Chancellor Philip Hammond has been branded “out of touch” after he was forced to clarify his remark that “there are no unemployed people”.
As an industry which remains vitally important to the Scottish, and UK, economy, the Scottish Government has long been a vocal champion of North Sea oil and gas.
The north-east's Tory MPs have thrown their weight behind an appeal to the Chancellor to give the oil and gas industry more support in next month’s Budget.
Every Friday, Energy Voice will ask readers to give their views on some of the hot topics affecting the oil and gas sector. The questionnaire will be kept open for several days to allow as much participation as possible. For our inaugural “Energy Voice: The burning questions”, we want your opinions on the Spring Budget.
Scottish Conservative Leader Ruth Davidson has accused the SNP Government of doing “nothing for the north-east” in a fiery exchange over oil and gas revenues.
It’s fair to say Philip Hammond’s first (and last) Spring Budget as Chancellor followed the same approach as his first (and last) Autumn Statement – no vote-grabbing gimmicks, no rabbits out of the hat, steady as she goes.
Shell said today's Budget marked "another step forward" in the oil and gas industry's quest to squeeze out as many barrels out of the North Sea as it can.
An oil industry veteran said it was good news that the UK Government has acknowledged the current decommissioning tax system isn't working for North Sea industry.
The Treasury confirmed yesterday that a new panel of industry experts would discuss increasing North Sea production and investment through tax breaks.
The Budget proves that the north-east oil sector can rely on the UK Government, a Tory MSP said.
The Chancellor to the Exchequer has delivered hope for late life North Sea assets and the firms who will be tasked with their decommissioning, according to an industry expert.
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.
Shadow Chancellor John McDonnell vowed last night to do "everything we possibly can" to help the oil and gas industry.
Although there are encouraging signs that confidence is beginning to return to the oil and gas industry, the UK Government must do more to ensure its recovery.
A trade union alliance representing oil and gas workers has renewed calls for government investment in North Sea infrastructure.
The Budget on March 8, follows hot on the heels of the Autumn Statement on November 23. It is also the first of two Budgets we can expect this year as the UK transitions to an autumn rather than spring budget timetable. Usually it’s only election years during which two Budgets are delivered, but this year is an exception.
Aberdeen South MP Callum McCaig has called on the chancellor to show that all industries have his "full confidence" in this week's Budget.
Chancellor Philip Hammond has signalled he will take a cautious approach to spending in Wednesday’s Budget.
Theresa May hailed the north-east's "world class” oil and gas sector last night as she pledged her support to ensuring its continued competitiveness on the international stage.
Each time a report or study is published on maximising the UKCS potential and securing a stronger, higher oil price in the future we see one glaring similarity: the importance of increased productivity.
Scotland's energy minister Paul Wheelhouse has appealed to the chancellor to provide more support for the oil and has industry in his forthcoming Budget.
ConocoPhillips said it will reduce its capital budget by 4% to $5billion next year as it looks to cut costs.
Oil and gas companies have made significant in-roads into reducing the cost of production, but this is in the context of some of the highest operating costs in the world. With the oil price falling from the highs of above $100 a barrel in the summer of 2014, those cuts alone cannot go far enough and real fiscal stimulus is needed to drive renewed investment.
Revenues from UK oil and gas are expected to be negative for the next five years, according to the Office for Budget Responsibility’s forecast.
Norwegian operator Statoil said the measures implemented yesterday by the UK Government were a "positive signal" for the UKCS.