Oil

Chancellor Rachel Reeves is reportedly considering a plan to end the windfall tax on North Sea oil and gas producers one year ahead of schedule. The proposal, under discussion ahead of the upcoming Budget, would see the Energy Profits Levy scrapped in March 2029 rather than 2030, Financial Times rep

Nort Sea oil and energy services firm Petrofac has entered administration – a “stark warning” of a wider crisis facing the North Sea supply chain, according to industry experts. The move, which puts thousands of jobs at risk, has intensified calls for urgent government action to st

Thousands of North Sea oil and gas workers are set to receive support to transition into the sustainable energy sector, following an £18 million funding boost.

Aberdeen & Grampian Chamber of Commerce has urged the UK government to scrap the Energy Profits Levy (EPL) after official figures revealed a dramatic slump in revenues from North Sea oil and gas.

Senior representatives from Aberdeen & Grampian Chamber of Commerce have met with HM Treasury in London to renew calls for the abolition of the Energy Profits Levy (EPL).

US energy giant Chevron has confirmed it will close its Aberdeen office, bringing its 55-year history in the city to an end.

Jorma Ollila Oil and gas giant Royal Dutch Shell has agreed a takeover of oil and gas exploration company BG Group in a deal which values the business at £47bn.