The Norwegian Ministry of Finance has announced sweeping changes to offshore oil & gas taxes in an attempt to quash the slump, boost cashflow, and encourage investment. In what has been termed a rare move for Norway, the measures are expected to have a lasting effect; but will they be enough, and should other countries take note? We find out.

Also, we profile the latest oil & gas developments in Somalia as it reopens its subsea resources for business. And with oil investment pouring into Latin America, we speak to international law firm Volterra Fietta about the opportunities and risks in the region. 

Elsewhere, we consider what the industry can do to stem job losses and ask, can the industry transform itself into a provider of skills for other sectors? We also talk to ABB about the potential of augmented reality in oil & gas.

Finally, we hear from Sonardyne about their new SMART sensor, learn how oil & gas companies can thwart cyber crime, and take a look at how a small Irish port became a storage hub for oil. 

Callum Tyndall, editor

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