It was not a bluff. When Centrica warned a month ago that it might choose to leave one of Britain’s biggest gas fields off-line because of the higher taxes levied on UK energy companies, some thought this was an empty threat.
However, South Morecambe gas field has become available after a period of routine maintenance – and Centrica chose to leave it dormant on Wednesday morning. Read more
Oil and gas operators in the North Sea have ramped up their lobbying efforts to persuade the government to reverse, or at least dilute, its tax hike on those companies to pay for the cut in fuel duty. Read more
The tension between oil companies and George Osborne surrounding North Sea oil taxes has erupted into war. Read more
In this week’s readers’ Q&A session, Peter Voser, the chief executive of Shell, answers your questions. Read more