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☆ Google DeepMind wants to make AI a part of soccer
▼ + stars: | 2024-04-13 | by ( George Glover | ) www.businessinsider.com time to read: +6 min

Google DeepMind launched a prototype AI soccer tactics tool last month. DeepMind developed the tool with Liverpool FC, known for its data-driven approach to soccer. AdvertisementGoogle DeepMind is bidding to bring artificial intelligence (AI) into soccer by launching a new tool to help coaches make better tactical decisions. DeepMind researchers published their findings in the scientific journal Nature Communications. Google DeepMindHaving that knowledge on hand helped the collaboration between DeepMind and Liverpool to run smoothly, according to Veličković.

Persons: Google DeepMind, DeepMind, —, Zhe Wang, Didier Drogba, Divock, Chelsea's Didier Drogba, Ian MacNicol, Petar Veličković, Billy Beane, Ian Graham, they've, Liverpool —, Monterrey's Sergio Canales, Yuri Cortez, We're, Wang, it'll Organizations: Google, Liverpool FC, Service, English Premier League soccer, Nature Communications, Soccer, Former Ivory Coast, Chelsea, Liverpool, FC Barcelona, UEFA, Boston Red Sox, Fenway Sports Group, Liverpool FC's, Ph.D.s, Harvard, Inter Miami, Getty Locations: London, Cambridge, Anfield, DeepMind, Liverpool, AFP

☆ A supercomputer is tracking one of most exciting soccer title races for years. It keeps coming up with different predictions
▼ + stars: | 2024-04-05 | by ( Ben Church | ) edition.cnn.com time to read: +8 min

CNN —A supercomputer is tracking one of the most exciting English Premier League title races in years and with three clubs involved, separated by a matter of points, it keeps spitting out different predictions as it analyzes thousands of simulations. Liverpool leads the title race on 70 points, with Arsenal second on 68 and City third on 67. Manchester City has the chance to win an unprecedented fourth straight Premier League title. Oli Scarff/AFP/Getty ImagesTwists and turnsLiverpool’s result follows a successful night for Manchester City and Arsenal on Wednesday, with both teams easing to victories. The team now looks focused on winning a league title as the perfect way of saying thank you to Klopp after his years of service.

Persons: “, ”, Oli Scarff, Kevin De Bruyne, Erling Haaland, Phil Foden, –, Arsenal breezed, Mikel Arteta, Martin Ødegaard’s, they’ll, Guardiola, David Price, ” Guardiola, Arteta, Klopp, Sheffield United – Klopp, Darwin, Conor Bradley, Mo Salah, Molly Darlington, Nunez, Ivo Grbic’s, Alexis Mac Allister, Cody Gakpo, ” Klopp, – it’s Organizations: CNN, English, League, – Liverpool, Arsenal, Manchester City –, Premier League, Liverpool, ”, Sheffield United, Manchester City, Reds, Aston Villa, Champions League, Crystal, team’s Champions League, Real Madrid, City, Manchester United, Old, FA, Arsenal FC, Getty, Invincible, Gunners, Luton, Reuters, Chelsea Locations: Liverpool, AFP, City, Luton, Old Trafford, Arteta, London, Chelsea

Tottenham moved to fourth place, level on points with Aston Villa, which hosted Wolves later. Palmer's brace at Stamford Bridge could help Chelsea only draw 2-2 with 10-man Burnley. Chelsea was wasteful in the first half and had a goal ruled out after 20 minutes. The Blues took the lead from the spot when Palmer scored with a Panenka kick, chipping the ball down the middle. In a spectacular game that was goalless at the break, Sheffield United and Fulham drew 3-3 after the host blew a 3-1 lead.

Persons: Son Heung, Tahith Chong, Issa Kabore, Timo Werner, Kabore, PALMER’S PANENKA, Cole Palmer, Palmer, Mykhailo Mudryk, Vincent Kompany fuming, Kompany, Lorenz Assignon, Josh Cullen volleyed, Raheem Sterling’s backheel, Dara O’Shea, Djordje Petrovic, James ’, Harvey Barnes, Lukasz Fabianski, “, ” Barnes, “ It’s, I’ve, Alexander Isak, Mohammed Kudus, Michail Antonio, Jarrod Bowen, Crystal Organizations: Tottenham, Luton, English Premier League, Aston Villa, Spurs, South, Wolves, Manchester City, Arsenal, Liverpool, Brighton, LETHARGIC SPURS Tottenham, PALMER’S PANENKA Chelsea, Premier League, Stamford, Chelsea, Burnley, Blues, Newcastle, West, Sheffield United, Fulham, Nottingham Forest Locations: South Korea, West Ham, St, London, Newcastle

