Tax

  • Mozambique to Receive $350m in Taxes from Eni

    Mozambique to Receive $350m in Taxes from Eni

    Wednesday, 22nd March 2017
    Mozambique will gain $350m in capital taxes from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to ExxonMobil Corporation.
  • UK Tax From North Sea Turns Negative for First Time

    UK Tax From North Sea Turns Negative for First Time

    Monday, 30th May 2016
    The United Kingdom’s net revenues from taxes levied on oil and gas companies operating on or near the North Sea turned negative for the first time since records began in 1968.
  • UK Announces Tax Relief for North Sea Oil&Gas Industry

    UK Announces Tax Relief for North Sea Oil&Gas Industry

    Thursday, 17th March 2016
    UK Chancellor George Osborne has offered further tax relief for Britain’s oil and gas industry. The tax changes are expected to save the industry around $1.4b in the five financial years from 2016/2017 to 2020/2021.