The year 2015 has been an annus horribilis for all stakeholders in the UK Continental Shelf (UKCS).
This article sets out to add further clarity to the subject of the ultimate potential recovery of oil and gas from the UK Continental Shelf.
Professor Alex Kemp and Linda Stephen of Aberdeen University review future long-term prospects for the UK Continental Shelf
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.
The current problems at the Grangemouth refinery and petrochemical complex are deep-seated, and developments in the international oil and gas markets have exacerbated these problems.
The proposals from the Fiscal Commission Working Group reflect a combination of the intellectual case for an oil fund and the budgetary realities likely to be faced by an independent Scottish Government, writes Professor Alex Kemp
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