UK windfall tax could raise less than expected
The UK windfall tax could raise less than the expected £5bn and the investment loophole may even set back climate efforts.
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The UK windfall tax could raise less than the expected £5bn and the investment loophole may even set back climate efforts.
Petro Rio has agreed to acquire a 90% stake in the Albacora Leste field, offshore Brazil, for $2.2bn from Petrobras.
Russian state-owned energy company Gazprom has said that it is continuing to supply natural gas to European customers through Ukraine.
The news comes as no surprise to industry members, given OPEC’s consistent stance on remaining quiet on Russian sanctions and their effects.
Karoon Energy is in talks with Enauta Energia, a subsidiary of Enauta, to purchase a 50% stake in the Atlanta oil field, offshore Brazil.