Finance News – North Sea
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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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