☆ A bigger pool of American workers could continue to slow inflation even further
▼ + stars: | 2024-03-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Now, as the Federal Reserve faces the final stretch of its historic inflation battle, a bigger pool of workers could slow inflation even further. That then begs the question: How much more can better labor supply slow inflation? The US Labor Department releases January figures on job openings, quits, hires and layoffs. The US Labor Department reports the number of new applications for jobless benefits in the week ended March 2. China’s National Bureau of Statistics releases February inflation data.

Persons: Mary Daly, “, ” Sarah House, Michael Gapen, That’s, Jack Bantock, ’, ”, Richard Felton, Thomas, ’ ”, Patrick Harker, Ross, Nordstrom, Michael Barr, Campbell Soup, Foot, Jerome Powell, Loretta Mester Organizations: DC CNN, Federal Reserve, San Francisco Fed, National Association for Business Economics, Labor, CNN, Bank of America, White House’s Council, Economic Advisers, English Premier League, Chelsea, Burnley, Philadelphia Fed, Target, P Global, Institute for Supply Management, US Commerce Department, Abercrombie, Fitch, Financial Services, The Bank of Canada, US Labor Department, Broadcom, Costco, Eagle Outfitters, Potbelly, Banking, Housing, Urban Affairs, European Central Bank, Cleveland Fed, National Bureau of Statistics Locations: Washington, San, Wells, United States, London, JD.com, Kroger, Burlington, DocuSign

☆ AiScout: Top soccer clubs are using a mobile app to find future stars
▼ + stars: | 2024-03-01 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

London CNN —A London-based technology company is looking to “democratize” talent-identification and scouting in soccer using a mobile app. Free to download and available globally, the aiScout app allows aspiring soccer stars to enter virtual trials for professional clubs by uploading self-recorded footage of themselves completing a series of drills. Ben Greenwood had never had a trial with a professional club until he downloaded the app in 2019. Felton-Thomas said the “lion’s share” of its income comes from charging clubs a license fee to run the platform. Should soccer talent scouts be concerned about being edged out by the arrival of AI in their industry?

Persons: ’, ”, Richard Felton, Thomas, Ben Greenwood, Felton, ” Felton, player’s, he’s, We’ve, you’re Organizations: London CNN, English Premier League, Chelsea, Burnley, EPL, Bournemouth, Major League Soccer, US, View Research, CNN Locations: London, Felton

Watch out, Premier League. Make it 12 times that De Bruyne has set up Haaland for a goal since they started playing together at the beginning of last season following the striker's move to England. No other Premier League partnership has delivered that many goals in this period. Vincent Kompany, the Man City great in charge of Burnley, couldn't do his old club a favor. In other results, Fulham beat Bournemouth 3-1, Ivan Toney scored again as Brentford won 2-0 at Wolverhampton and last-place Sheffield United won for just the third time this season, 3-1 at relegation rival Luton.

Persons: Erling Haaland, Kevin De Bruyne —, —, Bruyne, pouncing, Diogo Jota, Luis Diaz, Darwin Nunez —, Mohamed Salah, Vincent Kompany, couldn't, Trent Alexander, Arnold, Son Heung, Brennan Johnson, Ivan Toney, ___ Steve Douglas Organizations: Premier League, Manchester, Everton, Liverpool, Burnley, Anfield, Arsenal, Asian, Tottenham, Brighton, Fulham, Bournemouth, Brentford, Wolverhampton, Sheffield United, Luton Locations: England, Haaland, Liverpool, Burnley, South Korea, ___

BOSTON (AP) — Theo Epstein, who as Red Sox general manager was the architect of two World Series championships, is returning to the organization as a minority owner and part-time senior adviser to its parent company, Fenway Sports Group. Epstein, who also helped the Chicago Cubs win the 2016 title — their first in 108 years — will advise the sports and entertainment conglomerate on operations and investment strategy. “The special connection I feel toward this organization and the ownership group has stayed with me through the years.”Fenway Sports Group owns the Red Sox, the Pittsburgh Penguins, Liverpool of the English Premier League and NASCAR's RFK Racing. After joining the Red Sox in 2002 at the age of 28 — the youngest general manager in baseball history — Epstein helped build the ballclub that won it all in 2004, the first Red Sox championship in 86 years. “There is no question that Theo left an indelible mark on our history that represented a transformative era,” Fenway Sports Group principal owner John Henry said.

