Projects progress on Norwegian tax postponements

Oslo’s stimulus package reaps immediate rewards

Norway’s decision to introduce time-limited changes to its tax regime—the stability of which it usually champions—has already resurrected one project mere weeks after postponement and brought resolution to one of the largest development sagas on the Norwegian continental shelf (NCS). And there could be more to come. “To encourage activity and safeguard jobs in this difficult situation, we are proposing some temporary amendments. In practice, these will mean that tax bills are postponed and companies’ liquidity is improved. This will enable oil and gas companies to make more investments,” the country’s minister of finance, Jan Tore Sanner, said when the government unveiled proposals at the en