Friday Mar 25, 2022
Cambo, Jackdaw back in vogue, windfall relief and LNG demand
Just when you thought you could hear the death knell... Jackdaw and Cambo are back in vogue this week, along with high impact exploration in the North Sea, courtesy of Shell.
The Chancellor's mini budget had no reference to any windfall tax (perhaps unsurprisingly given ministers *repeatedly* saying it's a bad call while visiting Aberdeen in the last week).
And Germany is rushing to get LNG up and running as it seeks to rapidly wean itself off Russian supply. LNG will likely be there to support it, but what of the price?
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