Consumer energy bills in the UK are set to rise to £3,800/yr by the end of winter
UK gas producers need to read the room
The reality of price rises facing consumers means the dialogue has shifted
It is entirely understandable that E&P firms that had stuck with the UK continental shelf (UKCS) through what had been a relatively fallow period since 2014 were frustrated by the announcement of the country’s Energy Profits Levy (EPL), particularly coming just mere weeks after a new energy security strategy had emphasised a key role for more domestic production. In particular, Petroleum Economist feels and understands the palpable sense of unfairness among those that committed capital in more challenging periods that these investments made prior to the EPL cannot be offset against the new tax. But the industry needs to look at NBP prices for this winter trading at 550-750p/th, at predic
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
