Should loopholes for tax incentives be removed from the UK government’s windfall tax could generate around £22 billion in additional revenue, research from the New Economics Foundation (NEF) has found.
bp has recorded £7.1 billion ($8.2 billion) in Q3 profit as the oil and gas giant (O&G)benefits from elevated energy prices amid the ongoing European crisis.
Shell has reported record profits in Q2 2022, as its adjusted earnings hit £9.6 billion ($11.5 billion), up from its previous high of £7.6 billion ($9.1 billion) in Q1.
More floating wind projects have been offered option agreements through ScotWind Leasing than fixed, with almost £700 million in option fees to now be passed to the Scottish government.
Shell has replaced existing petrol and diesel pumps at its Fulham fuel station with ultra-fast chargers to open its first electric vehicle (EV) charging hub in the UK.