2.9K views | Oil firm Apache has announced it will end its North Sea production by the end of 2029, blaming the windfall tax. The US business said the recent budget announcement confirming changes to the Energy Profits Levy (EPL) would make production “uneconomic”. The windfall tax increased by 3% to 38% on November 1 and was extended for a further year until the end of March 2030. #news #oilandgas #energy #offshore | STV News | Facebook

4 comments | A major North Sea oil firm has confirmed it is set to axe 350 onshore jobs in Aberdeen, as a result of the windfall tax. https://i.stv.tv/3zCmy17 | STV News | Facebook

14K views · 155 reactions | The UK has announced new licences for oil and gas drilling in the North Sea as the government attempts to reassure the public following yesterday’s warning from the National Grid that there could be scheduled blackouts. Amelia Jenne reports. | Channel 4 News | Facebook