The big takeover offered diversification into new sectors, such as renewables and civil engineering. But it came with legal liabilities, including a corruption settlement. Net debt also jumped from ...

The windfall tax on oil and gas firms will end in 2030 – but the government has pledged to “unleash” clean energy in the ...

There are still a lot of economic opportunities even in the mature North Sea basin, but the region “can’t compete with other basins which we operate in” because of this uncertainty ...

An environmental group in the U.K. says the North Sea tanker collision could become a "disaster in really important protected ...

Labour has been accused of 'caving to eco-zealots' after a judge upheld a legal challenge to two new oil and gas fields in the North Sea. Greenpeace and Uplift argued at the Court of Session in ...

Still, the North Sea’s changing ownership landscape worries ... will accelerate the basin’s decline. Combined, the policies are expected to wipe out 65pc or £19bn of capital expenditure ...

The government plans to replace the levy with a new pricing mechanism, aiming to balance oil and gas production with clean ...

There are still a lot of economic opportunities even in the mature North Sea basin, but the region “can’t compete with other basins which we operate in” because of this uncertainty, said Louise ...