23 h. ago Alarm as North Sea oil and gas faces 2028 decommissioning tipping point as Rachel Reeves urged to act

The UK Labour government's energy profits levy has been partly blamed for accelerating the decline of the North Sea oil and gas industry.

Events

29 h. ago UK Budget 2025: Labour's economic policies are unravelling much like COP30's hopes of ending oil and gas

After the COP30 climate summit ends with a whimper, Chancellor Rachel Reeves’ second Budget may not fare much better

Economics

37 h. ago Autumn Budget 2025: Is Rachel Reeves really going to scrap stamp duty this week?

Property experts agree tax changes are needed to unblock the stagnant housing market, yet London’s high prices and dearth of affordable new homes are also significant barriers to buying

Politics

42 h. ago Labour accused of treating oil and gas workers 'like the miners in the 1980s'

EXCLUSIVE: Louise Gilmour of GMB Scotland claimed the abandonment of the energy workers is akin to forty years ago.

Politics

47 h. ago Failure to scrap windfall tax will 'sound death knell' for North Sea oil, Rachel Reeves told

The Chancellor has also been warned to make ‘hard choices” and avoid “death by a thousand taxes” by one of Britain’s biggest business leaders ahead of Wednesday’s announcement.

Events

65 h. ago Why even green energy firms can see UK Budget needs to help oil and gas industry

About 1,000 jobs are being lost every month in the oil and gas sector with domestic production having fallen by 40 per cent in five years and predictions it could halve by 2030

Economics

65 h. ago Budget offers Rachel Reeves a chance to change course on North Sea

The windfall tax threatens an industry whose investments, skills and infrastructures are needed to make the transition to green industries

Politics

3 d. ago Global climate agreement sealed at COP30 despite deep divisions

Push for ‘road map’ on how economies can wean off coal, oil and gas fails but Brazilian presidency promises to follow up

Politics

4 d. ago Scrap windfall tax and lift ban on new oil, leading business figures urge Reeves

Martin Gilbert and Sir Ian Wood led two of the biggest firms in Aberdeen.

Economics

4 d. ago Autumn Budget 2025: Is Rachel Reeves really going to scrap stamp duty next week?

Property experts agree tax changes are needed to unblock the stagnant housing market, yet London’s high prices and dearth of affordable new homes are also significant barriers to buying

Politics

4 d. ago Montrose bets on twin track future amid North Sea uncertainty

The port is balancing traditional oil and gas support work with growing offshore wind operations

Politics

5 d. ago Scotland's oil and gas industry 'being destroyed before our eyes'

Scottish Conservative leader Russell Findlay warned the sector risks being ‘wiped out entirely’

Politics

5 d. ago Thousands of toxic sites across US face risk of coastal flooding

Study finds rising seas could flood facilities handling waste, sewage, and oil and gas – and coastal states most at riskMore than 5,500 toxic sites nationwide could face coastal flooding by 2100 due to rising sea levels, according to new research.The study, published on Thursday in Nature Communications and led by scientists at the University of California, warns that if heat-trapping pollution continues unabated, rising seas will flood a wide range of hazardous facilities including those handling sewage, toxic waste, oil and gas, as well as other industrial pollutants. Continue reading...

Events

5 d. ago Energy sector 'crossroads' could see UK lose £13bn, new report warns

The Fraser Of Allander Institute compared two plausible paths for the UK’s oil and gas sector over the next decade

Events

6 d. ago North Sea oil and gas sector is holding its breath as it awaits answers

Chris Sawyer says the oil and gas industry’s supply chain will also support the transition to renewables – so it must be maintained

Politics

6 d. ago Putin passes new law to force reservists to guard oil sites from Ukrainian drone strikes

Kyiv continues to find new ways to undermine Russia’s position from deep behind enemy lines

Events

6 d. ago Ministers must consider boldest of steps to save Fife Ethylene Plant at Mossmorran from closure

Oil and gas-related industries are contracting at a rate which far surpasses the creation of jobs in renewable energy and associated low-carbon technologies

Politics

7 d. ago Pressure grows on Rachel Reeves not to raise Fuel Duty in Budget amid fears scrapping 5p

The Chancellor is considering a multi-billion pound raid on drivers as she scrambles to fill the black hole in the public finances and after she was forced to abandon plans to hike income tax.

Events

7 d. ago Chinese spying amounts to interference in UK democracy, minister says, after MI5 warns MPs – politics live

Dan Jarvis, the security minister, says China is trying to contact MPs and peers to get sensitive information about parliamentBack at the Reform UK press conference, Zia Yusuf, the party’s head of policy, has just finished outlining his plan to cut spending on foreignersAs he finished, Yusuf claimed this was “treachery”.Labour is making the conscious and deliberate decision to continue funding extortionate amounts to foreign nationals, to the detriment of British citizens.And I don’t know what to call that. Frankly, in my view, it’s treachery. I think it’s appalling. British people are sick and tired of it.Just a few months ago, Rachel Reeves was saying she couldn’t afford to scrap the two-child benefit cap. Now it looks like becoming her latest U-turn.This isn’t because the economic circumstances have improved. Quite the opposite. Continue reading...

Politics

7 d. ago SNP urges UK Government to intervene to save jobs at Fife plant

Stephen Flynn claimed oil and gas jobs are being ‘pushed off a cliff’ in Scotland.

Politics