Ed Miliband’s recent decision to halt operations in the North Sea is projected to result in a staggering £10 billion in lost tax revenue for the government by the year
All posts tagged in North Sea
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Amid ongoing turmoil within global energy markets, calls for urgent action to revitalise the North Sea have intensified. Industry leaders argue that the UK must create conditions conducive to increased
Ed Miliband is encountering renewed pressure to reconsider his ban on oil and gas exploration in the North Sea. This development comes in the wake of Denmark’s announcement to extend
Shell and Exxon Mobil have announced the cancellation of a planned sale of $500 million worth of North Sea natural gas assets to Viaro Energy. This decision comes after the
Harbour Energy expands North Sea footprint with $170 million dollar Waldorf deal and job cuts follow
Harbour Energy has strengthened its North Sea operations through a $170 million dollar acquisition of key assets from Waldorf Energy Partners and Waldorf Production, shortly after the company announced it
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
A report from Offshore Energies UK warns that the cost of dismantling obsolete oil and gas platforms in the North Sea has reached a new high, set to surpass spending
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
Shell has dealt a setback to the UK Government’s net zero strategy by announcing its withdrawal from two significant offshore wind farm developments in the North Sea. The company has
Britain’s largest oil producer, Harbour Energy, is preparing to halve its investment in the North Sea amid fierce criticism of Labour’s so called punitive windfall tax. Executives confirmed plans to
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
Fresh warnings have emerged over the future of the North Sea oil and gas sector, as Labour’s approach to exploration licensing has sparked division and concern among politicians, industry bodies,
Petrofac, one of the United Kingdom’s leading offshore oil and gas contractors, faces a critical juncture as it scrambles to secure its financial future. The Aberdeen-based company, employing 2,000 skilled
The North Sea oil and gas sector stands at a crossroads following the publication of the latest North Sea Transition Authority (NSTA) Reserves and Resources Report. The report reveals that
Ed Miliband, the UK energy secretary, is prepared to advance new measures aimed at encouraging oil and gas drilling in the North Sea, despite Labour’s firm manifesto commitment not to
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
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