Alex Kemp


Budget 2014 and the future of the UKCS


For Britain's oil and gas sector the most far-reaching announcements in Budget 2014 were those indicating the launch of a full tax review for the UK Continental Shelf and confirmation of the Government's acceptance of the Wood Review recommendations, writes Professor Alex Kemp.

Oil & Gas

Unpicking the UK’s oil tax regime


After the outcry over the UK Government's 2011 Budget £10billion tax grab, North Sea oil producers have been given a string of allowances to make their investments more viable. Aberdeen University's professor of petroleum economics, Alex Kemp, unpicks the latest tax changes and argues that the debate over future additional allowances will continue