The UK government’s decision to maintain windfall taxes and impose drilling restrictions in the North Sea could cost the Treasury £10bn in lost tax revenue by 2030, analysts have warned.
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BP is set to restart production at the Murlach oil and gas field in the North Sea, reversing a trend of declining output and industry retreat. The decision follows significant
The United Kingdom faces a surge in gas imports after a sharp decline in North Sea production triggered by Energy Secretary Ed Miliband’s policies. Official government data published this week
Harbour Energy, the UK’s largest oil and gas producer, has reported a post-tax loss for the past financial year, as higher taxes on North Sea operations offset a significant increase
The UK government has revealed a comprehensive set of proposals aimed at reshaping the North Sea’s energy future, prioritising a shift away from oil and gas exploration towards cleaner energy
The future of a significant £900 million oil and gas project in the North Sea is uncertain as Neo Energy, the lead developer, plans to reduce investment. This decision is
Ithaca Energy, a prominent North Sea energy firm, has reported a significant drop in its interim profit due to reduced production and declining gas prices. The company’s production decreased by
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