The company insisted this was not connected to Britain’s tax regime. It came a day after Mr Hunt rejected calls for respite from a windfall levy that has driven up the tax on oil profits to 75pc.

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The agreement was finalized after the cabinet agreed to extend its production sharing deal with the company by five years from November 2005. US-based Hunt Oil is a privately held exploration ...

Jeremy Hunt made the windfall tax announcement in his Budget on Wednesday The chancellor has said that the Scottish oil and gas industry is the loser in his budget after he extended the windfall ...

Foreign Secretary Jeremy Hunt has said the Iranian tanker detained by Royal Marines near Gibraltar could be released, if the UK is guaranteed the oil is not bound for Syria. The tanker ...