The chancellor is also facing calls from north-east politicians to "step up to the plate".
A man has been flown to Aberdeen Royal Infirmary after taking ill on-board a North Sea rig.
PwC today echoed Oil and Gas UK's call for sweeping tax changes for the industry.
Oil and Gas UK today made a rallying call to the UK government to rethink its tax strategy or risk costing the North Sea a billion barrels of oil and hundreds of thousands of jobs.
An Aberdeen MSP has called on the chancellor to listen to the Scottish Government and oil and gas industry's calls for support in the forthcoming Budget.
Premier Oil saw tens of millions of pounds piled onto its market value yesterday.
Hungarian oil company Mol has confirmed the departure of its UK boss, Chris Bird.
The £180million technology centre proposed for the oil and gas sector in Aberdeen will be like nothing the industry has seen before, a spokeswoman has claimed.
The Oil and Gas Authority has launched a £500,000 competition aimed at unlocking the North Sea's exploration potential.
Premier Oil Plc advanced the most in almost three weeks after the North Sea explorer told the Financial Times it’s planning to merge operations with some rivals to cut costs.
Lundin Norway’s North Sea wildcat well has come up dry.
Zennor Petroleum today confirmed it had completed the purchase of First Oil’s subsidiary First Oil Expro and Antrim Resources.
A new generation UK oil & gas junior is in the final stage of buying its way into the Mariner heavy oil field having agreed to purchase a chunk of JX Nippon Exploration & Production UK’s 28.89% stake.
Exploration in British waters has absolutely crashed and is now at its worst ever in the entire history of our still strategically vital offshore oil & gas industry.
EnQuest has reportedly drafted in help to manage its debt portfolio as it battles a depressed oil price environment.
Statoil has chosen to terminate as rig contract with COSL while also suspending another agreement with the company.
Norwegian operator Statoil and Shell have decided to put the concept selection process for the Bressay field on the UK Continental Shelf.
Industry regulator the OGA (Oil and Gas Authority) has outlined its corporate plan for the next five years.
The oil price rout forced Hunting to lay off “just under 100 workers” in the north-east of Scotland last year, the energy service firm said yesterday. Hunting reduced its global headcount by 30% to 2,784 in 2015 as part of cost-cutting measures which were brought in amid a severe slump in drilling activity. Chief executive Dennis Proctor said the outlook for the industry was “bleak”, adding: “We are in a wilderness without a single path to guide us.”
MPs from across the regions which make up the North Sea offshore industry joined forces yesterday to ramp-up the Budget pressure on George Osborne. The chancellor was warned repeatedly of the need to support the oil and gas sector through the downturn and help it thrive in the long term.
The North Sea oil and gas industry is “drowning in a tsunami of supply”, a Conservative MP warned today.
Another 17 jobs are to go at Scatsta Airport due to a sharp reduction in offshore activity in the wake of falling global oil prices.
Amec Foster Wheeler has been awarded a one-year £125 million engineering, procurement and construction (EPC) contract by BP to build a new refrigeration plant at Grangemouth for the Forties pipeline system.
The chief executive of the East of England Energy Group (EEEGR) said today his region had historically been seen as the “poor relation” to the north-east of Scotland within the oil and gas sector.
The SNP has accused George Osborne of "sitting on his hands" over tax cuts for the offshore industry on the eve of a debate in parliament today.