The CEO of a North Sea gas company has said his team was “days away” from issuing key contracts when Labour’s promise of a “proper windfall tax” sparked job cuts.
Hot off its Southern North Sea success with Shell, Deltic Energy (AIM: DELT) said it is progressing plans for a farm out deal on its “drill-ready” Syros prospect by the end of this year.
Fabrication giant Harland & Wolff (H&W) expects to create at least 200 new jobs at Arnish, on Lewis, and 400 in Fife through a £270 million investment in its the Scottish shipyards.
The UK’s decarbonisation goals are undoubtedly ambitious and will require a comprehensive, multi-faceted strategy if the country is to meet its net zero obligations.
BP (LON: BP) expects to report a strong performance from its trading business for the first quarter, with a notable improvement in results from buying and selling oil.