North Sea oil firm Neo slows investment amid windfall tax concerns

The Labour government said it would raise taxes on North Sea producers to fund the transition to green electricity generation.

2024-09-02  683  中等

Neo’s projects include the Buchan Horst oilfield, about 70 miles north-east of the Aberdeenshire coast in Scotland. The field had been due to start production by the end of 2027, with an estimated 162m barrels of oil equivalent.

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