Category: OEUK
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UK signals readiness for oil & gas tax shift with £50 billion energy investment in play
UK signals readiness for oil & gas tax shift with £50 billion energy investment in play Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has taken steps to engage in talks with the UK government to strike a deal and unlock multibillion-dollar energy industry investment boost by replacing the energy profits levy…
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Survey results spotlight need for oil & gas windfall tax reform, OUEK says
Survey results spotlight need for oil & gas windfall tax reform, OUEK says Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has disclosed the results of its survey, which indicate that the Energy Profits Levy (EPL) needs to be tweaked from next year to unlock investments in the offshore energy arena. The…
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Drop in UK oil & gas players’ profits prompts calls for tax changes to amplify investments
Drop in UK oil & gas players’ profits prompts calls for tax changes to amplify investments Offshore Energies UK (OEUK), has urged the government to take action on the energy profits levy (EPL), known as the windfall tax on oil and gas profits, by next year to put all ingredients in place to secure jobs, energy…
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‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put
‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty…
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UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033
UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033 Offshore Energies UK (OEUK) has outlined in its new report that decommissioning work could account for 22% of the cumulative oil and gas spend over the next ten years. The post UK’s offshore oil & gas decom bill to hit £24.6 billion…