4 May 2020
The Norwegian Government has announced a proposed package of measures to support the oil and gas industry and the supply industry, which have been severely affected by the COVID-19 pandemic and the restrictive infection control measures that have been introduced both in Norway and in the rest of the world. The main points of proposed temporary amendments to petroleum taxation are summarized in the announcement as follows:
The Government will also present a green restructuring package for business and industry towards the end of May. These measures are intended both to support the oil and gas industry and to help the supply industry to continue its green transformation. The package will include more funding for research, development, and innovation.
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