UK HM Treasury has launched an open consultation on the long term oil and gas fiscal regime, Oil and Gas Fiscal Regime Review: Call for Evidence. The consultation closes at 11:59 pm on 11 September 2023. --- Introduction In the 2022 Autumn Statement, the Chancellor announced a review into the long-term fiscal regime for oil and gas to ensure the regime delivers predictability and certainty, supporting investment, jobs and the country's energy security. The current fiscal regime that applies to upstream oil and gas activity is outlined in detail in Chapter 3 and currently consists of three permanent elements and...