Posted on: July 13, 2020

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Gneiss Energy‘s Managing Director Jon Fitzpatrick featured on Natural Gas World this week, discussing the recent Norwegian government tax relief to oil and gas companies in the midst of the market downturn.

The recent measures taken by the Norwegian government will provide much needed respite for an industry that has been caught off guard. Not only should this initiative safeguard jobs, but it will certainly encourage project investment in the short to medium term and allow businesses to retain their competitive position.”

“Conversely, on our side of the continental shelf, if the UK government doesn’t step in to provide fiscal support soon, further mass redundancies are inevitable. We are seeing companies of all sizes implement major Capex reductions as they adapt their business models to the new environment.

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Jon is the Founder and Managing Director of Gneiss Energy with over 20 years' experience in the industry. He is a qualified corporate lawyer, petroleum economist, investment banker and energy sector adviser. Prior to establishing Gneiss, Jon was Senior Managing Director and Head of Natural Resources for Europe, Middle East and Africa, as well as, Co-Head of Equity Capital Markets, Europe at Macquarie Capital. Previously, he held senior posts at Cenkos Securities plc, including Head of Corporate Finance, Energy and Natural Resources. Between 2013-2015, Jon was President of The Scottish Energy Forum and has been a board director since 2008. He is also an active member of various industry bodies and professional institutions. He began his career in 1994 as a research associate at the Centre for Energy, Petroleum, Mineral Law and Policy at the University of Dundee before joining Arthur Andersen and then Brewin Dolphin (now N+1 Singer), leading both their Energy & Natural Resources and TMT businesses. Jon holds an LL.B (Hons.) and Diploma in Legal Practice from the University of Dundee and an LL.M (Dist.) in Natural Resources Law (specialising in Petroleum Economics).

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