U.S. Apache to Exit UK North Sea Due To Windfall Tax ...Middle East

OILPRICE - Economy

U.S. oil producer Apache plans to cease oil production at its assets in the UK North Sea by 2030, due to the windfall tax on operators. Apache’s parent company APA Corporation said in an SEC filing that its assessment of the impact of the windfall tax, officially known as the Energy Profits Levy (EPL), resulted in findings that continued production in the UK North Sea would be uneconomical. The Labour’s Autumn Statement confirmed last week that the windfall tax on UK North Sea operators is rising to 38% from…

Read More Details
Finally We wish PressBee provided you with enough information of ( U.S. Apache to Exit UK North Sea Due To Windfall Tax )

Also on site :

Europe’s Pharma Industry Braces for Pain as Trump Tariff Threat Looms
Impulsive spending and sleepless nights fuel financial anxiety in UK
Amazon, Apple, Meta, Microsoft, Berkshire Hathaway, and Coca-Cola: Stocks to watch this week

U.S. Apache to Exit UK North Sea Due To Windfall Tax ...Middle East

Trump’s Tariffs Prompt Wave of Lawsuits

Amazon, Apple, Meta, Microsoft, Berkshire Hathaway, and Coca-Cola: Stocks to watch this week

Impulsive spending and sleepless nights fuel financial anxiety in UK

Europe’s Pharma Industry Braces for Pain as Trump Tariff Threat Looms

Renewables Emerge as Key to Meet AI-Driven Energy Demand

UK Looks To Woo Investors Impacted by Trump Tariffs

Russian Soft-Power Faces Pushback in Central Asia

U.S.-Iran Nuclear Talks Enter Technical Phase

Trinidad and Tobago Expands Offshore Oil and Gas Bidding

Americans are getting flashbacks to 2008 as tariffs stoke recession fears

Syntech Joins the Made for Meta Program to Elevate XR Accessories

Being nice to ChatGPT, breaking up Google, and the new space race: Tech news roundup

California’s economy overtakes Japan

Presidents have long criticized the Fed. It usually backfires.

The 10 states in America where auto loan delinquency is rising the most