INEOS boss: North Sea energy faces ‘death by tax’

Sir Jim Ratcliffe has expressed concerns over the UK government’s windfall tax on North Sea oil operations, stating that it hampers future investments and has poor returns

Shell reports £7.7bn profits

The company beats its own first-quarter profit record with adjusted earnings of £7.2bn

UK’s net zero at risk as majority of offshore firms cut North Sea investment

Political uncertainty and windfall taxes are driving away necessary investments to maintain North Sea oil and gas production, a report has warned

Windfall tax ‘wiped out our profit’, says Harbour Energy

The North Sea’s biggest oil and gas producer has said its pre-tax profits rose by almost 700% last year

Government under fire over “hostile environment” for net zero investment

UK economy could lose out on £62 billion of investment between now and 2030 without further government action, EnergyUK has warned

Energy industry risks “death by a thousand cuts”, says RWE boss

Tom Glover has warned that £12 billion of the company’s original £15 billion investment plans by 2030 is now “up for grabs”

British Gas owner set to post record £3bn annual profit

Britain’s biggest energy supplier is expected to say that it made the highest adjusted operating profits in its history last year

bp reduces climate targets after record profits

Following £23bn in profits, it has reduced the carbon emissions targets set for 2030 to invest in more oil and gas

Bills to be £600 lower than previously feared

Annual energy bills are now forecast to be £2,400 next year

Harbour Energy to cut jobs due to windfall tax

The oil and gas firm has not yet confirmed how many jobs will go