Chancellor confirms increase in oil and gas windfall tax
The UK’s first female chancellor, Rachel Reeves, confirmed in her budget today that the windfall tax on oil and gas profits will be increased.
No change to onshore oil and gas planning policy
The government is proposing no changes to national planning policy for onshore oil and gas.
Election 24: Labour to ban fracking and block new licences
Labour has pledged to ban fracking for good and will not issue new oil and gas licences.
Election 24: Tories keep fracking moratorium
The Conservatives have committed in their election manifesto to keeping the moratorium on fracking in England.
Star Energy’s revenue hit by oil and gas price falls
Lower commodity prices hit Star Energy last year, the company revealed today in annual accounts.
Autumn statement sets out tax plans for oil and gas
The chancellor, Jeremy Hunt, confirmed today the end date for the windfall tax on oil and gas profits, more formally known as the energy profits levy (EPL).
Wressle oil delivers first Union Jack annual profit
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
WI joins celebrities and campaigners to reject Rosebank oilfield
More than 200 organisations, including the Women’s Institute, have joined celebrities and climate campaigners to oppose plans to develop the Rosebank oilfield off Shetland.
“Too little, too late” – reaction to the autumn statement
The government’s autumn statement has been criticised for failing to close loopholes in the windfall tax and for delaying extra spending on home insulation for three years.
Calls for tougher windfall tax as BP announces tripling of profits
Climate campaigners have called for higher taxes on oil and gas companies after BP announced a tripling of profits this morning.
DRILL OR DROP? 