24 h. ago Reeves’s rejection of North Sea job cuts claim a ‘new low’, say Flynn

The Chancellor said she does not believe 1,000 jobs are being lost every month in the oil and gas sector.

Politics

24 h. ago Reeves dismisses claim 1,000 jobs lost a month in North Sea due to windfall tax

The Chancellor said job losses pre-dated the windfall tax

Politics

26 h. ago Rachel Reeves denies 1,000 North Sea oil and gas jobs being lost every month

Industry leaders have blamed a windfall tax on the profits earned by energy giants for thousands of lay-offs in Scotland.

Society

26 h. ago Chancellor says she does not believe 1,000 jobs being axed a month in North Sea

The figure came from analysis from an offshore expert at Robert Gordon University.

Politics

1 week ago Canada’s environmental ‘realism’ looks more like surrender | Tzeporah Berman

At a time when the UK and other countries are finally taking bold steps for climate, Canada is preparing a new oil pipelineLast week, the United Kingdom did something all too rare: it chose leadership by backing science and prioritizing public safety. The Labour government announced it would ban new oil and gas licences in the North Sea, strengthen a windfall tax and accelerate phasing out of fossil-fuel subsidies.These are not symbolic gestures. They are an acknowledgment that the global energy system is shifting and that mature economies must shift with it.Tzeporah Berman is a Canadian environmental activist, campaigner and writer Continue reading...

Politics

2 w. ago US private employers unexpectedly shed 32,000 jobs in November in biggest drop since 2023

Small establishments lost 120,000 jobs last month, which economists attributed to tariffs on imports that have raised costs for businesses

Society

2 w. 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

2 w. 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

2 w. 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

2 w. 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

3 w. 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

3 w. 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

3 w. 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

3 w. ago Why even green energy firms can see UK Budget needs to help oil and gas industry

About 1,000 jobs are being lost every month in the oil and gas sector with domestic production having fallen by 40 per cent in five years and predictions it could halve by 2030

Economics

3 w. 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

3 w. 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