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Serica

  • Kickstart North Sea production to dodge Iran fallout, Serica warns

    Business

    Serica Energy has urged the government to prioritise domestic production in the North Sea, as oil and gas supplies continued to be held in the Strait of Hormuz amid the Iran war in its latest annual results. Serica noted that confidence in the UK North Sea sector had been “eroded” and while the government has [...]

    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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