‘Bloated’ Harbour Energy job cuts: Could other North Sea firms follow suit?
John Corr, head of North Sea for analyst firm Welligence, said: “In most countries globally tax regimes are usually linked to commodity prices, with the…
Read MoreOnly six big-spend projects for UK North Sea in coming years
Jon Corr, head of North Sea at Welligence was discussing large-scale independent Harbour Energy, saying: “If you don’t have equity in these, when you’re of…
Read MoreHarbour Energy projected for $5.5bn windfall tax payments by analyst
Harbour Energy, the North Sea’s largest producer, is one of the strongest opponents to the windfall tax, and analysis from Welligence has shed further light…
Read MoreWelligence: recovering from the ‘Covid low’ and dealing with EPL
The UK North Sea saw little bounce back in activity following the 2020-21 ‘Covid low’, with only the M&A space staying buoyant. New project approvals,…
Read MoreWelligence UK | The EPL increase – the UK Treasury takes another bite out of the North Sea
On 17 November, the UK Chancellor of the Exchequer announced an increase to the Energy Profits Levy (EPL), a windfall tax charged to oil and…
Read MoreNorth Sea industry warns on tax hikes amid uncertainty over aging basin
But while the government has billed tax relief for investment as supporting the sector, the reality is the UK lacks attractive big-ticket projects awaiting the…
Read MoreWelligence North Sea | Norway’s latest tax change – a win-win for all stakeholders?
The Norwegian parliament passed a revised upstream petroleum tax in June 2022 that will be effective from 1 January 2022. The proposed changes to the…
Read MoreWelligence Brazil Energy Transition | Brazil passes offshore green energy regulation, what does it mean?
Brazil has become a global hotspot for offshore wind. Interest in the country’s maritime space as a source of renewable energy has exploded over the…
Read MoreWelligence US GoM Fiscal & Policy | What does the Inflation Reduction Act of 2022 mean for the US Gulf of Mexico?
After a partisan effort by Democrats that saw the Inflation Reduction Act of 2022 (IRA) narrowly squeeze through Congress, President Joe Biden signed it into…
Read MoreColombia’s new president – will Petro’s bark be worse than his bite?
Petro, who assumes office on August 7, has been a longtime critic of the country’s extractive industries and has made comments and set a policy…
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