Catch-up on all the week’s top news with Energy Voice’s Friday Five. Scroll through our gallery to see what oil and gas tax specialist and EV’s guest editor Derek Leith chose as his top picks of the week.
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.
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.
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.
The North Sea industry is currently on track to recover only the “bottom end” of its remaining oil and gas reserves despite making some progress on improving its methods of operating.
A combination of more stable oil prices and signs of new investment have provided grounds for “cautious optimism” for the UK oilfield service sector, according to analysis published by EY today.
Aberdeen is set to face thousands more job losses in the coming years while Inverness is on track for employment growth, a new report has found.
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.
EY’s head of oil and gas taxation gives his quick round-up of this year's Autumn Statement.
Premier Oil has completed a tender process selecting Ernst & Young as its new auditor from next year.
BP will ask its shareholders to approve the appointment of Deloitte as the company’s auditor for the financial year 2018 at its AGM.
The UK renewable energy sector has continued to lose its appeal in the eyes of investors, dropping to a new all-time low, a new report has revealed.
An open mind is needed on a shale gas industry in the UK, according to an energy partner with EY.
Earlier this month, Norway announced it had suffered its first quarterly budget deficit in 20 years.
Aberdeen is losing its appeal for foreign investors amid the oil and gas industry downturn, new figures have shown.
Chancellor George Osborne missed a golden opportunity to announce that the North Sea was open for business when he failed to simplify the tax regime for the oil and gas sector, according to leading industry expert Derek Leith of EY.
A leading oil and gas tax expert has called on Chancellor George Osborne to make changes to the North Sea oil and gas tax regime which could put off potential buyers of late life assets.
At the start of the year there was a growing sense of trepidation as to what the next 12 months may hold for the sector due to an acceleration of the downward trajectory of the oil price in the second half of 2014.
Growth in the economy of the north-east is set to hit reverse as the effects of the plummeting price of oil and gas is starting to “bite”, economists have warned.
More than two-thirds of global oil and gas executives expect to pursue an acquisition in the next 12 months, according to EY’s Oil & Gas Capital Confidence Barometer.
The chief executive of Portlethen-based Saltire Energy, Mike Loggie, has added another gong to a fast-growing list by winning the entrepreneur of the year title at a business awards event.
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.
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.