North Sea operator Serica Energy said its UK offshore assets remain "cash generative" despite an "unjustifiably punitive" fiscal regime as it released its half year results today.
Another North Sea major has weighed in on the how the Energy Profits Levy will cause "irreversible damage to an indigenous and strategically important UK industry".
Australian operator Hartshead Resources is moving closer to a field development plan for its Anning and Somerville development
British Chambers of Commerce (BCC) director general Shevaun Haviland warned that while the "imperative for net zero is ratcheting up daily", the UK needs a plan in place "as soon as possible"
Despite BP’s (LON: BP) North Sea boss being hopeful about the future of oil and gas in the UK, Doris Reiter says uncertainties driven by government policy are undermining investment confidence and the energy transition.
UK government plans to raise the windfall tax on North Sea oil and gas firms could cause a £13 billion hit to the UK economy between 2025 and 2029, a report has found.
Hunting CEO Jim Johnson sees strong growth for the 150-year-old firm in South America and the Middle East, but his outlook is less positive for the UK.
Rosebank remains unchanged despite UK fiscal instability, however, future investment worth up to £10 billion may be impacted, said an Equinor boss.
Ithaca Energy (LON: ITH) has hailed "robust" cash flow but has warned about the "ongoing impact" of the UK government's oil and gas fiscal policies and the "long-term damage" they will cause.
The 42 companies manufacturers, professional services and engineering companies employing tens of thousands have issued a joint letter to Sarah Jones, Minister of State for Industry and Decarbonisation.
New government, new policies and a thirst for energy independence, but what does this grandiose phrase mean? Independence from volatile international prices, from the UK’s “broken energy market” or from the tyranny of utilities? Labour is not suggesting a UK oil and gas sector renaissance; the country will instead become a clean energy superpower. But is this achievable and is it desirable?
The windfall tax is an "appropriate mechanism" because North Sea oil and gas firms have "consistently failed to invest" in the energy transition, according to the head of a sustainable finance group.
EnergyPathways CEO Ben Clube is looking on the bright side of Labour’s windfall tax changes as he feels the winds of change blowing in the North Sea.
OEUK says next few weeks will be "critical" as Treasury Minister promises ongoing talks on windfall tax changes ahead of October budget.
GMB, one of Labour's biggest financial backers and a group made up of the North Sea's biggest independent producers, have joined forces to warn about the impact government's plans on workers.
A senior North Sea leader has issued a chilling indictment of the UK Government's tax policies and the impacts it will have on jobs and key industry.
Leadership hopeful Kemi Badenoch was in the north-east to hear where the Conservative government had "gone wrong".
Aberdeen councillors, including Labour members, have unanimously backed a motion agreeing the UK government's windfall tax policy puts jobs and a just transition at risk.
Gas firm EnergyPathways (AIM:EPP) has shared its support for last week’s changes to the energy profits levy which prompted outrage from some of its peers.
Serica Energy's chairman has argued that changes to the EPL will lead to firms like his not investing in the UK and job losses.
Australian firm Hartshead Resources (ASX:HHR) is continuing work on its North Sea developments despite ongoing fiscal uncertainty surrounding the windfall tax.
North Sea observers decry "utter economic insanity" as UK government confirms windfall tax increase and extension to March 2030.
The Labour Party has forged ahead with plans for the rise and extension of the windfall tax on North Sea companies which will come into force 1 November.
Trade body OEUK warned "details matter" and so do incentives which have enabled Norway to reduce carbon emissions to record low levels.
Jersey Oil and Gas duo warn current polices are threatening energy security and hurting long-term UK economic growth.