North Sea decommissioning rush could leave Treasury £13bn out of pocket

The UK government faces a tax bill running into billions of pounds as North Sea oil and gas operators wind down production faster than anticipated, according to a former BP finance chief. Brian Gilvary, who served on BP’s board for eight years until 2020 and now chairs Ineos Energy, says steep windfall taxes and restrictions … Continue reading North Sea decommissioning rush could leave Treasury £13bn out of pocket