The UK Government plans to award licences for North Sea oil and gas projects annually, with a focus on meeting net zero targets, while Greenpeace opposes these licences as “backward-facing”

Ithaca Energy, a North Sea oil and gas producer, is reducing UK production due to an unforeseen impact of the windfall tax

Major financial institutions, including Barclays, Lloyds, NatWest have reportedly been invited by the Treasury for discussions aimed at revitalising investments in North Sea oil and gas ventures