Persons: — Theo Epstein, Epstein, —, ” Epstein, — Epstein, Theo, John Henry said, “, ” Organizations: BOSTON, Red Sox, Fenway Sports Group, Chicago Cubs, Pittsburgh Penguins, English Premier League, RFK Racing, Major League Baseball, Arctos Partners, Cubs Locations: Liverpool, FSG

☆ Manchester City: Under Pep Guardiola, Phil Foden says the world’s best soccer team feels ‘unbeatable’. Here’s why
▼ + stars: | 2024-01-25 | by ( Callum Sutherland | Amanda Davies | ) edition.cnn.com time to read: +6 min

CNN —For Manchester City star Phil Foden, two major influences have shaped his soccer career: his late grandfather and current manager Pep Guardiola. In his eight years at Manchester City, Guardiola has created a squad atmosphere that has been at the heart of the club’s success. The 23-year-old Phil Foden (C) has already won 14 trophies with Manchester City. From Stockport in Greater Manchester, Foden is a lifelong City fan and joined the club when he was just four years old. At home, in particular, Manchester City has dominated.

Persons: Phil Foden, Pep Guardiola, “, ”, Foden, Guardiola, Naomi Baker, there’s, they’re, We’ve, he’s, David Ramos, Rico Lewis, Oscar Bobb, Lewis, I’ve, Michael Regan, John Terry, they’ve, …, ” Terry, Pep, Jan Kruger, it’s, we’re Organizations: CNN, Manchester City, City, Premier League, FA, League, Men’s, Newcastle United, Guardiola’s, UEFA Champions League, Guardiola, Champions League, Real Madrid, Etihad, Chelsea, England, Globe, CNN Sport, Manchester, Premier League Rules, Abu Dhabi United Group, Liverpool, Copenhagen, Tottenham Locations: Dubai, ”, Stockport, Greater Manchester, Real, overshadows, Anfield

☆ Manchester United sells 25% of EPL club to UK billionaire Jim Ratcliffe
▼ + stars: | 2023-12-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailManchester United sells 25% of EPL club to UK billionaire Jim RatcliffeCNBC's Sara Eisen and Scott Wapner discuss the news reports of soccer club Manchester United selling 25% of its stake to UK billionaire Jim Ratcliffe.

Persons: Jim Ratcliffe CNBC's Sara Eisen, Scott Wapner, Jim Ratcliffe Organizations: Manchester United

☆ How F1 and ‘Drive to Survive’ are changing way we watch sports
▼ + stars: | 2023-10-15 | by ( Leah Asmelash | ) edition.cnn.com time to read: +14 min

“Hard Knocks” is a docuseries that focuses on a single NFL team as it prepares for the upcoming NFL season. F1 is already a dangerous and exciting sport on its own, but “Drive to Survive” transforms it into a soap opera. By the end, hopefully, they’re consuming the product; in this case, actually watching the live sport. But his strength on the field isn’t why Travis Kelce is a household name. In last season’s Super Bowl, Travis Kelce went head-to-head against brother Jason Kelce, when the Chiefs faced the Philadelphia Eagles.

Persons: “ I’ve, it’s, Michael Jordan, Travis Vogan, Vogan, ” Vogan, Aaron Rodgers, isn’t, It’s, They’re, ”, “, Lewis Hamilton, Tom Brady’s, Sergio Perez’s, James Gay, Rees, “ It’s, ” Gay, weren’t, ” Haas, Mick Schumacher, Patrick T, Fallon, Cody Havard, Woods, Williams, Lance Armstrong, they’ve, “ They’re, they’re, Travis Kelce, Kelce, Jason Kelce, Travis, Taylor Swift, Swifties, Swift, David Eulitt, ‘, ’ ” Havard, There’s, Muhammad Ali, Mike Tyson, Jake Paul, Rory McIlroy, Rob McElhenney, Ryan Reynolds, ” Havard, Havard, Patrick McElhenney, Ted Lasso ”, Hannah Waddingham, “ Ted Lasso, — she’s, Marshawn Lynch Organizations: CNN, Sports, Studios, Chicago Bulls, Covid, NFL, HBO, Warner Bros ., NFL Films, University of Iowa, New York Jets, Netflix, Films, PGA Tour, de, Formula One United, Prix, Getty, University of Memphis, Kansas City Chiefs, Chiefs, Philadelphia Eagles, Chicago Bears, Wrexham AFC, Welsh soccer, Los Angeles Lakers, AFC Richmond, Manchester City, West Ham United, English Premier League, Fox Locations: Europe, China, Brazil, Mexico, Austin , Texas, ”, Formula One United States, Wrexham, Welsh, United States, “

