UK Gov't 'Fleshing out details' on North Sea Oil & Gas Windfall Tax

Published

The British government is still "fleshing out details" of a special tax on North Sea oil and gas producers announced last month, energy minister Kwasi Kwarteng told a conference on Thursday.

Finance minister Rishi Sunak is due to meet with executives of the oil and gas sector on Thursday to discuss the levy, which Harbour, the country's biggest oil and gas producer, has said will hurt investment.  

A public consultation on the bill runs until June 28, according to a government website.

(Reuters - Reporting by Shadia Nasralla; editing by John Stonestreet)


Current News

CRP Subsea Secures Cable Protection Contract for Offshore Wind

CRP Subsea Secures Cable Prote

Nordic Investors to EU: Nix Notion of Arctic Drilling

Nordic Investors to EU: Nix No

Export Curbs Should not Harm Australia's Biggest LNG-producing State

Export Curbs Should not Harm A

NOPSEMA Releases Australia’s Offshore Energy Industry Performance Report

NOPSEMA Releases Australia’s O

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine