Britain’s energy landscape stands at a pivotal juncture, as Ithaca Energy, the operator of the Rosebank oil field off Shetland, has announced its readiness to commence production within months, pending
North Sea Bonanza: 1.1 Billion Barrels of Oil and Gas Discovered
Fresh North Sea Oil and Gas Find Heaps Pressure on Miliband’s Drilling Ban
UK may already be in recession, warns shadow business secretary
Britain could already be experiencing a recession, according to Shadow Business Secretary Andrew Griffith, who criticizes Rachel Reeves for steering the economy in the wrong direction.
Chevron Corp (NYSE:CVX, ETR:CHV) departure from the North Sea after 55 years
Chevron Corporation (NYSE: CVX, ETR: CHV), a leading oil company, announced its plans to divest its remaining assets in the North Sea, marking its departure from the region after 55
UK risks becoming dependent on oil & gas imports as North Sea production dries up
The United Kingdom is on a trajectory towards increasing dependence on imported oil and gas as production in the North Sea declines at a rate outpacing the decrease in demand
The new Rosebank oil field in the North Sea is set to generate billions in revenue for the Treasury.
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.
UK’s Unique Tax Policy Impacts Global Sports Stars
In an era of globalization and international mobility, the UK tax system has come under the spotlight for its distinct treatment of foreign sportspeople and entertainers who visit its shores.
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
Scotland’s job market weakens due to downturn in the oil sector.
The job market in Scotland is facing challenges, with wage growth lagging behind the rest of the UK, primarily due to the downturn in the oil sector, as reported by
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.