Analysis of international oil and gas companies'strategies for responding to changes in the UK's oil and gas investment environment
The oil and gas investment environment in the UK has changed in recent years.At the national strategic level,the government is planning for a green industrial revolution to lead economic growth,and the radical transition goals and policies of the Labor Party will further compress the development space of the oil and gas industry.At the level of oil and gas resources,the North Sea Basin has entered into a recessionary stage,it is difficult to reverse the trend of decreasing production in the long term,and the oil and gas fields are generally facing the pressure of emission reduction and assets disposal.At the level of financial and tax policies,the tax levied on the energy profits of oil and gas producers has become an important source of fiscal revenue,and the tax has been increasing.In this regard,international oil companies have adopted different coping strategies.Large U.S.multinational oil companies have identified U.K.assets as non-core assets and exited in phases and by regions.Large European multinational oil companies are still holding onto their regional supply bases and dynamically upgrading their asset portfolios through mergers&acquisitions and divestitures,while Eni has replicated its"satellite"model in the UK.Independent oil companies backed by private equity firms have grown rapidly through M&A deals.It is recommended that Chinese companies should strengthen their forward-looking judgment on the investment environment and competitive landscape of resource countries,learn from the responsing strategies of international oil companies,safeguard their existing investment interests,and identify more investment opportunities.
UKinvestment environmentoil and gas companiestransitionmergers and acquisitions
国家科技期刊平台
NSTL
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