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Trouble Deepens for North Sea Oil and Gas

Trouble Deepens for North Sea Oil and Gas

Stu Turley's avatar
Stu Turley
Sep 24, 2024
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Energy News Beat
Energy News Beat
Trouble Deepens for North Sea Oil and Gas
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North Sea Oil and Gas
  • North Sea oil and gas operators are not just facing the prospect of higher windfall taxes, they are now also finding it more difficult to get loans from UK banks.

  • The windfall profit tax was imposed on the energy industry in 2022 amid record profits resulting from the supply uncertainty in oil and gas following the incursion of Russian troops into Ukrain…

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