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The Latest Breaking News from North Sea

Shell says windfall tax threatens North Sea oil and gas investment

Firm says Sunak’s levy creates uncertainty and asks for tax relief that covers investment in renewables

The Guardian - UK

BP to review North Sea investments following windfall tax announcement

Company says it will look at levy’s impact after CEO previously stated no projects would be mothballed

The Guardian - UK

Vulnerable Scots households to receive £1000 for cost of living crisis

The Tory chancellor said his bumper package of benefits funded mainly by a windfall tax on North Sea profits would mean £1000 for low income households in Scotland.

Daily Record

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'Energy bosses could cut prices and profits instead of demanding Government help'

Voice of the Mirror readers says North Sea producers are enjoying profit bonanzas by exploiting rocketing world gas and electricity charges which is raising the cost of fuel for firms and customers

Daily Mirror

Windfall tax would put investment in North Sea at risk, says Sir Ian Wood

Sir Ian Wood, one of the most influential figures in the oil and gas industry, warned that investment would be at risk from a windfall tax.

Daily Record

North Sea operators 'really worried' about windfall tax, says energy executive

MANY North Sea operators are “really worried” that a windfall tax could impact their investments, according to the head of the body which…

The National (Scotland)

A Dracula-themed walk to a great pub: Kilmarnock Arms, Cruden Bay

Dracula is 125 this month. This walk takes in the castle and treacherous coast that inspired Bram Stoker, and ends in the pub where he began writing the book

The Guardian - UK

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Union calls for change following strikes in North Sea

Oil rig workers have downed tools as wages no longer match rises in inflation

Insider UK

UK has approved several fossil fuel projects since Cop26, analysis finds

About 50 schemes are thought to be in pipeline between now and 2025 despite climate pledges

The Guardian - UK

Reports: 4 European nations to build North Sea wind farms

Danish media say four European Union countries plan to build North Sea wind farms capable of producing at least 150 gigawatts of energy by 2050

The Independent UK

Labour push Commons vote for windfall tax on oil companies to help with cost of living crisis

North Sea profits in the current year are more than the rise households across the UK face as a result of the £680 energy price cap increase.

Daily Record

Labour presses for Commons vote on windfall tax to cut energy bills

It would be imposed on North Sea oil and gas producers to fund a support package for families and business

Wales Online

Labour to try to force Commons vote on North Sea windfall tax

Party to put ministers on spot over the cost of living amid signs of support for policy on Tory benches

The Guardian - UK

East Coast Cluster carbon storage licence success is another step towards Net Zero ambition

Combined Humber and Teesside project is sanctioned by North Sea Transition Authority

Birmingham Post

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The National (Scotland)

Greens criticise 'imminent' approval of North Sea gas field

PLANS for a gas field to be developed in the North Sea have been condemned by the Scottish Greens after it emerged approval of the project is…

The Guardian - UK

The Observer view on the urgent need for a windfall tax on the energy giants

Even bosses of Britain’s oil and gas companies admit they hardly know what to do with record-breaking profits

The Guardian - UK

Like a phone dropped in the North Sea, Vardy v Rooney is full of absolute gold

The lost mobile could have explained it all, the jaw-dropping quotes, the battle of the outfits … the only ones benefiting from this libel case are the rubberneckers, says Guardian columnist Marina Hyde

The Guardian - UK

A windfall tax on North Sea oil and gas: what have ministers said so far?

Despite Labour’s idea being criticised as ‘disastrous’, Rishi Sunak has said nothing is off the table

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Liverpool Echo

Rebekah Vardy reduces courtroom to laughter when questioned about phone in North Sea

Mrs Vardy’s agent Caroline Watt was unable to supply her messages because her phone had “fallen into the North Sea"

The Guardian - UK

Energy prices: what is a windfall tax and how would it work?

All you need to know about a possible one-off levy on North Sea energy profits

Daily Record

Rishi Sunak plans North Sea oil windfall tax to ease cost of living crisis

The Chancellor is reported to have ordered officials to look at the Labour plan to impose a one off tax on the massive profits generated in the North Sea.

The Guardian - UK

North Sea oil and gas bosses get combined £25m pay rise

Pay package included a £4.6m ‘golden hello’ for CEO of the sector’s largest operator, Harbour Energy’s Linda Cook

Birmingham Post

First gas confirmed at Tolmount as significant new North Sea supply emerges at critical time

Harbour Energy estimates upwards of five per cent increase to UK production

The Guardian - UK

Windfall tax on North Sea oil and gas could raise £2bn, says Labour

Forecast outstrips previous estimate as booming profits for energy firms would net more cash for struggling UK households

The Guardian - UK

A North Sea oil windfall tax won’t raise much but every little bit helps

Tesco’s boss says oil producers are unfazed by a one-off levy to help households pay energy bills

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