Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Scottish call to UK government
Scotland’s Deputy First Minister has written to the UK Chancellor, calling for the UK government to immediately consider options to reduce the headline rate of tax for the oil and gas industry as part of a package of measures to support the sector. John Swinney warned that there was a risk the low oil price could lead to the premature decommissioning of North Sea assets and further job losses, as he called for the creation of an internationally competitive tax regime for the North Sea. He is also calling for the removal of fiscal barriers for exploration and enhanced oil recovery; fiscal reforms to improve access to decommissioning tax relief and encourage late life asset transfers; and additional non-fiscal support, such as government loan guarantees, to sustain investment in the sector.
News Item details
Journal title: Petroleum Review
Subjects: Energy consumption, Carbon capture, transportation and storage, Oil and gas
