Ithaca Energy: Profit tumbles at North Sea oil and gas firm as windfall tax bites Energy North sea oil and gas firm Ithaca Energy saw its revenue and profit tumble after being hit by impairment charges, lower production and a dip in the oil and gas prices. The FTSE 250 constituent, which in the Spring announced plans to buy all of Italian competitor Eni’s North Sea assets for £754m, lowered its [...]
‘A complete fabrication’: Government denies claims Ed Miliband has banned new North Sea oil licences Energy The government has been forced to deny reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences.
Shadow energy secretary Ed Miliband ‘not aware’ Russia found oil and gas in Antarctic UK Politics Ed Miliband has said he is “not aware” of the reports Russia discovered huge oil and gas reserves in the British Antarctic territories.