Oil industry: Tax law threatens projects for USD 13.2 billion

New planned production wells worth a total USD 13.2 billion are currently endangered in the Norwegian part of the North Sea, says the industry, where the increased taxes from 2013 are back on the agenda.

Photo: Harald Pettersen - Statoil

The government in Oslo is looking into whether some of the oil industry's projects can be temporarily exempted from the new tax rules introduced in 2013, which tightened the oil industry's favorable rules in terms of writing off investments.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs