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Crude Oil News

UK oil and gas firms warn of investment risks from windfall tax

August 23, 2024 Mariel Alumit

Firms across the UK’s oil and gas supply chain have raised concerns about the government’s plans to increase windfall taxes and remove investment incentives. In an open letter to HM Treasury, 42 companies warned that […]

Energy Crisis

Germany Prepares Massive Windfall Green Energy

November 27, 2022 Mariel Alumit

According  to a new report in Bloomberg, Germany is preparing to impose a windfall tax of 90% on some clean power generators, as they seek to fund a new consumer aid package. Under the draft […]

UK offshore oil and gas steep tax increases
ENB Pub Note

UK offshore oil and gas, renewable energy groups react to steep tax increases – Should the U.S. pay attention?

November 19, 2022 Mariel Alumit

ENB Pub Note: This will slow down the entire economy rather than solve the problem.  LONDON – Britain’s North Sea oil and gas and offshore wind sectors will have to pay higher taxes on profits, under […]

International News

Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’

May 28, 2022 Stu Turley

Shell has slammed the government’s windfall tax, saying while it “understands the worry for million” about the cost of living it will creates “uncertainty” about investment. This follows Chancellor Rishi Sunak announcing a so-called Energy […]

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