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      The windfall tax on profits made by energy firms in the North Sea will end in 2030, the government has announced.

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Energy

  • Trade bodies back government’s embrace of North Sea oil and gas industry

    August 1, 2023

    Trade bodies across the energy industry has welcomed the government's decision to support the North Sea's oil and gas sector.

  • Government confirms new taskforce to ramp up nuclear skills

    August 1, 2023

    The government has announced a new taskforce geared towards boosting skilled workers in the defence and civil nuclear sectors.

  • Glencore snaps up Pan American’s stake in Argentine copper project in $475m deal

    July 31, 2023

    Pan American Silver Corp will sell a 56 per cent stake in a copper project in Argentina for $475m to Swiss commodities giant Glencore.

  • Labour slams Rishi Sunak’s plans to boost North Sea oil and gas

    July 31, 2023

    Rishi Sunak's energy policies are "weak and confused" and will "not take a penny off bills", said shadow climate secretary Ed Miliband.

  • Government backs carbon capture and storage to meet net zero goals and boost North Sea industry

    July 31, 2023

    The government has announced the latest winners of its carbon capture and storage approval process.

  • Why the windfall tax is here to stay after today’s bombshell oil and gas announcements

    July 31, 2023

    The government has work to do if it wants to convince the North Sea oil and gas sector over its energy plans.

  • Sunak bids to woo North Sea industry with hundreds of new oil and gas licences

    July 31, 2023

    Sunak has pledged hundreds of new oil and gas licences, two new carbon capture clusters and review on the sector's tax regime

  • Ofgem risks losing public trust after British Gas’ profit bonanza

    July 31, 2023

    Four years of heavy losses and instability in the energy industry were upended last week when British Gas posted record profits.

  • Ovo exits parent firm in founder Stephen Fitzpatrick’s latest reshuffle

    July 31, 2023

    Big Six energy supplier Ovo has cut ties with its long-standing parent company Imagination Industries, according to its latest results.

  • Oil prices rally due to revived hopes of Chinese demand amid Opec cuts

    July 30, 2023

    Oil prices have recorded five straight weeks of gains with investors seemingly convinced markets will tighten.

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