Oil

Aberdeen & Grampian Chamber of Commerce has urged the UK government to scrap the Energy Profits Levy (EPL) after official figures revealed a dramatic slump in revenues from North Sea oil and gas.

Senior representatives from Aberdeen & Grampian Chamber of Commerce have met with HM Treasury in London to renew calls for the abolition of the Energy Profits Levy (EPL).

US energy giant Chevron has confirmed it will close its Aberdeen office, bringing its 55-year history in the city to an end.

Jorma Ollila Oil and gas giant Royal Dutch Shell has agreed a takeover of oil and gas exploration company BG Group in a deal which values the business at £47bn.