fetching latest news

News tagged in:  

UK NEWS

Kraken FPSO update: UK safety regulator checking events that led to shutdown
June 16, 2023
Source: Upstream Online

Kraken FPSO update: UK safety regulator checking events that led to shutdown

The UK’s Health & Safety Executive (HSE) is examining the events that led to the shutdown several weeks ago of the Kraken offshore oilfield in the UK North Sea, which field operator EnQuest has still not acknowledged.

UK windfall tax: Workers are the real victims in Energy Profits Levy dispute
June 14, 2023
Source: Upstream Online

UK windfall tax: Workers are the real victims in Energy Profits Levy dispute

Government and companies must co-operate to ensure more workers do not fall victim to oil and gas tax schemes that go awry

Wood Group’s share price plummets following takeover botch
May 15, 2023
Source: Upstream Online

Wood Group’s share price plummets following takeover botch

Leading UK energy services company Wood Group’s share price plummeted dramatically on Monday following its announcement that a takeover offer by Apollo Management Holdings will not proceed.

Support us as we manage our decline, says UK oil & gas body
March 28, 2023
Source: Upstream Online

Support us as we manage our decline, says UK oil & gas body

Investment in the UK oil and gas sector is falling short of levels needed to help industry responsibly manage the country’s production natural decline, an industry report has claimed, amid calls for new policy initiatives to help address a looming energy security problem.

UK Oil And Gas Workers Vote To Strike
March 21, 2023
Source: RIGZONE

UK Oil And Gas Workers Vote To Strike

The UK’s production of oil and natural gas could be at risk from strike action in the coming weeks, according to the Unite union.

UK lawmakers approve windfall tax on oil and gas producers
July 12, 2022
Source: Reuters

UK lawmakers approve windfall tax on oil and gas producers

British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills.The Energy Profits Levy will target profits made from a spike in oil and gas prices as energy demand is going up after pandemic lockdowns ended and the Russia-Ukraine conflict started.

UK lawmakers approve windfall tax on oil and gas producers
July 12, 2022
Source: Reuters

UK lawmakers approve windfall tax on oil and gas producers

British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills.The Energy Profits Levy will target profits made from a spike in oil and gas prices as energy demand is going up after pandemic lockdowns ended and the Russia-Ukraine conflict started.

UK lawmakers approve windfall tax on oil and gas producers
July 12, 2022
Source: Reuters

UK lawmakers approve windfall tax on oil and gas producers

British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills.The Energy Profits Levy will target profits made from a spike in oil and gas prices as energy demand is going up after pandemic lockdowns ended and the Russia-Ukraine conflict started.

UK lawmakers approve windfall tax on oil and gas producers
July 12, 2022
Source: Reuters

UK lawmakers approve windfall tax on oil and gas producers

British lawmakers approved a 25% windfall tax on oil and gas producers in the British North Sea on Monday, which the government says will raise 5 billion pounds ($5.95 billion) in one year to help people struggling with soaring energy bills.The Energy Profits Levy will target profits made from a spike in oil and gas prices as energy demand is going up after pandemic lockdowns ended and the Russia-Ukraine conflict started.

UK oil sector secures changes to windfall tax, seeks more amid gov't chaos
July 7, 2022
Source: Reuters

UK oil sector secures changes to windfall tax, seeks more amid gov't chaos

Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday. Former finance minister Rishi Sunak, who resigned on Tuesday, announced an Energy Profits Levy (EPL) on oil and gas producers in May to raise 5 billion pounds ($6 billion) to support households struggling with the soaring cost of living.

UK oil sector secures changes to windfall tax, seeks more amid gov't chaos
July 7, 2022
Source: Reuters

UK oil sector secures changes to windfall tax, seeks more amid gov't chaos

Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday. Former finance minister Rishi Sunak, who resigned on Tuesday, announced an Energy Profits Levy (EPL) on oil and gas producers in May to raise 5 billion pounds ($6 billion) to support households struggling with the soaring cost of living.

UK oil sector secures changes to windfall tax, seeks more amid gov't chaos
July 7, 2022
Source: Reuters

UK oil sector secures changes to windfall tax, seeks more amid gov't chaos

Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday. Former finance minister Rishi Sunak, who resigned on Tuesday, announced an Energy Profits Levy (EPL) on oil and gas producers in May to raise 5 billion pounds ($6 billion) to support households struggling with the soaring cost of living.

UK oil sector secures changes to windfall tax, seeks more amid gov't chaos
July 7, 2022
Source: Reuters

UK oil sector secures changes to windfall tax, seeks more amid gov't chaos

Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday. Former finance minister Rishi Sunak, who resigned on Tuesday, announced an Energy Profits Levy (EPL) on oil and gas producers in May to raise 5 billion pounds ($6 billion) to support households struggling with the soaring cost of living.

Is Brexit adding to the UK's energy crisis?
July 1, 2022
Source: BBC

Is Brexit adding to the UK's energy crisis?

The size of the common global economic shocks from the pandemic and from Russia's invasion of Ukraine has been the overwhelming driver of high inflation and slower growth for most European countries. But in recent days, the Bank of England Governor Andrew Bailey warned inflation is set to be higher for longer here in the UK, and growth in the economy weaker too. These gloomy forecasts echoed those made by the International Monetary Fund and the Organisation for Economic Co-operation and Development, which has 38 member countries.

City forecast: BP and Shell to face pressure as profits set to soar
May 2, 2022
Source: The Scotsman

City forecast: BP and Shell to face pressure as profits set to soar

The UK’s two biggest listed oil companies will face an odd dilemma this week as they present what is likely to be their best set of results for years while facing calls to cough up more in tax.

UK Won't Cease Oil & Gas Production Despite Mass Climate Protests: Energy Secretary
April 14, 2022
Source: Republic World

UK Won't Cease Oil & Gas Production Despite Mass Climate Protests: Energy Secretary

UK Energy Secretary Kwasi Kwarteng indicated on Wednesday that the British government will not cease the oil and gas production in the nation

UK ‘will import most oil and gas’ without investment
March 29, 2022
Source: Daily Business

UK ‘will import most oil and gas’ without investment

Britain will be forced to import almost all its gas and most of its oil from overseas suppliers unless billions of pounds are invested in new North Sea exploration and production facilities, according to a stark report from Offshore Energies UK.

Marubeni teams up with BP in Japanese offshore wind venture
March 24, 2022
Source: Trade Winds

Marubeni teams up with BP in Japanese offshore wind venture

Tie-up will also see UK oil major will establish a local offshore wind development team in Tokyo

Please Login to Save News for Later