Harbour Energy to Cut 100 UK Jobs After Windfall Tax Retained

Harbour Energy Plc, one of the largest independent oil and gas firms in the UK, expects to cut another 100 jobs after the government decided to keep a windfall tax on North Sea producers.

The Labour government last week said it plans to retain the Energy Profits Levy — introduced by the previous Conservative administration in 2022 — until March 2030. That was blow to oil and gas producers, which had been pushing for faster change to the tax to unlock investments, boost production and keep jobs.