EUROPE

Decom costs will swamp tax revenue: report

UK TAXPAYERS have benefited from decades of North Sea oil and gas revenues but it won’t last much longer as Wood Mackenzie estimates a £53 billion ($A86 billion) decommissioning bill will wipe out tax revenues.

Decom costs will swamp tax revenue: report

    The firm said tax relief on scrapping platforms and pipelines and the associated clean-up will wipe out the government's expected future income from the North Sea, particularly in Scottish waters,...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry