Major oil firm pulls out of North Sea with 500 jobs at risk in Scotland …C0NTINUE READING HERE >>>
A MAJOR oil firm today announced it is pulling out of the North Sea after the UK Government extended the controversial Windfall Tax.
Tory and SNP chiefs blasted Labour after it emerged US-based Apache – which employs nearly 500 workers in Scotland – said it would end its operations in 2029 as production beyond that point would be “uneconomic”.
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The move could risk 500 North Sea jobs in ScotlandCredit: Alamy
The firm blamed the impact of the Energy Profits Levy, which was hiked from 35 per…
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