Oil giant blames windfall tax as it cuts hundreds of jobs and investment

Oil & gas is a very long-term business. Projects take a decade to plan build and get into operation and then multi decades to grab the investment back. Needless to say that with markets gyrating up and down, any project will face the good, the bad, and the ugly in its lifetime. Probably more than once. Oil & Gas had many years of the most atrocious market and took it on the chin. Now there is some money coming in to soothe the pain and replenish the accounts and governments take it away through willy-nilly taxes. How long will O&G care to invest in the future? 

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