• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 58 mins WTI @ $75.75, headed for $64 - 67
  • 6 hours The Dirt on Clean Electric Cars
  • 3 hours Petrol versus EV
  • 47 mins EU to Splash Billions on Battery Factories
  • 10 hours These are the world’s most competitive economies: US No. 1
  • 9 hours The end of "King Coal" in the Wales
  • 17 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 1 day Uber IPO Proposals Value Company at $120 Billion
  • 19 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 18 hours Coal remains a major source of power in Europe.
  • 8 hours E-mopeds
  • 5 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 8 hours 10 Incredible Facts about U.S. LNG
Alt Text

Germany’s Unstoppable Renewable Revolution

Even with policy reversals and…

Alt Text

EU Could Switch To Euros In Oil Trade With Iran

The European Union (EU) is…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

POLAND: Shale Tax Policy Delay, Little Appeasement for Investors

Bottom Line: Shale gas explorers in Poland get a bit of a boost (but not enough) as the government prepares to postpone shale gas production tax collection for five years after it comes into force.

Analysis: Poland’s new law on hydrocarbon taxes comes into force in 2015, but the government - very wary of more explorers abandoning its prospects—is planning to postpone this for five years, meaning that taxes would not be collected until 2020. Not too long ago, Poland was heralded as Europe’s best shale gas prospect, but drilling has been slow and somewhat disappointing so far. Over 100 permits have been awarded but the country is still far from proving that it has enough shale to become gas dependent and loosen Russia’s grip. A total of 39 wells are planned for this year—only 2 of which have been drilled so far. Marathon Oil Corp. (MRO) is seeking to divest its 11 licenses in Poland and Canadian-based Talisman Energy Inc (TLM) pulled out in April. Exxon Mobil Corp (XOM) has also pulled out, while Chevron Corp (CVX) is staying, for now. 

Recommendation: Poland’s shale gas production tax delay is not law yet, but is likely to be pushed through. However, this is not the elixir for exploration as the new hydrocarbon law overall is not attractive to investors, raising the government’s stake to a whopping 80% of production profits. There are other aspects of the hydrocarbons law that will also quash investment and…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News