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Examples
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Mr. Tholen said the industry also warned that the tax increase could run contrary to one of the central aims of Mr. Osborne's budget last week—to boost the U.K. high-tech manufacturing and export sectors.
U.K., Oil Producers to Discuss Tax Increase James Herron 2011
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Industry body Oil & Gas U.K.'s economics director, Mike Tholen, welcomed the move, saying, "It reflects the major's commitment to the U.K. and demonstrates the significant remaining potential of the U.K. Continental Shelf."
BP to Invest Billions in North Sea Alexis Flynn 2011
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Oil and Gas U.K.'s Economics Director Mike Tholen , who was present at Thursday's meeting, said a big part of the discussion focused on the loss of trust between the industry and the government after the surprise announcement last week.
U.K., Oil Producers to Discuss Tax Increase James Herron 2011
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Mike Tholen, the group's economics director, said: "We cannot ignore the continuing impact of the budget, which damaged investor confidence in this mature and expensive province and reduced the attractiveness of many projects which will struggle to gain investment approval without additional measures to mitigate the impact of the tax increase."
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Mike Tholen , Oil & Gas U.K.'s economics director, said: "The reaction of companies like Statoil in reappraising their investments is wholly expected following the sudden and therefore destabilizing tax increase announced in last week's budget, which results in producers paying between 62% and 81% tax on U.K. oil and gas production."
Statoil Postpones U.K. Oil Investment After Tax Hike Katarina Gustafsson 2011
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"Companies have a changed perception of the U.K. because of the way the change was announced," and because, as recently as last summer, Mr. Osborne assured the industry that the tax regime wouldn't change, Mr. Tholen said.
U.K., Oil Producers to Discuss Tax Increase James Herron 2011
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Mr. Tholen said the body would next month attempt to quantify the effects of the tax change on its members' exploration, investment and production plans.
Statoil Postpones U.K. Oil Investment After Tax Hike Katarina Gustafsson 2011
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As someone brought up in the Fens I am also reminded of the very great impact that people from the Low Countries had upon the landscape, amongst them Sir Cornelius Vermuyden (1595-1683) who was born at Tholen in The Netherlands.
Flemish Musings 2007
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As someone brought up in the Fens I am also reminded of the very great impact that people from the Low Countries had upon the landscape, amongst them Sir Cornelius Vermuyden (1595-1683) who was born at Tholen in The Netherlands.
Archive 2007-09-23 2007
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"It takes time for materials to warm up and cool off, which is why the hottest part of the day on Earth is usually around 2 or 3 p.m. rather than local noon, when sunlight is the most intense," Tholen said.
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