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North Sea Oil

  • ‘A complete fabrication’: Government denies claims Ed Miliband has banned new North Sea oil licences

    July 11, 2024

    The government has been forced to deny reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences.

  • Going green? Not without backing from the City, you don’t

    June 4, 2024

    The energy transition requires investment in two things: transition (obviously) and new, greener, cheaper technologies.

  • Enquest expects to return to growth despite ‘political uncertainty’

    May 30, 2024

    Enquest said it's looking to return to growth this year despite ongoing political uncertainty.

  • Ithaca Energy’s income slumps, but it expects ‘material dividend capacity’ from Eni merger

    May 28, 2024

    Ithaca Energy has suffered a drop in income, but the group remains optimistc about future growth.

  • Ithaca Energy to buy Eni’s UK assets for about £754m

    April 23, 2024

    North Sea oil and gas producer Ithaca Energy said on Tuesday it would buy Eni's UK upstream oil and gas assets for about £754m in an all-stock deal.

  • Revenue slumps at Enquest as producer attacks ‘challenging’ North Sea operating environment

    March 28, 2024

    Oil producer EnQuest saw revenue fall, but announced a share buyback, in a year trading that was hit by lower oil and gas prices and the continuation of the windfall tax on North Sea oil.

  • Harbour Energy records drop in revenue and production as windfall tax weighs

    March 7, 2024

    Harbour's chief executive said the tax all but "wiped out" the firm's profits in 2022

  • Just Stop Oil’s ‘imposition’ is slowing energy transition – North Sea chief

    February 27, 2024

    OEUK Chief David Whitehouse said that de-carbonisation will not happen through goodwill alone

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