10 h. ago UK could face importing 70% of oil and gas needs by 2030, new report warns

Trade body Offshore Energies UK published its economic report for 2025.

Events

10 h. ago Britain could have to import '70%' of oil and gas if we don't invest in the North Sea

OEUK chief executive David Whitehouse argued scrapping the windfall tax on the fossil fuels could help deliver more than two billion barrels - and add up to £150 billion to Britain’s economy

Politics

19 h. ago Kemi Badenoch says Britain MUST get more oil and gas out of the North Sea amid fears 80% of fossil fuels will need to be imported by 2030

Kemi Badenoch vowed to bring 'common sense' to the Net Zero drive as she addressed an industry conference in Aberdeen.

Politics

20 h. ago Tory leader Kemi Badenoch ridiculed over 'delusional' oil and gas plan

After a speech in which the Conservative leader vowed to reverse the 'impossible ideology of net zero by 2050', she has now been accused of lacking any real policy

Politics

21 h. ago Warning UK could face importing 70% of oil and gas needs by 2030

That is despite Offshore Energies UK (OEUK) insisting there are still "significant oil and gas reserves" in the North Sea

Events

21 h. ago ‘Every company wants to produce the last barrel sold’: the plan to create a fossil fuel non

Tzeporah Berman’s campaign group believe Cop30 will help their initiative to phase out oil, coal and gas take shapeThe fossil fuel non-proliferation treaty initiative aims to sidestep slow-moving UN climate talks by gathering together nations, cities and companies that want to rapidly phase out oil, coal and gas. At the coming Cop30 summit in Belém, it hopes to gather support so it can launch negotiations for a new treaty next year. The group’s founder, Tzeporah Berman, explains why the Amazon rainforest and the global south are an ideal springboard for the movement.Why will you be campaigning for a fossil fuel non-proliferation treaty? Continue reading...

Politics

21 h. ago ‘Every company wants to produce the last barrel sold’: the treaty to stop fossil fuel production

Tzeporah Berman’s campaign group believes Cop30 will help its initiative to phase out oil, coal and gas take shapeThe fossil fuel non-proliferation treaty initiative aims to sidestep slow-moving UN climate talks by gathering together nations, cities and companies that want to rapidly phase out oil, coal and gas. At the coming Cop30 summit in Belém, it hopes to gather support so it can launch negotiations for a new treaty next year. The group’s founder, Tzeporah Berman, explains why the Amazon rainforest and the global south are an ideal springboard for the movement.Why will you be campaigning for a fossil fuel non-proliferation treaty? Continue reading...

Politics

22 h. ago The unilateral economic disarmament of closing the North Sea oil and gas industry is madness

Today in Scotland, I will commit that under the next Conservative government, the North Sea will once again be open for business.

Economics

34 h. ago North Sea has ‘much more to do’ to meet emissions targets for 2040 onwards

A new report said while emissions from oil and gas had fallen for the fifth year, investment is needed to meet targets for 2040 and 2050.

Events

36 h. ago Tory leader Kemi Badenoch slams Labour for treating oil and gas sector as a ‘relic of the past’

Badenoch will pledge to make North Sea oil and gas the ‘cornerstone’ of the economy

Politics

36 h. ago Kemi Badenoch pledges to make oil and gas ‘cornerstone’ of UK economy

The Conservative leader will attack the UK Government for treating the North Sea industry as a ‘relic of the past’.

Politics

52 h. ago North Sea oil and gas will disappear 'within years, not decades' without Labour tax reforms

The industry body for the North Sea has called for the Chancellor to reform a controversial tax policy in her autumn Budget.

Events

65 h. ago Tories pledge to extract all remaining North Sea oil and gas reserves

Kemi Badenoch says UK move away from fossil fuel extraction is an ‘act of economic disarmament’

Politics

2 d. ago Tories promise to extract "all" remaining oil and gas from North Sea

Tory leader Kemi Badenoch will make a speech in Aberdeen on Tuesday in an attempt to use energy policy as a political dividing line.

Politics

2 d. ago Kemi Badenoch vows Tories will back draining every drop of oil and gas from North Sea

Tory leader will use speech in Aberdeen to “call time” on the “impossible ideology of net zero”

Politics

2 d. ago Badenoch in pledge to ‘get all our oil and gas out of the North Sea’

Tory leader Kemi Badenoch said a Conservative administration would maximise extraction.

Politics

3 d. ago Tories would maximise North Sea oil and gas extraction, Badenoch to say

Conservative leader says it is ‘absurd’ to shift away from fossil fuels and leave ‘vital resources untapped’The Conservative party will aim to “maximise extraction” of oil and gas in the North Sea if it wins power, Kemi Badenoch is expected to announce.Badenoch will use a speech in Aberdeen in the coming days to set out her plans to extract as much oil and gas as possible instead of shifting away from fossil fuels, the Sunday Telegraph reported. Continue reading...

Politics

3 d. ago Badenoch pledges to maximise North Sea oil and gas extraction

Kemi Badenoch said Britain ‘cannot afford not to be doing everything to get hydrocarbons out the ground’ to boost growth

Politics

7 d. ago Labour urged to agree to 'bespoke' oil and gas permits after independent review findings

Keir Starmer’s government has been urged to agree a compromise to its promised ban on new oil and gas licences.

Politics

7 d. ago Fossil fuel extractors bend the world to their will – help fund the journalism that exposes them

Across the globe, oil, gas and coal companies use an ever-widening set of tactics to crush competition and opposition. With the world’s most powerful man helping them at every turn, it’s critical we reveal their full impactToday the Guardian launches its annual environment support campaign. To back our vital climate journalism, please click hereWhy does capital love fossil fuels? It’s not hard to explain. They exist in a small number of discrete locations, where the right to exploit them can be owned and monopolised. Most can be extracted commercially only at scale, excluding small competitors. They can be stored and traded all over the world, allowing prices to be optimised across time and space. Renewable energy, by contrast, can be generated almost anywhere, by almost anyone with a small amount of money to invest.Renewables might now be cheaper than fossil fuel in the vast majority of cases, but this makes them less attractive to capital, not more. Fossil fuels are uncompetitive ...

Politics