Norway drilling pays off
Neptune targets four projects under Norway’s enhanced tax regime
The London-headquartered producer hopes to fast-track FIDs to hit the 2022 deadline for relief
Neptune Energy plans to take FID on its Norwegian Dugong oil discovery in 2022 in order to file a plan for development and operation (PDO) ahead of the expiry of temporary changes in the Norwegian tax regime at the end of next year. But Dugong is just one of four discoveries at which the firm is evaluating accelerated development to try to benefit before the loophole closes. In mid-2020, the Norwegian parliament approved changes to the country’s petroleum tax regime providing accelerated recovery for investments and tax refunds for 2020 and 2021 spending. But the legislation also applies to new projects submitted for PDO before the end of 2022. Neptune is looking to see if its Echi
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
