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North Sea firm cuts UK production as windfall tax backfires

The FTSE 250 company said it was writing off £58m as a direct impact from the levy, pushing it to scale back plans for the second half of 2023 and into 2024.

United kingdomNorth seaOceans generalJeremy huntGilad myersonElgin franklinSandy mayerMontrose arbroathLinda cookUnited kingdom ithaca energyHarbour energyIthaca energyGreater stellaUnited kingdom north seaRishi sunakLondon listed enquest

Cambo oil giant Ithaca Energy warns production to drop

The future of the controversial Cambo oil field continues "to be evaluated" after delays in North Sea investment because of the UK…

Shetland islandsUnited kingdomNorth seaOceans generalMontrose arbroathElgin franklinIthaca energyEnergy profits levyShell united kingdomScottish governmentUnited kingdom north seaGreater stellaEquinor operated rosebankShell united kingdom limitedFotla discovery

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