APA Corp. cut about 300 employees globally as it becomes the latest oil producer to reduce costs by eliminating jobs. Most ...

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 ...

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.