Latest news
Germany plans 33% windfall tax on gas, coal and oil firms
The German government plans to introduce a special levy to skim off 33% of windfall profits made by oil, coal and gas companies, which could generate revenue of between one and three billion euros, finance ministry sources told Reuters.
read more... 24/11/2022
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“Disgraceful” wind power tax to lift Norway prices
Investment firm Prime Capital has slammed Norway’s plans to introduce a retroactive ground rent tax for wind power which it says will deter investment in renewables and lead to higher electricity prices.
read more... 24/11/2022
Daily (23.11.2022): Oil prices rose on Tuesday due to weak demand from China
Oil prices were bullish on Tuesday, amid weak demand from China – the world’s second biggest crude consumer, as coronavirus cases continue to rise. Consequently, Brent crude traded 1% higher at $88.36 a barrel, and WTI oil rose by 1.1% to $80.95 a barrel.
read more... 23/11/2022
UK oil and gas sector faces $24 bln bill to plug old wells
British North Sea oil and gas producers will spend around 20 billion pounds ($24 billion) on dismantling over 2,000 unused wells and facilities in the ageing basin over the next decade, an industry group said on Tuesday.
read more... 23/11/2022
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Equinor and partners to invest $1.44 bln in Arctic gas field
Norway's Equinor and its partners on Tuesday said they would invest 14.8 billion Norwegian crowns ($1.44 billion) in developing the Irpa gas discovery in the Norwegian Sea.
read more... 23/11/2022