Over seven thousand companies and business leaders have issued a public call for urgent government action, pressing for the immediate implementation of the new North Sea fiscal regime. The demand
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Energy giant ExxonMobil has sharply criticised Labour’s policy on North Sea oil and gas, warning that the Government’s refusal to issue new drilling licences risks undermining British industry and economic
Plans for a major high voltage cable factory in Scotland have been halted following the UK government’s rejection of the ambitious Xlinks undersea energy project. XLCC, the company behind the
About 2,000 Petrofac employees working in the North Sea are facing an uncertain future after the oil services company, once a FTSE 100 stalwart, filed for administration. Petrofac, which boasts
Britain is more dependent than ever on imported electricity as new data reveals a record 16 per cent of energy consumed during the first nine months of this year was
Labour’s stance on North Sea oil and gas extraction appears to be shifting, with Chancellor Rachel Reeves indicating a softer approach towards the much-criticised crackdown on new drilling. As Britain
An American investment titan is negotiating to acquire a substantial 50 per cent share of Hornsea 3, which is set to become the world’s largest offshore wind farm, off the
Analysts at Wood Mackenzie, a world leader in energy data, have revealed that Britain’s North Sea could hold up to three times more recoverable oil and gas than currently estimated
Jonas Gahr Støre, Norway’s prime minister, has emerged from a turbulent election with his Labour Party clinging to government thanks to just 28 percent of the vote. His continued grip
The leading operator of wind farms in UK waters has secured crucial support from the Norwegian state-controlled energy group Equinor, as the offshore wind sector faces unprecedented political and financial
Britain’s leading wind farm operator, Ørsted, has been thrown into turmoil after Donald Trump halted its principal US project. The Danish energy giant, responsible for supplying 7 per cent of
Ithaca Energy, the leading North Sea oil and gas operator, has lifted its production forecasts for the second time this year while confirming it remains on course to return $500
Centrica, the owner of British Gas, has made a significant £1.5bn investment in the UK’s energy future by acquiring Europe’s largest liquefied natural gas (LNG) import terminal on the Isle
BP is set to restart production at the Murlach oil and gas field in the North Sea, reversing a trend of declining output and industry retreat. The decision follows significant
Oil production targets were surpassed by Ithaca Energy last year, reaching an impressive average of 80200 barrels per day. This achievement marks a significant increase from 70200 barrels per day
The UK government has initiated the hiring process for GB Energy, with plans to reveal the location of the state-owned company’s headquarters in Scotland next month. The Department for Energy
