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OEUK's CEO says the group remains 'deeply concerned about what Labour's proposals could do'.

'The industry is being taxed on windfall profits which no longer exist', OEUK said.

The UK's oil and gas industry will pay $9.6 billion (GBP 7.8 billion) in taxes this year.

Industry body Offshore Energies UK surveyed Westminster MPs.

OEUK's latest move comes as the UK government published its draft legislation for the Energy (Oil and Gas) Profits Levy Bill.

Offshore Energies UK will host the Offshore Decommissioning Conference next month, supported by principal sponsor TAQA.

Industry body Offshore Energies UK issues a warning for the UK oil and gas sector.

Violent clashes in Baghdad have yet to hit Iraq's oil production, an official said.

With six offshore CCS projects in development or planning phases, operators look to breathe new life into the US Gulf of Mexico.

Second-quarter earnings calls from the biggest offshore drillers over the past week revealed little enthusiasm to build costly new rigs that take years to roll out.