MARKETS

UK-based oil and gas companies to pay out $3 bn to satisfy new windfall tax

The new controversial windfall tax on profits of oil and gas companies in the UK is expected to cost medium-sized North Sea-focused companies a total of $3.3 billion through 2025, according to investment bank Jefferies.

Tim Daiss
UK-based oil and gas companies to pay out $3 bn to satisfy new windfall tax

The UK government last week announced a 25% Energy Profits Levy, commonly referred to as a "windfall tax," as part of a package to ease the cost-of-living crisis for Britons stemming from huge rises in...

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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.

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