Facing declining domestic production, energy security concerns, and industry pushback, the UK government is adjusting its stance.

North-East Atlantic archipelago hoping development of nearby Rosebank and Cambo fields in UK North Sea will provide ...

The UK government is drafting a new tax regime for oil and gas companies to replace a controversial windfall levy after 2030.

Britain plans to overhaul its windfall tax regime on oil and gas producers once current levies run out in 2030, it said on Wednesday as it vowed to transform the North Sea into a renewables hub.

In the release, Whitehouse said, “the UK has significant oil and gas resources, and these should be produced responsibly alongside an acceleration in supplies of renewable energy to avoid over ...

The consultation will set out the next steps for the government’s strategy to transition away from fossil fuels ...

They are the very wind turbines US President Donald Trump called on the UK to rip out, claiming efforts to transition away from the region's 50-year history as an oil and gas producer are “a very big ...

Oil producers are seeking ways to remain profitable in an environment of plummeting oil prices and worries that U.S. President Donald Trump's tariffs could slow global energy demand. UK oil major ...

Reskilling UK fossil fuel workers is crucial to safeguarding ... or the need for energy security and the dwindling oil and gas reserves in the North Sea: our country is decarbonising - whether ...

BP will abandon its pledge to reduce oil and gas output and announce at least one ... 2024 as it emerged that rival BHP had approached the UK-listed group about a takeover. Ultimately, Elliott ...