'War windfall': North Sea oil and gas giants enjoy £73bn share value surge

James Murray
clock • 4 min read
'War windfall': North Sea oil and gas giants enjoy £73bn share value surge

Greenpeace analysis reveals how oil and gas companies are set to profit from spike in fossil fuel prices, as campaign urges government to maintain windfall tax

The five largest North Sea oil and gas companies have seen their valuations rise by £73bn since the start of the Iran War, as their share prices have climbed sharply alongside the spike in fossil fuel...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James Murray
Author spotlight

James Murray

View profile
More from James Murray

Global Briefing: South Korea unveils $750bn clean energy transition plan

'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows

More on Energy

'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows
Energy

'Decisive and widening': Battery storage undercutting gas peaking plants on cost, study shows

Wood Mackenzie calculates four-hour battery storage projects are now less expensive than open-cycle gas turbines in all major markets

James Murray
James Murray
clock 09 October 2026 • 5 min read
Report: UK has the potential to become a 'major' hub for low-carbon ammonia
Energy

Report: UK has the potential to become a 'major' hub for low-carbon ammonia

New roadmap positions low-carbon ammonia as a strategic national asset that can enable food security, decarbonisation, and regional revitalisation

Stuart Stone
Stuart Stone
clock 06 October 2026 • 4 min read
'Pivotal crossroads': Could a new generation of electric arc furnaces wean the UK off steel imports?
Energy

'Pivotal crossroads': Could a new generation of electric arc furnaces wean the UK off steel imports?

Scunthorpe and Port Talbot could lead a 'steel revival' enabled by electric arc furnaces and better use of British scrap metal -but time is running out to deliver green steel strategy, ECIU warns

Stuart Stone
Stuart Stone
clock 06 October 2026 • 6 min read