UK's Harbour Energy To Slash 250 Jobs ...Middle East

Harbour Energy has slammed the government’s “punitive fiscal position” as it announced plans to cut 250 jobs in Aberdeen. The London-listed company, which is the largest oil and gas producer in the North Sea, blamed the Energy Profits Levy and a challenging regulatory environment for the decision. It also noted delays in the ramp-up of carbon capture projects in the UK. The Energy Profits Levy, also known as the windfall tax, was first introduced in 2022 under Boris Johnson’s government and imposed a 75 per cent tax on oil…

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