OIL Cost challenges in a US$20/bbl world:  A new approach is needed to ensure supply sector resilience Wood Mackenzie, May 5, 2020 How will US$20/bbl affect the oil and gas supply chain? It’s going to get tough, very tough. The service sector is already on the ropes but will be first port of call when operators look to save money. … read more

OIL Norway Eases Oil and Gas Tax Requirements The Maritime Executive, May 2, 2020 The Government is proposing temporary amendments to the petroleum tax system that, in practice, will mean that tax bills are postponed. Oil and gas companies will be allowed to deduct investments, including uplift, from the special tax base immediately. Uplift will be reduced from 5.2 percent … read more

Friday Fact Check:  In a recent interview with the National Journal, US Senate candidate Dr. Al Gross made statements that suggest  he  a ) doesn’t understand the economics of the  oil & gas industry in Alaska, b) doesn’t care about the economics of the oil & gas  industry in Alaska or c) will say anything to anybody in order to … read more