfall profit tax was […]
Daily Standup Top Stories Oil Is Not Out of the Woods Yet September 18, 2024 Stu Turley Crude oil prices revived this week with WTI recovering to $70 per barrel. This week, the climb is being […]
The North Sea has the potential to become a “clean energy super basin,” integrating oil, gas, offshore wind and carbon storage to drive the UK’s energy transition, according to NSTA Chief Executive Stuart Payne. Speaking […]
Capital investment to fall to £2.3 billion in 2025-2029: OEUK Almost half of additional output would be uneconomic: OEUK The UK’s new tax regime for North Sea oil and gas could lead to an investment […]
Regulators have warned UK oil and gas operators to speed up decommissioning activities in the North Sea. The North Sea Transition Authority (NSTA) has called on the companies to clean up their oil and gas […]
Weekly Daily Standup Top Stories Labour Wins Landslide Victory in U.K. Snap Elections July 6, 2024 Mariel Alumit Keir Starmer promises to focus on public service as Britain’s new prime minister. Labour Takes Control The […]
Editor’s note: Shortly after we published this article, the Department for Energy Security and Net Zero denied reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences, […]
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