Jobs, investment, and the United Kingdom’s energy security are at risk as high taxes continue to burden North Sea oil and gas producers. Brian Gilvary, chairman of Ineos Energy, sharply
All posts tagged in North Sea oil
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The proposed acquisition of a North Sea oil company with backing from billionaire Conservative Party donor Lord Michael Spencer has been delayed due to fraud allegations facing the buyer. Deltic
Serica Energy has taken strategic advantage of the downfall of Prax Group, securing a deal to acquire the company’s North Sea assets in a move expected to bolster its standing
Labour’s stance on North Sea oil and gas extraction appears to be shifting, with Chancellor Rachel Reeves indicating a softer approach towards the much-criticised crackdown on new drilling. As Britain
The Labour government is under mounting pressure as it considers approving limited expansions of existing North Sea oil and gas fields. While Labour’s manifesto has pledged a ban on new
Amid growing warnings from industry leaders and union chiefs, Labour is poised to soften its landmark policy on new North Sea oil and gas exploration. Energy Secretary Ed Miliband, who
Kemi Badenoch’s latest announcement to overturn existing policies on North Sea oil and gas was met with instant criticism from environmental groups. Recently installed as Conservative leader, Badenoch has proposed
Sir Jim Ratcliffe’s Ineos group has halted fresh investment in the United Kingdom and shifted its financial priorities to the United States, citing soaring energy costs and an unpredictable British
Ithaca Energy, the leading North Sea oil and gas operator, has lifted its production forecasts for the second time this year while confirming it remains on course to return $500
Nigel Farage, leader of Reform UK, recently visited Aberdeen, the heart of the UK’s oil and gas industry, to welcome a defecting Conservative councillor into his party. This is the
Fossil fuel reserves in the North Sea are depleting at an accelerated pace, leading to inevitable job losses across the sector. A new report suggests that a permanent windfall tax
Harbour Energy, the largest oil and gas producer in the North Sea, has announced plans to cut 250 onshore jobs, representing up to a quarter of its North Sea workforce.
Oil production targets were surpassed by Ithaca Energy last year, reaching an impressive average of 80200 barrels per day. This achievement marks a significant increase from 70200 barrels per day
Shell has recommenced production at its Penguins oil field in the North Sea following a four-year pause for infrastructure modernisation. The strategic facility, positioned 150 miles northeast of the Shetland
A judge has overturned government consent for the development of two significant North Sea oil and gas projects, casting uncertainty over future operations within the region. The ruling by Lord
In a landmark deal announced today, Shell and Norwegian state-owned Equinor have revealed plans to merge their UK oil and gas assets, establishing what is set to become the largest
