51�Թ�

Harbour Energy has been a vocal critic of the Energy Profits Levy, known as the windfall tax, introduced by the Conservative UK government in 2022 and extended after Labour came to power last year.

In March, the UK government launched a consultation on plans to replace the windfall tax on the profits of energy companies when it comes to an end in 2030.

The UK government has launched a consultation on plans to replace the windfall tax on the profits of energy companies when it comes to an end in 2030.

A US oil firm has said it will end all its operations in the North Sea by the end of 2029, blaming the impact of the windfall tax.

Apache said recent confirmation in the Budget that the windfall tax on oil and gas firm profits would rise and be extended to 2030 had made production uneconomic.