Tag: UK windfall tax

Israeli firm buys Cambo oil field developer

North Sea producer slashes UK output due to windfall tax impact

August 24, 2023

Ithaca Energy, a North Sea oil and gas producer, is reducing UK production due to an unforeseen…

British energy giant bp to buy biogas producer Archaea in $4.1bn deal

bp beats profit forecasts in first quarter

The energy giant has reported profits of $5 billion for the first quarter

Windfall tax threatens oil and gas investment in North Sea, says Shell

Shell to be hit by $2.4bn windfall tax blow

January 9, 2023

A few months ago, the energy giant reported third-quarter profits of £8.1bn