Posted on June 8, 2023
Company Spotlight, Crude Oil, Executive Spotlight, Gulf Coast, International, Joint Ventures, Mergers & Acquisitions, Natural Gas, Offshore

Let’s say you’re the UK’s largest oil and gas producer recording 208 MBOED in global volumes of which 90% is from the North Sea. Last year you posted $2.4 billion in profits. But along came a new windfall tax and, suddenly, that $2.4 billion in profits just became $8 million. ...

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