ShippingWatch

Professor: Tax pressure pushed Total out of Norway

Total's plans to establish its regional headquarters in Denmark has provoked concerns in Norway. "What we now see is that the major companies are pulling out of Norway," says a professor of oil economics to Dagens Næringsliv.

Photo: Ritzau Scanpix/Claus Bonnerup.

Total's plans to locate its regional headquarters for Denmark, the Netherlands, and Norway in Copenhagen after its acquisition of Maersk Oil has prompted concern in Norway, where the French oil company is a major player.

According to Norwegian daily Dagens Næringsliv, Petter Osmundsen, a professor in petroleum economics, believes that the announcement is a reflection of the tax pressure which exists in Norway and which has led many large companies to focus more activity on Denmark and the UK.

Read the whole article

Get 14 days free access.
No credit card required.

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

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs