EPL changes not to impact Rosebank but will jeopardise ‘further investments’
Rosebank remains unchanged despite UK fiscal instability, however, future investment worth up to £10 billion may be impacted, said an Equinor boss.
windfall tax
Ithaca reports “robust” half year but warns of “long-term damage”
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.
UK energy supply chain companies warn “time is running out” to save jobs and investment
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.
Labour government promises UK energy independence
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?
UKSIF accuses North Sea firms of ‘delaying tactics’ and ‘failing to invest’ in energy transition
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 ‘not been affected in a negative sense’ by windfall tax tinkering
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.
Treasury minister meets with oil and gas leaders in Aberdeen to calm EPL fears
OEUK says next few weeks will be "critical" as Treasury Minister promises ongoing talks on windfall tax changes ahead of October budget.
GMB and BRINDEX urge UK government to listen to oil and gas workers
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.
Mitch Flegg: Labour has right plan if it wants to ‘kill’ oil and gas and the supply chain
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.
Tory leader candidate admits windfall tax extension was mistake in Aberdeen visit – and now Labour are ‘doubling down’
Leadership hopeful Kemi Badenoch was in the north-east to hear where the Conservative government had "gone wrong".
Aberdeen councillors say Labour’s windfall tax puts just transition at risk
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.
Irish Sea gas developer EnergyPathways finds positive in EPL changes
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.
EPL changes mean ‘companies like Serica won’t invest’ says chairman
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.
EVOL: Windfall woes, a budget boost and a wind farm of epic proportions
This week on EVOL, the Energy Voice team discuss the reaction to upcoming changes to the windfall tax, and whether it’s behind Shell and Exxon offloading their Southern North Sea assets.
Hartshead Resources progressing North Sea projects despite windfall tax woes
Australian firm Hartshead Resources (ASX:HHR) is continuing work on its North Sea developments despite ongoing fiscal uncertainty surrounding the windfall tax.
Windfall tax changes to ‘hasten demise’ of North Sea
North Sea observers decry "utter economic insanity" as UK government confirms windfall tax increase and extension to March 2030.
Chancellor targets ‘unjustifiably generous’ investment allowances and confirms North Sea windfall tax
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.
Labour councillor says business group to blame if GB Energy snubs Aberdeen
An Aberdeen Labour councillor said the "negativity" of local business leaders will be to blame if his party does not select the Granite City as the headquarters for GB Energy.
Deltic accepts one of two new licences as it plans Blackadder farm out
Deltic Energy (AIM:DELT) said it is "in preparation for farm out" of its stake in Blackadder, as it shared news of new licences in UK waters.
Election Day: Labour Party policies “could spell chaos” for employment
Trade body OEUK warned "details matter" and so do incentives which have enabled Norway to reduce carbon emissions to record low levels.
Serica looks outside North Sea in face of “potential future increases” in tax
North Sea oil and gas firm Serica Energy (LON: SQZ) warned it was "looking very actively overseas" for new opportunities as it faces "recent and potential future increases" in UK tax.
North Sea “uninvestable” due to windfall tax and Labour party rhetoric, investor warns
The UK North Sea is “uninvestable” due to the windfall taxes and rhetoric from the Labour Party that they will make the regime even tougher.
Invest ABZ panel calls for ‘sustainability and clarity’ to deliver net zero
Attendees at Invest ABZ heard how “sustainability and clarity” are needed in the energy sector in order to deliver energy transition workers.
North Sea oil bosses pull no punches over UK energy policy
Jersey Oil and Gas duo warn current polices are threatening energy security and hurting long-term UK economic growth.
Oil and gas seen as ‘devil incarnate’ complains North Sea dealmaker
Oil and gas firms are being framed as the “devil incarnate” as general election rhetoric ramps up, a top North Sea dealmaker has complained.