Denmark's largest oil company, Maersk Oil, is not the only player looking to pay less tax on its earnings from Danish North Sea oil. Tuesday, Danish newspaper Børsen reports that oil industry subcontractors are also calling for political change to secure the future of their business.
CEO of Danoil, Svend Lykkemark Christensen, believes that the Danish oil and gas industry will shut down if a renegotiation of taxation and depreciation rules does not fall in the favor of the oil companies. Besides redrafting tax legislation, politicians need to find a solution for Maersk's sinking and soon-to-be defunct Tyra platform, which is a hub for the Danish offshore oil and gas production. Otherwise, the future looks bleak for the sector, he says:
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from EnergyWatch
A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.