The head of the BRINDEX trade group has hit out at the "manifestly unfair" levy, which he said will hurt the supply chain in the UK.
North Sea oil firms have sent a letter to chancellor Jeremy Hunt, calling the UK one of the most “fiscally unstable” places to do business in the world as another windfall tax threat looms.
Robin Allan, the former UK North Sea boss at Premier Oil, has joined the board of West of Shetland operator Hurricane Energy (LON: HUR).
Premier Oil’s UK and North Sea boss has stepped down from the role to follow his “strong personal interest” in climate change as the firm announced a new net zero policy.
Record levels of production from its North Sea assets were not enough to halt a drop in pre-tax profits for Premier Oil in 2019.
The boss of UK independent oil producer Premier Oil said he does not see a viable long-term future for the North Sea - unless collaboration goes to a whole new level.