Petroleum fiscal and licensing month in brief: US slashes royalty in Gulf of Mexico
In our latest 'month in brief', we highlight the main Fiscal and Licensing stories that occurred in July and we provide our analysis and opinion on the developments. This issue highlights: Changes in fiscal terms: United States lowered royalty rate for shallow-water blocks in Gulf of Mexico, Alaska cancelled cash credits for small producers, Thailand allowed upstream operations be conducted under PSCs and service contracts. Ongoing fiscal discussions: Algeria is looking to enact a new hydrocarbons law. Indonesia plans to enact the exemption from indirect taxes on Gross Split PSCs. Licensing round highlights: rounds results in Mexico and the United Kingdom. Brazil, United States, Mexico and United Kingdom launch licensing rounds. Our Fiscal theme page is a dedicated landing point where you can access all our fiscal summaries, informs, insights, presentations and tools - subject to subscription. This can be accessed via the "Themes" menu at the top of every page on the Wood Mackenzie portal.