EnQuest reports $30.3M first-half profit amid criticism of UK's Energy Profits Levy increase.
EnQuest, a North Sea oil and gas firm, has reported a $30.3 million profit for the first half of 2024, rebounding from losses in the previous two years. Despite this, CEO Amjad Bseisu criticized the UK's Energy Profits Levy (EPL), which will increase to 38% in November, arguing it harms the industry and discourages investment. He called for a more progressive tax regime to enhance the UK's competitiveness in the energy sector.
September 05, 2024
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