North Sea oil firm to hand investors a maiden dividend as it returns to profit
After two consecutive annual losses, EnQuest rebounded to a $93.8million profit in 2024 even though its revenue slumped by ...
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UK government to end North Sea windfall tax in 2030
It meant the total tax rate on companies now stands at 78%, prompting US-based firm Apache to announce it would end its North Sea operations by 2029. The company described the financial impact as ...
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'A Very Big Mistake': Donald Trump Condemns Labour Over Government North Sea Oil Policy
Open up the North Sea. Get rid of Windmills!” He was commenting on an article in which US oil giant Apache said it was quitting the North Sea because of the windfall tax on its profits.
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UK government to end North Sea windfall tax in 2030
The Energy Secretary, Ed Miliband, said: "The North Sea will be at the ... rise prompted the US-based firm Apache to announce it would end its North Sea operations by 2029. The company described ...