Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
The latest UK oil and gas exploration round attracted 115 bids with the licenses likely to be awarded from the second quarter, despite the increase the country’s windfall taxes on North Sea producers, the North Sea Transition Authority (NSTA) said.
- This was higher than in the previous licensing round held in 2016, when 104 bids were received.
- North Sea oil and gas investment became recently under pressure after the UK’s decision to raise the windfall tax on North Sea producers to 35% from 25% previously.
- Harbour Energy decided to pass on a licensing bid amid the increase in the tax. Other producers such as TotalEnergies announced to cut investments in oil and gas projects in the North Sea by 25% this year.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok