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.
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.
Mexico’s second oil and gas auction marked a turning point for the industry.
Subsea contractor Ceona has gone into administration, with the loss of 102 jobs.
Energy Voice brought together an expert panel and an informed audience for Energy 2050 - Securing Our Future, offering a unique insight into where the oil and gas industry is headed in coming years.
Recent policy announcements withdrawing support for renewable energy have seen the attractiveness of the UK’s renewables market as an investment destination plummet, according to EY’s Renewable Energy Country Attractiveness Index (RECAI).
A managing partner at EY in Aberdeen said in order to “radically" improve the cost base in the UKCS there would need to be a behaviour change within the oil and gas industry. Speaking after the event, Derek Leith said he had been surprised by findings from Energy Voice’s research which showed a ‘negative’ view of the industry. Leith was joined by a panel including Sir Ian Wood, Andrew Reid, chief executive of Douglas-Westwood, Rebecca Wain, a 24-year-old graduate geologist and Michael Engell-Jensen, co-chairman of Offshore Europe at the Energy Voice – Securing Our Future event at the Tivoli in Aberdeen.
Energy reform has shown that it is an increasingly influential driver of deals activity in the global power and utilities sector, even as M&A reached a six-year low of US 50.9b in the first half of 2015, according to EY’s quarterly power transactions and trends quarter two 2015 report, released today.
The Red7Marine group of companies has gone bust, with 47 jobs axed, professional services firm EY said today. Red7Marine Group and its subsidiaries, Red7Marine and Red7Marine Offshore, provide offshore oil and gas, marine renewables, maritime inland subsea engineering and marine engineering services.