Energy bodies warn green growth at โsevere riskโ without new support
A group of trade associations from across the energy sector have written to the Chancellor urging him to prioritise incentives for green growth as part of the Spring Budget.
A group of trade associations from across the energy sector have written to the Chancellor urging him to prioritise incentives for green growth as part of the Spring Budget.
Shellโs (LON: SHEL) top boss has made a plea for โstabilityโ as calls for an escalation to the North Sea windfall tax continue to circle.
Meanwhile OEUK accuses Labour of โmisrepresentingโ oil firms earnings in the UK tax system.
News of Shell (LON: SHEL) recording record annual profits could come back to bite the oil and gas giant, as well as its counterparts.
Hartshead Resources says it has received โhigh interestโ from parties keen to partner up on a pair of UK gas fields.
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.
Cambo is positive, Rosebank is positive, says Romain Chambault of Baker Hughes, but Harbour Energyโs windfall tax announcement shows the price of poor policy.
24 Norwegian oil and gas projects were green lit in 2022, marking a record-breaking year for project approvals, according to data from Rystad Energy.
Concerns have been raised about the unintended consequences of the UK Governmentโs subsidy for electrifying oil and gas platforms.
Hundreds of North Sea oil and gas discoveries could be abandoned as companies battle with uncertain headwinds.
The windfall tax on North Sea oil and gas producers raised nearly 25% less than expected for Treasury coffers last month.
The UKโs offshore wind plans tend to hog the limelight, but onshore wind can also play a part in achieving the net zero goal of 2050.
Labour shadow chancellor Rachel Reeves has pledged her party will increase the North Sea windfall tax, in a move industry says will spell โdisasterโ.
More than three-quarters of Scots support domestic North Sea production, a survey has found, despite political moves which could harm the sector.
Rishi Sunak and Jeremy Hunt are being held responsible for planned job losses at the UK North Seaโs largest producer.
Harbour Energy (LON: HBR) has confirmed cuts to its planned UK spend in response to Westminsterโs tinkering of the tax regime.
Commercial property experts fear a North Sea oil and gas slowdown caused by the windfall tax could put an Aberdeen office market recovery into reverse.
Harbour Energy (LON: HBR) has confirmed plans for a series of job cuts at its North Sea base in Aberdeen - understood to number in the hundreds - due to the windfall tax.
Interview suggests North Sea was the high-growth area for EnQuest, but could be replaced by Asia in wake of the UK windfall tax
North Sea operator TotalEnergies (LON: TTE) expects to shell out millions of pounds to the UK Government, as a result of the divisive windfall tax.
MPs challenged the government over its energy efficiency performance and the continued licensing of new oil and gas fields, while a government minister reiterated a continued need for fossil fuels.
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Revisions to the windfall tax โ or energy profits levy โ increased the estimated bill of Harbour Energy (LON:HBR) by over $2bn, according to analysis.
Orcadian Energy will look to the INTOG offshore leasing round to help progress its flagship Pilot development, chief executive Steve Brown said, as the firm looks to make headway in 2023.
Windfall tax measures in the UK and EU are expected to see Shell (LON: SHEL) take on a $2bn liability during Q4, the energy giant has said.