Energy Profits Levy Archives - Global Energy Network

GENI Index 79 ▲ +3 Brent Crude $98.70 ▲ +0.08% WTI $85.15 ▼ -6.14% Natural Gas $2.87 ▼ -0.69% Global rig count 578 — Live tenders 4 this week M&A deals tracked 2 this week Jack-up utilisation 88% — Drillship utilisation 93% — Semisub utilisation 82% — OSV utilisation 91% — GENI Index 79 ▲ +3 Brent Crude $98.70 ▲ +0.08% WTI $85.15 ▼ -6.14% Natural Gas $2.87 ▼ -0.69% Global rig count 578 — Live tenders 4 this week M&A deals tracked 2 this week Jack-up utilisation 88% — Drillship utilisation 93% — Semisub utilisation 82% — OSV utilisation 91% —

Full dashboard ↗

Energy Profits Levy

Rachel Reeves' oil and gas windfall tax is blocking £17.5bn investment in North Sea, firms warn

Europe

3 months ago

Rachel Reeves’ oil and gas windfall tax is blocking £17.5bn investment in North Sea, firms warn

Rachel Reeves has been accused of blocking £17.5billion of investment in North Sea oil and gas after shelving proposals to…

Features

6 months ago

OGV Energy’s UK North Sea Oil & Gas Review

By Tsvetana Paraskova The UK’s budget that left the Energy Profits Levy (EPL) as-is and the wave of merger announcements…

Govts new Oil and Gas Price Mechanism finally matches its intent – why wait to introduce it

The Network

8 months ago

Govts new Oil and Gas Price Mechanism finally matches its intent – why wait to introduce it?

By Matthew Webb, Head of Economics, Xodus Group When the Energy Profits Levy (EPL) was first introduced in May 2022,…