☆ Liverpool VAR: The ‘monumental error’ that put English soccer in crisis mode
▼ + stars: | 2023-10-03 | by ( Aimee Lewis | ) edition.cnn.com time to read: +13 min

Marc Atkins/Getty ImagesAt the heart of this is a failure in communication by match officials and a failure to put pragmatism before protocol. There is an acceptance that mistakes will happen, and there have been plenty already this season in the Premier League. The release of the audio of the conversations between the match officials would likely influence what Liverpool does next. In rugby union, fans can listen to discussions between match officials on crucial decisions, making the process clear and open for all. The immediate consequence has been that VAR officials England and Cook have not been selected to feature in this weekend’s Premier League games.

Persons: wasn’t, ”, Mohamed Salah’s, Luis Díaz, Salah, Darren England, Simon Hooper, Hooper, –, Dan Cook, PGMOL, Curtis Jones, Marc Atkins, VARs –, Jurgen Klopp, “, Alan Shearer, Visionhaus, Neil Atkinson, ’, CNN Sport’s Don Riddell, Klopp, Joel Matip, Justin Setterfield, Stephen Taylor Heath, they’ve, ” Taylor Heath, Taylor Heath, Henry Winter, Howard Webb, PGMOL’s, Díaz, Peter Cziborra, Webb, Cook Organizations: CNN, English Premier League, Liverpool, Tottenham, Premier League, Manchester, Spurs, England, Nottingham Forest, Brentford, Sunday, Fulham, Chelsea, Daily Telegraph, BBC, Anfield, JWM Solicitors, CNN Sport, “, Times, Major League Soccer, PA Media, Sky Sports, International Football Association Board Locations: Liverpool, Colombian, England

☆ EPL soccer club Everton acquired by U.S. private equity firm 777 Partners
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: +1 min

The Everton badge with flags before the Premier League match between Everton FC and AFC Bournemouth at Goodison Park on May 28, 2023 in Liverpool, England. Everton have been sold to 777 Partners, the struggling Premier League club said on Friday, with the U.S. private equity firm taking over from Farhad Moshiri in a deal reportedly worth more than 550 million pounds ($685 million). The Miami-based investment fund said it had signed an agreement with British-Iranian billionaire Moshiri to acquire his 94.1% stake in the club. The firm 777 Partners has a number of clubs in its portfolio, including Italian side Genoa and Belgian team Standard Liege, while they also have stakes in LaLiga club Sevilla and Australian A-League side Melbourne Victory. By January 2022, he had increased his stake to 94.1% with a 100 million pounds capital injection.

Persons: Farhad Moshiri, Moshiri, Josh Wander Organizations: Everton, Premier League, Everton FC, AFC Bournemouth, Goodison Park, Partners, U.S, Genoa, Belgian, Standard Liege, Sevilla, League, Melbourne, Arsenal Locations: Liverpool, England, Miami, British, Italian, Australian

The EPL was raised from its initial 25% rate to 35% in November, bringing the overall tax burden to 75%. With Friday's changes the windfall tax would fall away, reducing the tax burden to 40%, if average oil and gas prices fall to or below $71.40 a barrel for oil and 0.54 pounds ($0.6784) per therm for gas in two consecutive quarters. However, the government said independent price forecasts by the Office for Budget Responsibility suggest the price floor mechanism is unlikely to be triggered before the windfall tax’s planned end date in March 2028. UK North Sea oil and gas producers including TotalEnergies (TTEF.PA) and Harbour (HBR.L) have said the levy would result in them cutting investment in the basin. Reuters GraphicsBritain was a net exporter of oil as recently as the 2000s, but now depends on both oil and gas imports.

