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Oil firm Apache has announced it will end its North Sea production by the end of 2029, blaming the windfall tax. The US business said the recent budget announcement confirming changes to the Energy Profits Levy (EPL) would make production “uneconomic”. The windfall tax increased by 3% to 38% on November 1 and was extended for a further year until the end of March 2030. #news #oilandgas #energy #offshore | STV News
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Oil firm Apache has announced it will end its North Sea production …
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