Ocean Energy Resources

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Ineos halts UK investment over North Sea tax

General – Unstable Fiscal Regime

Sir Jim Ratcliffe’s Ineos Energy has halted all new investment in the UK and will divert spending to the United States, citing Britain’s ‘unstable fiscal regime’ and high energy prices.

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UK likely to unlock £10 billion worth of North Sea oil & gas

Fossil Energy – Policy

Given the rising focus on energy security, Wood Mackenzie, an energy intelligence group, has pointed out that the United Kingdom (UK) could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.

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