Persons: Sarah Young, Shadia Nasralla, William James, Kate Holton, David Goodman Organizations: Brent, OPEC, Iraq, Reuters Graphics Britain, Reuters Graphics Reuters, Thomson Locations: Ukraine, Britain

SummarySummary Companies Harbour seeks to diversify following UK windfall taxTalos shares rise 4% after Reuters reportLONDON, June 6 (Reuters) - Britain's largest North Sea oil and gas producer, Harbour Energy (HBR.L), is in talks to merge with Gulf of Mexico peer Talos Energy (TALO.N), four people familiar with the matter said on Tuesday. Listing in New York could offer Harbour access to oil and gas-focused investors and banks, the sources said. Harbour Energy expects to produce up to 200,000 boed in 2022, largely from Britain's North Sea. Talos holds a stake in the Zama oil development offshore Mexico, where Harbour also holds a 12.4% interest. Cook said in March that the EPL "disproportionately impacted the UK-focused independent oil and gas companies...

Persons: Linda Cook, Cook, Ron Bousso, David French, Greg Roumeliotis, David Gregorio, Lisa Shumaker Organizations: Reuters, LONDON, Harbour Energy, Talos Energy, ARM, European Union, Brexit, Oil, EnVen Energy, EIG Global, Thomson Locations: Gulf, Mexico, New York, Britain, Houston, Gulf of Mexico, —

☆ JJ Watt does pub crawl ‘research’ after investing in Premier League-bound Burnley
▼ + stars: | 2023-05-10 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +2 min

Just getting to know the supporters, I want to earn their trust by showing them how much we care and how passionate we are. “It’s research, I’m doing research – and lots of pints of Guinness along the way. The Royal Dyche took to Twitter to mark Watt’s visit, sharing an image of him behind the bar on Monday. Lovely gent, such a great reception in the pub from all us Claret fans,” the pub added. Kompany is best known for his exploits as the captain of Manchester City, with whom he won four Premier League titles.

☆ Erling Haaland smashes EPL record with 35th league goal of the season
▼ + stars: | 2023-05-03 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +2 min

CNN —Manchester City striker Erling Haaland broke the record for most Premier League goals in a single season on Wednesday as the 22-year-old Norwegian scored his 35th league goal of an incredible debut campaign in England. “35 Premier League goals. The previous Premier League record of 34 was jointly held by Andy Cole (1993/94) and Alan Shearer (1994/94), when league seasons were 42 games long. Martin Rickett/APHaaland, who had already set the record for a 38-game season, still has five league games left to add to his haul. He has now scored 51 goals in just 45 games in all competitions this season – more than any Premier League player ever.

☆ JJ Watt and Kealia Watt invest in Premier League-bound Burnley FC
▼ + stars: | 2023-05-02 | by ( Matt Foster | ) edition.cnn.com time to read: +2 min

CNN —After retiring from professional football in the NFL earlier this year, JJ Watt is turning his hand to soccer as he and his wife Kealia announced their investment in English club Burnley FC on Monday. In a statement released by the club, JJ Watt said: “When you invest in a club that’s been around since 1882, you must have great respect for its history and tradition. Kompany is best known for his exploits as the captain of Manchester City, with whom he won four Premier League titles. Manager Vincent Kompany has guided Burnley back to the Premier League. Burnley’s chairman Alan Pace said of the Watts’ investment: “We’re absolutely delighted to welcome JJ and Kealia into the Clarets family.

☆ Britain to announce energy security measures by month-end
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 15 (Reuters) - British government measures to support energy security will be announced later in March, a budget document said on Wednesday without mention of any fresh incentives for oil and gas or renewable energy producers. "In addition to the measures in the spring budget, the government will set out further action later this month to ensure energy security in the UK and meet our net zero commitments," the government said in a budget document. "The Government has repeatedly ignored warnings from the renewable sector as it bulldozes through its tax raid on green electricity generators," said Rod Wood, managing director at wind energy developer Community Wind Power. "We are disappointed that it has not removed obstacles for offshore energy firms and the homegrown oil and gas producers." Reporting by Shadia Nasralla and Susanna Twidale Editing by David Goodman, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

Representatives of the renewable energy sector say those goals could be missed without policy changes, especially as other countries are doing more to attract investment in green power. Rod Wood, managing director at wind energy developer Community Wind Power, is among those seeking changes to the EGL in Britain's March 15 budget. OIL AND GAS SECTOR UNHAPPY TOOOil and gas producers, which have been subject to a windfall tax since May 2022, also want change. Finance Minister Jeremy Hunt, in a meeting in December, rebuffed calls from the oil and gas industry to amend the windfall tax. Meanwhile, Britain's biggest oil and gas producer Harbour , has announced job cuts and shunned the latest licensing round.

