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Posts on ‘April 8th, 2020’

Shell nets $110m North Sea tax refunds

8 April 2020

ROYAL Dutch Shell received around $110 million (£87m) more back from the UK Government in respect of its oil and gas exploration and production activity than it paid in taxes last year, the company has revealed.

In a report on the payments it made to governments in 2019 the oil giant disclosed that it received tax rebates in respect of its UK North Sea business totalling $116 million. These dwarfed the $6.5m that the company paid in fees.

The report highlights the value of the tax relief provided to firms in respect of the costs of decommissioning North Sea facilities. read more and its sister non-profit websites,,,,,, and are owned by John Donovan. There is also a Wikipedia feature.