US-based Apache Corporation announced it will cease operations in the North Sea by the end of 2029, attributing the decision to the newly increased windfall tax on oil and gas profits. The company’s operations have been affected by the Energy…

Apache Corporation, a US-based oil firm, announced it will cease operations in the North Sea by the end of 2029, citing the increased windfall tax as the primary reason for the decision. The company criticized the recent Budget adjustments, which…