executive vice-president

Oil & Gas

Gas allowance paves way for Cygnus

Utilities GDF Suez and Centrica were quick to welcome today's tax allowance for shallow-water gas fields. The pair, which both have offices in Aberdeen, are in line to benefit directly from the announcement to the tune of up to £500million.

Oil & Gas

Upstream construction costs rocket

COSTS associated with constructing new oil&gas upstream facilities have reached a new record high, according to the latest IHS/Cambridge Energy Research Associates (CERA) Upstream Capital Costs Index. They are up 6% over the past six months and have doubled since 2005.