A judge has revoked the production permits of Britain’s two largest offshore oil and gas projects, halting their production of fossil fuels due to concerns over greenhouse gas emissions.
Share Talk Weekly Energy Sector News Round-Up, Friday 3rd June 2022
Share talk spoke to Clontarf Energy plc (AIM: CLON) David Horgan, Chairman this week just before he flow offshore to join the team onboard the MS-1 semisubmersible, Sasanof-1 exploration well,
Shell gives green light to largest North Sea oil project in decades
After receiving approval from regulators, Shell will develop the largest North Sea gas project in years as the Government scrambles for domestic energy supplies.
Shell & BP paid zero corporation taxes on North Sea oil and gas production in three years.
According to company filings, Shell and BP have not paid any corporation taxes on North Sea oil and gas production over the past three years.