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Year Three: How the UK’s Windfall Tax Continues to Harm North Sea Energy Production
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UK Windfall Profits Tax

  • Joe Barone, Shale Directories
  • Blog
  • May 30, 2025

Year Three: How the UK’s Windfall Tax Continues to Harm North Sea Energy Production

On the third anniversary of the implementation of the UK’s windfall tax, formerly known as the Energy Profits Levy (EPL), Energy in Depth examines the mounting challenges faced by the North Sea oil and gas sector as the tax burden continues to rise. 
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  • Joe Barone, Shale Directories
  • Blog
  • November 1, 2024

United Kingdom’s Autumn Budget Brings Further Pain for the North Sea Oil and Gas Sector

On Wednesday, the Chancellor of the Exchequer of the United Kingdom, Rachel Reeves, delivered the Labour party’s first Budget since taking office, laying out her plans to “rebuild Britain” and “make every part of the country better off”.
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  • Joe Barone, Shale Directories
  • Blog
  • October 2, 2024

The Labour Government’s Windfall Tax Continues to Damage the UK’s Economic and Social Prospects

This July, the new UK Labour Government came into office promising to ‘take the brakes off Britain’ and unlock a new era of economic prosperity.  
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  • Joe Barone, Shale Directories
  • Blog
  • August 28, 2024

UK Windfall Tax Increase Continues to Drive Away North Sea Investment

Last month, the UK’s Labour government delivered its pre-election pledge to lift the windfall tax (formally known as the Energy Profits Levy) on oil and gas companies operating in the North Sea by three percent – with the total tax now reaching 78 percent.  
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  • Joe Barone, Shale Directories
  • Blog
  • July 18, 2024

Oil and Gas Industry’s Message to New UK Labour Government: Safeguard our Energy Security, Jobs, and Economy

On July 5, the U.K.’s Labour Party secured a landslide victory in the General Election, winning 412 seats out of 650, and marking a significant shift in the U.K.’s
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  • Joe Barone, Shale Directories
  • Blog
  • May 23, 2024

After Two Years It’s Clear, UK’s Windfall Tax Harms North Sea Oil, Natural Gas Investment

Ahead of the two-year anniversary of the implementation of the United Kingdom’s windfall tax, Energy in Depth examines its continued negative impact on the North Sea oil and gas sector.  
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