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
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.
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.