Daily Standup Top Stories High Energy Costs Push UK Industry to the Brink September 1, 2025 Clark Savage This week saw yet another hike in Britain’s electricity price cap—the latest in a string of hikes that […]
In the pursuit of a net-zero future, the United Kingdom has embarked on a path that reeks of hypocrisy: aggressively taxing its oil and gas sector while simultaneously relying on it to prop up the […]
CNOOC The government of the UK has decided to extend the windfall tax on oil and gas firms by an additional year putting 42,000 jobs in jeopardy. The 35% surcharge on profits due to high […]
Via OilPrice.com, The UK government’s latest energy announcements include pledges for carbon capture and storage and the release of more oil and gas licenses in the North Sea, but they do not signal a reversal […]
Home Fossil Energy Westwood: UK’s windfall tax puts oil & gas investments at risk, with domino effect on North Sea rig demand After the UK made changes to the UK Energy Profits Levy (EPL), increasing […]
RIYADH — The Energy Supplies Law, approved by the Saudi Council of Ministers on Tuesday, is expected to have several advantages that contribute to improving the efficiency of energy supply and promote a low-carbon circular […]
The Government of Romania introduced a 60% tax on excess profits for companies active in the areas of oil, gas and coal. The threshold is at 20% above net earnings above the average for the […]
Sanctions and windfall profits taxes do not work. The consumers always pay for it, and as Stu says, “The consumers always get it in the drive-through. Storm knocking out the texas refineries won’t impact prices […]
The Czech Republic is the latest country to levy windfall taxes on energy companies to scrape together funds to continue subsidizing high energy costs, Bloomberg reported on Friday. Czech lawmakers approved Finance Minister Zbynek Stanjura’s […]
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