Serica Energy Share News (SQZ)
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Thu, 17th Nov 2022 11:48
LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said on Thursday the government would increase a windfall tax on oil and gas firms and extend it to power generation firms as he seeks to raise money to plug a hole in the public finances.
Hunt said the levy would be increased to 35% from its current rate of 25%. It would also apply to electricity generators with a levy of 45% being applied from Jan. 1. (Reporting by Kylie MacLellan and Elizabeth Piper)
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(Sharecast News) - UK North Sea-focussed upstream oil and gas company Serica Energy announced the start of production from the Rhum R3 well on Thursday.
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Read more(Sharecast News) - UK North Sea-focussed upstream oil and gas company Serica Energy updated the market on operations at the Rhum R3 well on Thursday, reporting that new completion equipment had been successfully installed, and a flow test performed.
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