7 h. ago Britain could face severe gas shortages as North Sea production falls amid Labour's energy policies

The National Energy System Operator (Neso) said gas will remain critical for energy security into the next decade and warned of potential shortfalls on the coldest days.

Events

8 h. ago Keeping windfall tax is right thing to do, says Reeves amid concerns over jobs

The Chancellor responded to criticism from the sector and the Scottish Government following her decision to maintain the energy profits levy.

Politics

12 h. ago 'This is a call to arms to ensure North Sea remains an energy powerhouse long into the future'

Budget marks a moment in history for a cornerstone of the UK economy, writes Energy Minister

Politics

23 h. ago North Sea jobs lost 'within days' as UK Budget ignores economically ruinous oil and gas policy

If you haven’t read the thousands of pages that accompanied today’s Budget, I’ll save you the trouble.

Economics

24 h. ago Oil and gas sector warns it will be 'taxed to death' after Rachel Reeves extends windfall tax

The Chancellor announced in her speech in the House of Commons on Wednesday that the Energy Profits Levy (EPL) will remain in place until March 2030 - when it will be replaced by a new Oil and Gas Price Mechanism (OGPM).

Events

28 h. ago UK Government to allow oil and gas extraction near existing North Sea fields

Energy Secretary Ed Miliband said it is a ‘world-leading’ plan

Politics

28 h. ago North Sea oil boost as Ed Miliband eases restrictions on new drilling in existing fields

Ed Miliband, the UK Energy Secretary, said the new plan would ensure the North Sea "is an energy powerhouse throughout the twenty first century".

Politics

28 h. ago North Sea oil boost as Ed Miliband announces new drilling in existing fields can go ahead

Ed Miliband, the UK Energy Secretary, said the new plan would ensure the North Sea "is an energy powerhouse throughout the twenty first century".

Politics

31 h. ago UK Budget: Labour to water down North Sea oil and gas licensing ban vow with 'tie backs' compromise

Labour vowed to end all new oil and gas licences in a flagship manifesto commitment

Politics

31 h. ago UK Budget: Labour waters down North Sea oil and gas licensing ban vow with 'tie backs' compromise

Labour vowed to end all new oil and gas licences in a flagship manifesto commitment

Politics

36 h. ago Ambitious plan to store CO2 beneath the North Sea set to start operations

INEOS plans to transform the Nini oil field in the North Sea into a carbon storage site

Politics

66 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

3 d. 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

4 d. ago Furious residents whose entire homes are falling into the sea call council 'pathetic' after erosion support group take time off for 'stress'... for dealing with THEIR complaints

In one dismal section of Britain staring out into the North Sea, every day is a blessing every storm is a nightmare and every update from the authorities they pay to protect their homes - a 'woke joke.'

Society

4 d. 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

5 d. ago Scots oil worker who died on North Sea rig to be remembered with tribute at Aberdeen game

The special tribute will take place during Aberdeen's game against Hearts at the weekend.

Events

6 d. ago Use our budget calculator to see how much your energy bills will go up by in January

Ofgem said that conditions remained “volatile” as it announced its new energy price cap

Economics

6 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

7 d. ago UK considers 'military options' against Putin spy ship firing lasers at RAF pilots: Warships and planes will track vessel's every move if it heads into British waters

Britain's Defence Secretary said the UK was ready to respond if the ship moves any further south from its current position in 'wider UK waters' north of Scotland.

Events

7 d. ago Putin's ghost ship fires lasers at RAF: Spy vessel targets UK military pilots with beams as showdown in the North Sea intensifies

John Healey also confirmed he has provided British pilots with more robust guidance to counter such threats following a dramatic showdown in the North Sea.

Events