3 h. ago Harbour Energy slashes ANOTHER 100 jobs as windfall tax bites

Oil and gas firm Harbour Energy is cutting another 100 North Sea jobs in the North Sea after the Chancellor refused to axe the windfall tax in the Budget.

Politics

3 h. ago Harbour Energy to axe 100 offshore jobs amid windfall tax pressure

Harbour said it has come under pressure from lower commodity prices and an ‘uncompetitive tax regime’.

Events

4 h. ago Harbour Energy job cuts: Oil and gas firm Harbour Energy to axe around 100 offshore jobs

100 offshore jobs out of around 700 are at risk.

Society

4 h. ago North Sea job cuts: Oil and gas firm Harbour Energy to axe around 100 offshore jobs

100 offshore jobs out of around 700 are at risk amid pressure from UK windfall taxes.

Society

59 h. ago The truth about oil and gas industry's windfall tax complaints – and why Labour still needs to help it

Labour has conceded some ground but needs to send a much clearer signal that the North Sea is open for business

Society

3 d. ago Keeping windfall tax was 'right choice', insists Anas Sarwar amid industry backlash

The Scottish Labour leader said the move allowed the UK Government to cut energy bills and reduce child poverty

Events

4 d. ago Keeping windfall tax is right thing to do, says Reeves amid concerns over jobs

The Chancellor responded to criticism from the sector and the Scottish Government following her decision to maintain the energy profits levy.

Politics

4 d. ago Oil and gas sector warns it will be 'taxed to death' after Rachel Reeves extends windfall tax

The Chancellor announced in her speech in the House of Commons on Wednesday that the Energy Profits Levy (EPL) will remain in place until March 2030 - when it will be replaced by a new Oil and Gas Price Mechanism (OGPM).

Events

7 d. ago Failure to scrap windfall tax will 'sound death knell' for North Sea oil, Rachel Reeves told

The Chancellor has also been warned to make ‘hard choices” and avoid “death by a thousand taxes” by one of Britain’s biggest business leaders ahead of Wednesday’s announcement.

Events

8 d. ago Budget offers Rachel Reeves a chance to change course on North Sea

The windfall tax threatens an industry whose investments, skills and infrastructures are needed to make the transition to green industries

Politics

1 week ago Scrap windfall tax and lift ban on new oil, leading business figures urge Reeves

Martin Gilbert and Sir Ian Wood led two of the biggest firms in Aberdeen.

Economics

2 w. ago Sadiq Khan eyes up £200MILLION windfall as Rachel Reeves prepares to approve 'tourist tax' in Budget

Chancellor Rachel Reeves is expected to give the go-ahead for mayors in England to impose the charges, adding costs to stays at hotels and bed and breakfasts.

Economics

2 w. ago North Sea oil worker wins £1m and immediately quits job after spending 7 months a year offshore

Christian Jones, 52, is the latest winner of the Omaze Monthly Millionaire Draw, scooping a life-changing £1 million prize, completely tax-free.

Economics

2 w. ago Reeves urged to cut windfall tax and not ‘sacrifice’ oil and gas workers

The Chancellor is due to deliver her budget later this month.

Economics

2 w. ago It would be financial suicide to levy a £30 billion windfall tax on banks

Our banks would have to consider severely curtail lending if the Lib Dem suggestion is ever implemented

Economics

3 w. ago Offshore oil workers must lose weight or face losing their jobs under new safety measures

The OEUK industry body will offer support to those who stand to be affected by the safety measure and says job losses would be the “absolute worst-case scenario”

Politics

3 w. ago Offshore worker told to lose weight or they could lose their jobs

New guidelines from trade body Offshore Energies UK could see overweight workers lose their jobs if the fail to lose weight

Politics

3 w. ago Thousands of offshore workers could lose jobs if they fail to lose weight

Offshore Energies UK will from November 2026 require offshore staff to weigh a maximum of 124kg.

Events

3 w. ago North Sea oil firm Harbour Energy axes 250 more jobs as pressure mounts on Labour to scrap windfall tax

The company said the latest cull means it has cut around 600 jobs since the so-called 'energy profits levy' was introduced in 2022 - underlining its damage to the economy.

Economics

3 w. ago Oil and gas windfall tax must be replaced, say offshore and renewables groups

Offshore Energies UK and Scottish Renewables have written a joint letter to Chancellor Rachel Reeves and Energy Secretary Ed Miliband.

Politics