Britain’s oil and gas industry faces an uncertain future

Small operators in the North Sea are struggling with a tax squeeze


  • by
  • 08 15, 2024
  • in Britain

The oil and gas industry is a volatile business. Swings in energy prices and the precarious nature of drilling into seabeds are part and parcel of the trade, says David Latin, chairman of Serica Energy, a producer in the North Sea. He once ran oil and gas fields threatened with blockades and militant attacks during a civil war in Libya. He likens the experience to operating in Britain, where a tumultuous tax regime has made it “impossible” to invest.

  • Source Britain’s oil and gas industry faces an uncertain future
  • you may also like

    • by SNAKE PASS, DERBYSHIRE
    • 01 27, 2025
    Why Britain has fallen behind on road safety