A government review has been launched into new tax rules expected to hit thousands of contractors across the oil and gas industry.
Climate change and the target of achieving net zero carbon emissions by 2035 is having a significant impact on the energy sector, and that trend will continue for the foreseeable future.
More than 220 people gathered in Aberdeen for an event celebrating and rewarding the energy sector’s best young talent.
The Treasury has said it “remains committed” to changes to contractor pay rules by April, despite a delayed budget and the upcoming general election.
Eighty-eight north and north-east jobs have been saved after industrial cleaning and environmental-waste management specialist MSIS plunged into administration and was swiftly acquired by a local rival.
The development of innovative technology solutions has never been more crucial to the oil and gas industry than it is right now.
Concern has been raised over the cost to businesses and the potential shrinking of the North Sea workforce over plans to change contractor pay rules.
More than 16,000 people have backed a campaign to stop changes to contractor pay rules which will widely impact the North Sea energy sector.
A new year can provide a good opportunity to revisit plans for the year ahead.
Peter Courtney, international tax specialist at Johnston Carmichael, looks ahead to the possible tax changes that will affect Scottish businesses operating internationally in a post-Brexit landscape.
Accountancy and business advisory firm Johnston Carmichael has appointed administrators to the troubled Underwater Centre in Fort William.
Concerns over the potential impact of the Forties pipeline shutdown added a bump in the road of what had been a far more positive 2017 – with a more stable oil price supporting performance across the North Sea quietly welcomed.
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
Two north-east firms reliant on income from the oil and gas industry have collapsed with the loss of 37 jobs.
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.