ENB Briefs: US energy royalty hike, Exxon restructure, CNOOC Uganda

IN TODAY’S ENB Briefs: Biden admin is to rise oil and gas lease royalty rate to 18.75%, ExxonMobil flags a company-wide restructure merging refining and chemicals, CNOOC and Total to move on Uganda oil, and more

File photo: CNOOC offshore asset

02 February 2022
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US hiking onshore royalty rates for oil and gas drillers

The US is to raise royalty rates on oil and gas leases from 12.5% to 18.75%.

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