Neo Energy slows down £900m North Sea project due to windfall tax Energy One of the North Sea’s largest oil and gas project has been plunged into uncertainty after its operator announced it was slowing down investment in light of “fiscal and regulatory uncertainty”. Neo Energy had planned to start work on the £900m Buchan project – expected to produce a peak of 35,000 barrels of oil a [...]
Is Ithaca Energy’s £754m buy of Eni’s North Sea oil and gas assets a good deal? Energy Dark clouds of political uncertainty and the green transition hang over Ithaca Energy's blockbuster £756m buy.
‘Warning lights flashing’ as UK risks missing out on £450bn energy market Energy OEUK said that any argument for windfall taxes on oil and gas firms has disappeared with energy prices having returned to pre-Russia-Ukraine war levels.
‘Can’t do the maths’: Labour slammed for oil and gas windfall tax extension February 11, 2024 The UK’s offshore energy industry has lambasted Labour and its leader Keir Starmer after the party said it will extend the windfall tax on UK oil and gas producers. The body said if the party follows through with its intention to extend the levy until 2029, up to 42,000 jobs will be lost and £26bn [...]