The energy transition will take centre stage in 2020, having a profound impact on the global upstream investment environment. What does the changing sentiment towards fossil fuels mean for investors, explorers and producers? We asked our experts in petroleum economics how tax regime changes could be employed by governments under pressure to decarbonise. About two-thirds of the remaining value in global oil and gas assets will go to governments in the form of royalties, taxes and profit-sharing. As a result, fiscal and regulatory policies will have a significant influence on investors’ ability to meet their objectives ... (full story)