APA Corporation will pull out of the UK North Sea in the next five years because of “uneconomic” regulations and energy tax hikes from the UK government, the US operator said Thursday on its ...
A new taskforce that will oversee the switch from oil and gas to clean industries must avoid the failures of the past, according to the former civil servant who was critical of Britain's departure ...
U.S. oil producer Apache plans to cease oil production at its assets in the UK North Sea by 2030, due to the windfall tax on operators. Apache’s parent company APA Corporation said in an SEC ...
The British government will increase a windfall tax on North Sea oil and gas producers to 38% from 35% and extend the levy by one year, finance minister Rachel Reeves announced on Wednesday.Presenting ...
Extreme Weather Maps: Track the possibility of extreme weather in the places that are important to you. Heat Safety: Extreme heat is becoming increasingly common across the globe. We asked experts for ...
Since the previous Tory government introduced a windfall profit tax on the energy industry back in 2022, oil and gas output from the North Sea has declined by 10%. Instead of supporting the ...
North Sea exploration pioneer Deltic Energy has parted company with chief executive Graham Swindells as it launches a cost cutting drive amid oil and gas industry fears about the Government's ...