Harbour Energy continues to boost global footprint while targeting ‘material shareholder returns’ November 29, 2023 Harbour Energy has announced today it's targeting free cash flow of $1bn (£800m) in its current financial year.
North Sea oil and gas sector push Labour to back licensing rounds November 8, 2023 The North Sea oil and gas industry is hoping to convince Labour to back future oil and gas licences - Morning Wire has learned.
Rosebank: Climate campaigners prepare legal action against oil and gas field September 27, 2023 Climate campaigners have vowed to take legal action against the government, following the approval of Rosebank this morning.
Rishi Sunak backs Rosebank oil and gas field: We don’t reach net zero by ‘wishing it’ September 27, 2023 Prime Minister Rishi Sunak has backed the approval of Rosebank, the UK's largest undeveloped oil and gas field in the North Sea.
Rosebank: All systems go for new North Sea oil and gas field after joint thumbs-up September 27, 2023 The Rosebank oil field development WILL go ahead after private investors and government both signalled final approval.
North Sea oil and gas industry ripe for M&A activity but constrained by lack of cash September 27, 2023 The North Sea is ripe for takeovers with multiple oil and gas assets up for grabs, but the lack of finances means few players will benefit.
Windfall tax revenue set to slump 40 per cent thanks to falling oil and gas prices June 27, 2023 The sharp fall in the price of oil and gas will lead to a huge drop in revenue from the government’s windfall tax. Announced in November of last year, the energy profits levy hiked an existing tax on oil and gas profits and extended its deadline until 2028. Chancellor Jeremy Hunt estimated that it would [...]
IOG shares rise as troubled firm shelves North Sea projects June 26, 2023 IOG's shares have soared 25 per cent today on the London Stock Exchange, after it cancelled expansion projects to boost its balance sheet.
Eni and Var Energi to buy Neptune Energy in £3.9bn mega-deal June 23, 2023 Eni and Var Energi have reached an agreement to acquire oil and gas specialist Neptune Energy in a £3.9bn deal.
Government eases windfall tax to protect North Sea oil and gas projects June 9, 2023 The government has softened the windfall tax in a bid to soothe industry concerns over the UK’s investment climate in the North Sea.