Fit for $50 is the new normal for global oil and gas companies. High cost structures, inefficient use of capital, and sloppy supply chains are coming under intense scrutiny in the oil and gas basins of the world.
I'm always curious about what is happening in other leading oil and gas centers to gain insight into how other parts of the world are reacting.
In this episode, I'm in conversatin with Julian Small who is Deloitte's Global head of Tax based in the UK, and is also the leader of Deloitte's Energy and Resources practice. In his past he was an executive team member of an oil company chasing opportunities in Australia.
Most shocking datapoint is the 80% tax rate the UK government levies on the oil and gas sector.
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