Exclusive: North Sea firms urge Government to protect investment relief as windfall tax hike looms November 12, 2022 North Sea oil and gas producers are urging Government to ensure investment relief is continued in line with any windfall tax expansion.
National Grid urges ‘transparency’ as it commits £40bn to UK’s energy system November 10, 2022 National Grid has called for stability in the UK’s investment climate, so it can ramp up infrastructure and help the country transition to a greener future.
UK closes in on mega LNG deal with US to stave off blackout fears November 8, 2022 The UK is set to finalise a major gas deal with the US after the COP27 climate change summit in Egypt this month.
Raising windfall tax would be “disastrous” for Britain, says North Sea body November 7, 2022 Expanding the windfall tax would be "disastrous", warned a leading North Sea group in a letter to Chancellor Jeremy Hunt.
North Sea industry set to be dominated by major oil and gas players November 7, 2022 The North Sea will become dominated by oil and gas majors, revealed forecasting specialist Welligence Energy Analytics.
Harbour Energy warns raising windfall tax could risk UK investments November 3, 2022 Harbour Energy has warned it will have to reconsider investments in the UK, if the windfall tax is further expanded.
Uniper suffers eye-watering £35bn losses after Russian gas cuts November 3, 2022 Uniper has suffered the biggest net losses in German corporate history over the first nine months of 2022, following a Russian supply squeeze.
Gas prices climb amid renewed concerns of winter shortages November 3, 2022 Gas prices spiked this morning, with capacity reductions at gas fields in Norway powering the latest uptick in spot prices.
Ithaca Energy closes in on £3bn valuation as London float looms November 2, 2022 Ithaca Energy is closing in on a value above £3bn in what could be London's largest initial public offering this year.
BP’s profit bonanza reignites calls for tougher windfall tax November 1, 2022 BP has unveiled another bumper round of monster profits powered by soaring gas prices, reigniting calls for a windfall tax.