Finance News – North Sea
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Greenpeace activists install giant Anish Kapoor artwork onto active Shell platform – video
This installation on an operational offshore site draws global attention that could influence public perception and potentially affect investor confidence in fossil fuel companies.
Read Full Article →North Sea rivals weigh bids for exploration assets of ailing Prax Group
Several major independent oil companies in the North Sea are considering offers for Prax Group’s exploration properties following the company’s financial difficulties and the resul...
Read Full Article →Fears UK gas stockpile to drop for winter as British Gas owner plans sell-off
Centrica’s decision to liquidate stored gas at the North Sea facility aims to limit ongoing financial losses, potentially resulting in reduced energy reserves in the UK ahead of th...
Read Full Article →North Sea operators 'running out of time' to plug old oil wells
The delay in sealing over 500 aging oil wells in the North Sea could lead to increased costs and financial liabilities for operators as regulatory deadlines approach.
Read Full Article →Ed Miliband forced to look again at North Sea oil and gas
The government is reconsidering regulatory adjustments for North Sea oil and gas operations to potentially reduce consumer energy costs and impact investment in the sector’s future...
Read Full Article →UK ministers to restart approval process for two North Sea oilfields
The government's decision to revisit permits for two significant North Sea energy projects highlights ongoing challenges in reducing reliance on imported gas and influencing long-t...
Read Full Article →Will the North Sea oil and gas industry be Labour’s next U-turn?
Changes in government approach toward North Sea energy production could significantly impact employment levels, regional economic stability, and fiscal revenues derived from the se...
Read Full Article →North Sea windfall tax causing ‘irreversible damage’ says oil giant
The additional tax on oil and gas companies operating in the North Sea is reportedly impacting industry stability and employment, leading to concerns about long-term financial effe...
Read Full Article →Harbour Energy to axe 250 jobs as it slams Rachel Reeves
Harbour Energy plans to reduce its workforce by 250 positions in Aberdeen, citing the impact of government taxation and regulatory challenges on its financial performance in the No...
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