The development of Britain’s largest untapped oil field in the North Sea will generate billions of pounds in tax and boost the UK’s energy security for decades, ministers have said.
Ithaca shares jump as North Sea drilling approved – Rosebank oil field
Shares of Ithaca Energy have experienced a surge of up to 8.5% following the approval of the Rosebank oil field development.
UK Government approves £3.1bn Rosebank North Sea oil field
Regulatory authorities have approved drilling in one of the North Sea’s most substantial undeveloped oil and gas fields, marking an initial investment of £3.1 billion.
North Sea oil production plunges – Fears grow over Labour ban on new oil and gas licences
North Sea oil production witnessed its sharpest decline in ten years due to growing concerns about a potential Labour administration and the windfall tax imposed by Rishi Sunak, which has
Oil is set to record its largest monthly increase since the start of 2022.
Following supply reductions by Saudi Arabia and Russia, oil is poised to achieve its highest monthly gain since the start of 2022 as prices surge.
Rishi Sunak has approves hundreds of North Sea oil and gas licences
The UK Chancellor, Rishi Sunak, has granted approval for numerous new oil and gas licenses in the North Sea, cementing the crucial role of oil and gas in the UK’s
Apache ceases North Sea drilling operations just hours after the UK reduces windfall tax
“Anticipated layoffs as major operator points to ‘difficult macro environment’ for the energy sector.
UK to ease windfall tax to boost investment in the North Sea
Jeremy Hunt has disclosed strategies aimed at easing the Government’s windfall tax on oil and gas companies, following alerts about a potential large-scale job loss in the North Sea.
Repeated attacks on North Sea oil and gas are economically illiterate
The windfall tax was bad enough. Labour’s plan to stop all new investment is economic insanity on an unprecedented scale. My thoughts below
The enormous North Sea oil field that might represent Britain’s final reservoir.
As Labour waits in the wings, the fate of Britain’s fossil fuel resources remains uncertain.
As temperatures drop, Britain’s blackout plans are put to the test
The first snowfall of winter is here, and the mercury drops below zero this week. Britain’s energy supply faces its greatest test since Vladimir Putin invaded Ukraine.
UK considering big increase in energy windfall tax
Sources said that Jeremy Hunt, the British finance minister, is looking at a significant increase in a windfall income tax on oil and natural gas companies and extending it to