The Situation: The Department of Transportation & Public Facilities took money intended to be used for “relief” and responded by threatening a 10.5% interest penalty on late payments from struggling Alaska businesses —on top of already onerous lease increases. 18 months prior to the current public health emergency, Alaska companies asked the administration and DOT&PF to review the steep, and in our review some … read more
OIL Oil companies win some tax reliefViews and News from Norway, June 8, 2020 The leaders of Norway’s three largest opposition parties in Parliament finally struck a compromise with the government on Monday that offers some tax relief to oil companies on the Norwegian continental shelf, but not as much as they wanted. The goal is to preserve jobs, even … read more
News of the Day: Unemployment Dips as Economy Adds 2.5 Million Jobs in May, Defying Dire Predictions OIL OPEC + Set to Extend Oil Cuts as Meeting Called for WeekendJavier Blas & Grant Smith, Bloomberg, June 5, 2020 OPEC+ is set to extend production cuts to prop up the oil market after a breakthrough in high-stakes negotiations, with the alliance … read more
