There are many reasons why Labour’s proposed ban on new North Sea oil and gas development, but one of the most powerful is the loss of potential tax revenue. According to the OBR, North […]
The increased windfall tax in the UK on oil and gas producers’ profits combined with the rise in capital costs for the development of what is seen as one of North Sea’s largest undeveloped oil […]
The UK government has announced new oil and gas tax changes, which it says are set to protect energy security and British jobs. In a statement posted on its website, the government noted that the […]
Labour has confirmed it will block all new domestic oil and gas developments if it wins power, proposing instead to invest heavily in renewable sources such as wind and also in nuclear power. The shadow […]
Germany has so far installed over 30,000 wind turbines, which is about 1 every 11 sq. km. Plans are calling for doubling or even tripling wind power capacity. But this may be detrimental as new […]
(Bloomberg) – Prime Minister Rishi Sunak said the UK will need fossil fuels for the “next few decades” as the UK moves to eliminate net greenhouse gas emissions, after being urged to oppose Equinor ASA’s […]
A cargo ship arrived in Emden, Germany with a massive hole in its hull after reportedly striking a wind farm. According to the German water police, the damaged vessel arrived from Szczecin, Poland to Emden […]
Buoyed by high prices and rising energy demand, offshore operators and international oil companies are advancing plans for field development projects, and 2023 looks to be a busy year for offshore construction projects. With that […]
A Dutch court has suspended a proposed gas drilling and extraction project in the North Sea due to the uncertain impact of nitrogen compound emissions. The offshore gas project was designed to run entirely on […]
As demand increases, and companies rethink how fast they might want to transition beyond oil and gas, the offshore is having a moment. Driving the move is the age-old question of access to resources. The […]
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