BP and Total Energies most exposed to North Sea oil and gas levy May 30, 2022 BP and Total Energies will suffer the biggest losses in earnings from the government's announced levy on North Sea oil and gas operators, says UBS.
It’s finally Appian! Court case begins over fallout from collapsed $1.2bn deal May 30, 2022 Court proceedings for Appian Capital Advisory's $1.2bn compensation claim against South Africa's Sibanye-Stillwater after a deal between them collapsed.
‘Resource nationalism’ is here to stay argues EV Metals boss May 30, 2022 "Resource nationalism" is here to stay following Russia's invasion of Ukraine, argued EV Metals Group chief executive Michael Naylor.
Shell warns of investment ‘uncertainty’ amid projections of record North Sea tax revenues May 29, 2022 Shell has toughened its stance on the government's announced levy on North Sea oil and gas operators, warning the new tax will create "uncertainty."
EU prepared to water down oil ban to secure agreement ahead of summit May 29, 2022 The EU is edging towards a watered down package of sanctions on Russia after weeks of talks with holdout country Hungary.
Ukraine puts pressure on Germany to limit Russian gas through Nord Stream 1 pipeline May 29, 2022 Germany is under pressure to reduce its consumption from the Nord Stream 1 pipeline, as Ukraine looks to fund its war efforts through transit fees.
Electric blankets saved customers £300 on their energy bills, says Octopus Energy May 29, 2022 Customers using electric blankets have cut their energy bills by nearly a fifth this year, revealed Octopus Energy.
Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’ May 27, 2022 Shell has slammed the government’s windfall tax. It said while it “understands the worry for millions” about the cost of living crisis, the new tax creates “uncertainty” about investment in the UK energy sector. This follows Chancellor Rishi Sunak announcing a so-called Energy Profits Levy, a 25 per cent surcharge on North Sea oil and [...]
BP could reconsider UK investment plans after being hit with windfall tax May 27, 2022 Energy giant BP has revealed it will have to "look at the impact" of the government's new levy on its £18bn UK investment plans.
Shell upholds pledge to invest in UK energy sector after Sunak unveils £5bn windfall tax May 26, 2022 Shell has reaffirmed its commitment to ramp up investment in the UK's energy sector despite the unveiling of a hefty new windfall tax.
