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
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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
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
London’s top high street banks suffered a sharp fall in market value as concerns mounted over a potential windfall tax rise to shore up government finances. More than £6 billion
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
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
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 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
The Treasury has moved to quell a heated dispute with the North Sea oil and gas industry by committing to maintain investment reliefs on low-carbon projects. This decision aims to
