Watching the World: Two ministers

11/12/2001
Norway's new oil minister and his UK counterpart recently shared a platform in London to outline their views on how the North Sea oil and gas industry will develop.Although the ministers come from different sides of the political spectrum, the messages were essentially the same. Indeed, the uninitiated could have been forgiven for thinking that they had dropped their respective speeches on their way to the platform and in the ensuing paper-shuffling picked up the wrong one.Good news, bad newsThe fact that there is such agreement could be interpreted as either good news, in terms of stability, or not-so-good news in terms of taxation philosophy. The North Sea, as they both outlined, is...
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