Capricorn Energy plc reported a total $4,339,000 payments during 2022 to governments for its oil and gas assets. The company paid $2,503,000 to Mexico; £264,000 to the UK; £1,515,000 to Mauritania; and $57,000 to Israel. Payments are for licence fees and also include £4,000 taxes in the UK.
Tag: Mexico
Harbour on course to cut 350 UK positions
Harbour Energy plc today said it had started to review its activities in the United Kingdom and is on course to cut some 350 onshore jobs. TAX The review, due to complete during H2 2023, is forecast to save the company $50 million annually from 2024. In its Q1 2023 unaudited trading and operations report, […]
Harbour to cut UK investment and jobs
Harbour Energy plc said that increased UK tax rates on oil and gas had prompted it to reduce its future activity and investment in the country, including job cuts, and plan more international growth. EXPENDITURE In the company’s unaudited trading and operations report for the year ended 31 December 2022, chief executive Linda Cook added […]