The head of the Climate Change Committee (CCC) says government policy must focus on efficiency and ensure electricity is cheaper than gas in a bid to “transform the economics of low-carbon heat”.
As the dust settles on Philip Hammond’s first (and last!) Autumn Statement, it is worth taking stock of the impact of the announcement on the oil and gas sector.
It would seem logical that if the UK’s once largest corporation tax payer was going through a difficult time, the UK Government should be trying to do all it can to support it and boost growth and future developments.
Industry body Oil & Gas UK said a "strong signal" has been sent to investors by the UK Goverment with their recommitment to a driving investment plan.
Scotland will receive a “very significant” £800 million boost to its budget, Chancellor Philip Hammond has said.
EY’s head of oil and gas taxation gives his quick round-up of this year's Autumn Statement.
Oil major Shell said the reaffirmed measures in the Autumn Statement would continue to help deliver a "strong and sustainable" future for the North Sea.
UK Chancellor Phillip Hammond has been accused of "complete failure" after no new measures were revealed in the Autumn Statement for the North Sea oil and gas industry.
North Sea industry should look to Opec for good news, not Chancellor Philip Hammond, an energy finance expert said today.
I don’t think the industry was expecting any major changes to the fiscal regime for the North Sea today, given the overhaul we have seen over the last two Budgets.
EY’s Derek Leith explains why it is unlikely we will see any further changes to the North Sea fiscal regime in the Autumn Statement 2016. However, the oil and gas industry will have huge interest in what the Chancellor has to say on the many other pressing issues affecting the wider economy.
Pausing to review the landscape ahead of Philip Hammond’s debut statement as Chancellor, it is difficult to imagine a more challenging set of circumstances for him to deal with.
The far-reaching impact of the oil price crash on the north-east was highlighted last week with new figures showing a rise in the number of people claiming benefits.
This has been another challenging year for the North Sea oil and gas industry, however I believe that there continues to exist a wealth of opportunity for this strong, resilient and innovative sector.
Labour and the Scottish Government are both calling on the Chancellor to end austerity, boost support for the North Sea oil and gas industry and stop welfare cuts, ahead of the Autumn Statement.
With the Autumn Statement announced this week, Derek Leith, UK head of oil and gas taxation at EY, continues in the role of Energy Voice’s guest editor. Follow along each day as he spells out the challenges and triumphs the industry faces.
George Osborne was accused last night of abandoning the North Sea as he announced UK oil and gas revenues are predicted to plummet by 94% this year.
Oil & Gas UK's economics director Mike Tholen said it was important the industry continue to boost confidence and encouragement investment in the North Sea following Chancellor George Osborne’s Autumn Statement and Spending Review.
The Treasury is abandoning the UK’s struggling oil and gas industry by failing to provide short term fiscal support, according to an industry analyst.
The Chancellor has been accused of slashing support for energy efficiency measures, as figures show a surge in the number of excess winter deaths last year.
Chancellor George Osborne gave the North Sea oil and gas industry a clear signal that it will have to become its own saviour - by saying nothing about it in his Autumn Statement.
Energy Voice’s guest editor for the week, Derek Leith, breaks down the Chancellor’s latest Autumn statement. EY’s UK head of oil and gas taxation discusses whether the industry deserves as much airtime as the steel sector, cost efficiency versus taxation and what to expect next. Watch the video to find out more.
As the Autumn Statement is announced this week, Derek Leith, UK head of oil and gas taxation at EY, has taken up the role of Energy Voice’s guest editor. Follow along each day as he spells out the challenges and triumphs the industry faces.
As the Autumn Statement is announced this week, Derek Leith, UK head of oil and gas taxation at EY, has taken up the role of Energy Voice’s guest editor. Follow along each day as he spells out the challenges and triumphs the industry faces.
On 25th November, the Government will announce a joint Spending Review and Autumn Statement. Economic security, national security and opportunity have already been identified as the major themes, but with the Paris climate change conference just around the corner, could there be some respite for the hard pressed renewables sector?