Budget 2017: Expert panel to report North Sea tax findings this year
The Treasury confirmed yesterday that a new panel of industry experts would discuss increasing North Sea production and investment through tax breaks.
The Treasury confirmed yesterday that a new panel of industry experts would discuss increasing North Sea production and investment through tax breaks.
UK Government minister for Scotland has greeted the Chancellor's support for the oil industry as "positive news".
The Budget proves that the north-east oil sector can rely on the UK Government, a Tory MSP said.
Northern Petroleum today confirmed a deal to acquire production wells and facilities located within the area of its existing Rainbow assets in Alberta.
Chevron today confirmed it had started production form its Mafumeira Sul development offshore Angola.
Scottish Renewables’ has announced that chief executive Niall Stuart will step down in August.
With Chancellor Philip Hammond set to deliver his first Spring Budget today, oil and gas will be no different to any other industry in hoping for extra support.
Hopes that the Treasury might deliver a boost to the beleaguered North Sea in today’s Spring budget have been raised by plans to help the “vital” oil and gas industry.
Energy supplier E.On is to increase its standard variable dual fuel prices by an average of 8.8% from April 26.
Native Americans from across the US are holding a protest in Washington DC against the Trump administration and its approval of the Dakota Access oil pipeline.
A Dutch oil and gas company has agreed to buy the UK subsidiary of Sterling Resources in a £133million deal that will give it 30% of the North Sea Breagh field.
Helicopter operator CHC Group said yesterday that it had taken the “final legal step” on its way out of bankruptcy.
The European Union has given Hungary the green light to build two nuclear reactors with Russian help after Budapest made commitments to safeguard competition in the energy sector.
Nationalists should not count on North Sea oil and gas revenues when making their economic case for independence, a former SNP MSP has reportedly said.
Subsea service and technology firm DeepOcean said today that BP had been given it a job to do on the Foinaven field, west of Shetland.
US firm Erin Energy has booked a rig for a drilling campaign offshore Nigeria.
Under-fire Bowleven said today that it had agreed to farm out a large stake in its onshore licence in Cameroon to another London-listed firm.
The UK’s carbon dioxide emissions fell by almost 6% in 2016 after coal use more than halved to record lows, analysis suggests.
Wind turbines generated enough energy to cover two-thirds of Scotland’s total electricity consumption last month, according to figures.
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country's natural resources.
An Aberdeen company is involved in the development of a new rig that could lower well plugging and abandonment (P&A) costs by up to 30%.
A third corporate governance services firm has backed Bowleven’s board members in their quest to keep control of the Scottish oil explorer.
An MSP yesterday called for the UK Government to overhaul grid transmission charges to help keep Peterhead power station alive.
The Chancellor has been challenged to “step up to the plate” and support the oil and gas industry in next week’s Budget.