☆ Exclusive: Harbour Energy to cut jobs due to UK windfall tax
▼ + stars: | 2023-01-18 | by ( Ron Bousso | ) www.reuters.com time to read: +3 min

The jobs would be cut in Harbour Energy's headquarters in the North Sea hub of Aberdeen, Scotland, but the extent of the cuts is yet to be determined and will be subject to consultations. Harbour Energy Plc has 1,700 employees worldwide, according to its website. Executives in North Sea companies have urged the British government to introduce a price floor to mitigate the impact of the windfall tax as firms struggle to access new funding. Industry group OEUK said in response to Harbour's announcement that the windfall tax will further undercut spending. Companies including Shell Plc (SHEL.L) and Equinor ASA (EQNR.OL) have already said they will review their North Sea investments.

LONDON, Dec 9 (Reuters) - The British government stood firm on its windfall tax on the oil and gas sector in a meeting with industry executives on Friday, two sources with knowledge of what was discussed said. Finance Minister Jeremy Hunt rebuffed requests from North Sea oil and gas executives to include a mechanism in the tax to reflect falls in oil and gas prices, although a future revision was not ruled out should prices slump, the sources said. Hunt last month announced plans to boost the Energy Profits Levy (EPL) on oil and gas companies from 25% to 35%, bringing the total tax rate on the sector to 75%, one of the highest in the oil and gas industry. The government said this would raise funds to help people struggling with increased living costs, largely driven by energy prices that surged after oil and gas exporter Russia invaded Ukraine in February. Britain's oil and gas productionReuters GraphicsReuters Graphics Reuters GraphicsAdditional reporting by Farouq Suleiman.

LONDON, Dec 7 (Reuters) - British finance minister Jeremy Hunt will meet leaders of North Sea oil and gas producers on Friday to discuss the government's windfall tax, three industry sources told Reuters on Wednesday. The government said the levy would raise funds to help people struggling with increased living costs, largely driven by energy prices that surged after energy exporter Russia invaded Ukraine in February. A Treasury source confirmed Hunt would meet oil and gas executives this week. Benchmark Brent oil prices traded below $80 a barrel, the lowest since January and far below a spike well above $100 shortly after the Ukraine war began. Natural gas prices remain above their historical average .

PRICE FLOORNeither climate campaigners nor the industry are happy with the new windfall tax. Benchmark Brent oil prices are trading above $80 a barrel, far below a spike well above $100 shortly after the Ukraine war began. Jacques Tohme, director and founder of Tailwind, a North Sea producer, said he did not object to a higher tax but a lack of stable rules created the risk of "flight of investment" from the North Sea. "We're happy to pay higher tax, but we need a floor of $75 to $100 a barrel above which a true windfall tax can be applied," Tohme said. Companies including Shell (SHEL.L) and Equinor have already said they will review their North Sea investments.

☆ Equinor evaluating impact of British windfall tax on projects
▼ + stars: | 2022-11-22 | by ( Ron Bousso | ) www.reuters.com time to read: +1 min

LONDON, Nov 22 (Reuters) - Norwegian oil company Equinor (EQNR.OL) said on Tuesday it is evaluating the impact of Britain's windfall tax on its oil and gas projects, including the giant Rosebank development. The British government's decision last week to raise the windfall tax on North Sea producers to 35% from 25% "does not help investor confidence," Equinor said in a statement. "Uncertainty makes it harder to take investment decisions, especially the uncertainty around the longevity of the EPL (Energy Profits Levy)," Equinor said, referring to the tax. The Rosebank project is estimated to bring 26.8 billion pounds to the British economy through tax payments and investments, Equinor said. Equinor and Suncor Energy (SU.TO) each have a 40% interest in the Rosebank project, while newly-listed Ithaca Energy (ITH.L) has the remaining 20%.

☆ Shell to 'evaluate' 25 bln pound British investments after windfall tax
▼ + stars: | 2022-11-21 | by ( Ron Bousso | ) www.reuters.com time to read: +2 min

Companies Shell PLC FollowLONDON, Nov 21 (Reuters) - Shell (SHEL.L) said on Monday it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government's decision to increase a windfall tax on oil and gas producers. "We're going to have to evaluate each project on a case by case basis," said Shell's UK country chair David Bunch told the Confederation of British Industry's annual conference in Birmingham. "When you tax more you're going to have less disposable income in your pocket, less to invest." The government forecasts that the tax, which was also extended from the end of 2025 to 2028, will raise 40 billion pounds. It nevertheless allows to deduct most investments in new oil and gas projects from the tax.

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