Durrant insists Premier is on track for a healthy balance sheet
Premier Oil chief executive Tony Durrant said last night he aimed to have the North Sea operator’s net debt down to a “rule of thumb” level by the end of next year.
Premier Oil chief executive Tony Durrant said last night he aimed to have the North Sea operator’s net debt down to a “rule of thumb” level by the end of next year.
Hurricane Energy has asked the UK Government for permission to build an early production system (EPS) on its landmark Lancaster field in the North Sea.
Scottish Conservative Leader Ruth Davidson has accused the SNP Government of doing “nothing for the north-east” in a fiery exchange over oil and gas revenues.
Footage has emerged of a Scottish pelagic trawler bouncing through a stormy North Sea. The clip shows the extent of the waves that can build up during the winter months. Do you have good videos or photos of life in the North Sea? Send them to alan.shields@ajl.co.uk and we will share the best online.
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.
Shell said today's Budget marked "another step forward" in the oil and gas industry's quest to squeeze out as many barrels out of the North Sea as it can.
Divers have found a “vital” missing part from a Super Puma helicopter that crashed in Norway last year, killing 13 people.
An oil industry veteran said it was good news that the UK Government has acknowledged the current decommissioning tax system isn't working for North Sea industry.
The Treasury confirmed yesterday that a new panel of industry experts would discuss increasing North Sea production and investment through tax breaks.
UK Government minister for Scotland has greeted the Chancellor's support for the oil industry as "positive news".
The Budget proves that the north-east oil sector can rely on the UK Government, a Tory MSP said.
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.
Energy Voice is here to take you through the Chancellor of the Exchequer’s spring budget. Keep checking back for updates, live analysis, the best of the tweets and more as it happens. Our guest editor, oil and gas taxation specialist Derek Leith will also be live tweeting the budget as it happens here.
With Chancellor Philip Hammond set to deliver his first Spring Budget today, oil and gas will be no different to any other industry in hoping for extra support.
Hopes that the Treasury might deliver a boost to the beleaguered North Sea in today’s Spring budget have been raised by plans to help the “vital” oil and gas industry.
Cairn Energy's chief executive today said the firm was well-positioned to deliver on behalf of its shareholders.
The prognosis for Centrica Plc’s business of storing natural gas is getting worse.
Shadow Chancellor John McDonnell vowed last night to do "everything we possibly can" to help the oil and gas industry.
An MSP claims it is "not surprising" that the North Sea oil and gas industry has called for another lifeline in today's budget.
A trade union alliance representing oil and gas workers has renewed calls for government investment in North Sea infrastructure.
The North Sea is finally "coming up for air" after a tough two years, according to a leading industry expert.
A Dutch oil and gas company has agreed to buy the UK subsidiary of Sterling Resources in a £133million deal that will give it 30% of the North Sea Breagh field.
Nationalists should not count on North Sea oil and gas revenues when making their economic case for independence, a former SNP MSP has reportedly said.
Last month, it emerged that there’s a handover of the helm underway at Shell’s UK Continental Shelf and Ireland business based out of Aberdeen.
Lundin Petroleum has kick-started appraisal drilling on the Edvard Grieg field and the Gohta discovery.