A Peterhead industry boss has told the Chancellor to pick up the pace on support for the Acorn CCS project โ warning the region has โwaited too long for this as it isโ.
Chancellor of the Exchequer Philip Hammond is blocking a set of government proposals to overhaul the U.K. energy industry because of the potential spending implications for a new prime minister, people familiar with the matter said.
Downing Street has defended the need for ambitious action to tackle climate change after warnings from the Treasury that cutting the UK's greenhouse gas emission to zero by 2050 will cost ยฃ1 trillion.
The Treasury is unlikely to reverse North Sea tax breaks in the upcoming Budget amid industry warnings it could cause โirreversible damageโ, it emerged last night.
Some businesses may have won a delay in the Spring Budget, but others now must embrace technology or face the wrath of the tax man, writes Susie Walker
Catch-up on all the weekโs top news with Energy Voiceโs Friday Five. Scroll through our gallery to see what oil and gas tax specialist and EVโs guest editor Derek Leith chose as his top picks of the week.
New โT-Levelsโ are to be introduced as part of a fresh bid to give technical training equal standing to academic education, the Chancellor has confirmed.
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.
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.
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.
George Osborne has said he is glad BP shareholders rejected a ยฃ13.8 million pay deal for the oil giantโs chief executive Bob Dudley in a symbolic vote.
Scotlandโs Deputy First Minister has warned the Chancellor against continuing to pursue โunnecessarily stringent fiscal targetsโ ahead of the Budget on Wednesday.
John Swinney urged George Osborne to instead use limited borrowing to stimulate economic growth, after the Chancellor paved the way for fresh spending cuts, stating that savings equivalent to 50p in every ยฃ100 the Government spends need to be found by 2020.
Oil and gas experts at international law firm Pinsent Masons are calling for a package of North Sea concessions to be unveiled by Chancellor George Osborne during this weekโs Budget.
The international community must take concerted action to โchoke offโ funding to Islamic State (IS), Britain has warned.
Chancellor George Osborne and Foreign Secretary Philip Hammond said it was essential that jihadists - who have seized control of vast oilfields in Syria and Iraq - were isolated from the international financial system.
Writing in The Daily Telegraph ahead of a meeting of United Nations Security Council finance ministers in New York to discuss action against IS, they said weaknesses in ISโ funding network must be exploited.