The UK’s renewable energy industry is not developing quickly enough to replace the fossil fuels altogether yet ...

Facing declining domestic production, energy security concerns, and industry pushback, the UK government is adjusting its stance.

The consultation, published on Wednesday, outlines proposals for a profit or revenue-based tax regime for the oil and gas ...

North Sea oil and gas companies Enquest and Serica Energy are in talks about an all-shares merger as the windfall tax takes ...

A deal would most likely involve a reverse takeover by EnQuest for Serica and include a return of capital to current Serica ...

Investors in Harbour Energy headed for the exit as the company reported a loss after tax of $93 million for the year ended December 31, compared with a $45m profit the year before, following a steep ...

The windfall tax on oil and gas firms will end in 2030 – but the government has pledged to “unleash” clean energy in the ...

The Government has announced plans to end the windfall tax on oil and gas profits in 2030 as it launches a consultation on the future of the North Sea energy sector.

The UK government is considering a new type of levy on North Sea oil and gas profits to replace a windfall tax due to end in 2030.

In November, US company Apache, which employs almost 500 workers in Scotland, confirmed it would end operations in 2029 due to the energy profits levy rendering their viability “uneconomic”.

The UK Government has announced plans to reform its windfall tax regime on oil and gas producers once the current levies ...

Harbour Energy, the largest British North Sea oil and gas producer, saw its shares plunge 13% after windfall taxes wiped out ...