OEUK urges early North Sea tax reset, puts £70 billion value on investment revival
Offshore Energies UK is calling on Chancellor John Healey to replace the Energy Profits Levy with the new Oil and Gas Revenue Levy from January 2027, more than three years earlier than currently planned. The industry body estimates fiscal reform could unlock £50bn of additional capital investment, generate £70bn of economic value and support an […]
Clean hydrogen investment passes $130 billion, but demand remains uncertain
Cumulative committed investment in clean hydrogen has reached $130 billion across 579 projects, according to the Hydrogen Council. Those projects represent 6.9 million tonnes a year of production capacity, although only 1.7 million tonnes is operating today. The market is becoming more tangible, but binding offtake and implemented demand policy still lag the production pipeline. […]