Apache Suspends UK North Sea Drilling, Cuts Jobs Citing High Taxes
U.S. oil producer Apache Corp on Friday said it was suspending drilling in the North Sea and reducing its British workforce…
Source: oedigital.com
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UK: Apache suspends North Sea drilling, cuts jobs
U.S. oil producer Apache Corp on Friday said it was suspending drilling in the North Sea and reducing its British workforce because high taxes have made the operation less competitive, according to a Reuters report.
Source: energy-pedia.com
Apache suspends North Sea drilling, cuts jobs -company
HOUSTON, June 9 (Reuters) - U.S. oil producer Apache Corp on Friday said it was suspending drilling in the North Sea and reducing its British workforce because high taxes have made the operation less competitive. The unit of A... | 11:44am
Source: marketscreener.com
Apache suspends North Sea drilling, cuts jobs
US oil producer Apache Corp on Friday said it was suspending drilling in the North Sea and reducing its British workforce because high taxes have made the operation less competitive. The unit of APA Corp did not say how many workers would be cut as a result of the move. The UK last May imposed a windfall profit tax on oil and gas producers that was raised to 35% in November,
Source: deccanherald.com