New U.K. Tax Rates Are Hammering North Sea Oil And Gas Drilling
A new wave of tax measures herald dark times for oil and gas exploration in the U.K. sector of the North Sea, a hydrocarbon basin that's already shrinking.
Equinor discovers oil and gas at North Sea wildcat
Equinor and its partners have discovered oil and gas at a wildcat well on the Rhombi prospect near the legacy Fram field in the North Sea. The discovery, the first in the area in 2024, is estimated at between 13 and 28 million barrels of oil equivalent, with slightly more than half being gas, the Norwegian major said in a statement on Thursday.
Shell Urges Court Not to Halt UK North Sea Oil and Gas Projects
Shell Plc urged a UK court not to threaten the commercial viability of a North Sea gas field by halting its development.
Shell and Equinor fight challenges to UK North Sea gas, oil projects
Shell and Equinor on Tuesday urged a Scottish court to uphold Britain's approval for the development of two vast North Sea oil and gas fields, as environmental campaigners attempted to block the projects.
Legal challenge to oil and gas fields begins
The campaigners want to stop the development of Rosebank oil field, which is off Shetland, and the Jackdaw gas field, off Aberdeen. But oil companies say the projects are vital. If the challenge is successful,
Court challenge begins against UK oil and gas field approvals
Two environmental groups kicked off a legal challenge in Scotland on Tuesday to block the Rosebank and Jackdaw oil and gas fields in the North Sea, with activists optimistic of
Fewer wells leaking methane in North Sea than expected
Less than two percent of the abandoned wells in the Dutch part of the North Sea are leaking methane originating from shallow ...
Oil firm blames windfall tax for North Sea pull-out
A US oil firm has said it will end all its operations in the North Sea by the end of 2029, blaming the impact of the windfall ...
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US operator to exit UK North Sea by 2029 due to ‘uneconomic’ tax hikes, regulations
In addition to blasting the UK’s Energy Profits Levy — otherwise known as a windfall tax — Christmann said UK regulators ...
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Petroineos Buys Most Benchmark North Sea Oil Since at Least 2008
(Bloomberg) -- Oil trader Petroineos has been snapping up benchmark crude in the North Sea market at the fastest pace in ...
Newly discovered sea slug is first known to swim in the ocean's Midnight Zone
R esearchers at the Monterey Bay Aquarium Research Institute (MBARI) have unveiled a new species of sea slug, Bathydevius ...
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U.S. Apache to Exit UK North Sea Due To Windfall Tax
APA Corporation said in an SEC filing that its assessment of the impact of the windfall tax, officially known as the Energy ...
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North Korea fires a barrage of ballistic missiles toward the sea ahead of US election
South Korea's military says North Korea has fired multiple short-range ballistic missiles toward its eastern sea as the ...
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Fewer leaking wells in the North Sea than expected
Less than two percent of the abandoned wells in the Dutch part of the North Sea are leaking methane originating from shallow ...
Approval for two sub-sea power projects linking Britain and Ireland
Britain’s energy regulator Ofgem has approved a new 88-mile undersea link between Northern Ireland and Scotland and also a ...