More than 90% of readers who took part in an exclusive Energy Voice poll believe Chancellor George Osborne still has more to do in supporting the North Sea oil and gas industry.
When asked the question ‘Did the Chancellor do enough to support the North Sea this Budget’ only 6% of voters agreed he had.
However 93% of participants echoed sentiment from the sector that the Chancellor could have gone further.
The role of the OGA (Oil and Gas Authority) has been strengthened with backing of the Government’s Energy Bill published today.
Earlier this year it was announced the body would have a number of powers it would be able to enforce as part of its remit.
The move has been made as part of the implementation of the Wood Review last year and the Oil and Gas Fiscal Review which helped to establish the OGA.
Led by chief executive Andy Samuel, the government has handed the body a raft of powers.
Many of us are old enough to remember buying vinyl albums. After you bought a new one, you would study every detail of the cover, and, then, you would play it repeatedly until you knew every track.
Not only that, you knew the order of the tracks.
I find good music inspirational. Some of you will already know that I write a weekly message on Core Values to my employees, and I always use a musical reference as a hook.
So today, I want to share my playlist for leading in difficult times.
This time-lapse footage shows the second module of the Gina Krog living quarter being lifted into place.
It was built by Aluship in Poland and was placed onto the first module, which was built at Apply Leirvik in Norway.
Statoil has installed the steel jacket for the Gina Krog platform in the Norwegian part of the North Sea.
This stunning footage shows the jacket, which weighs more than 17,000 tonnes.
Weighing more than twice the steel weight of the Eiffel Tower in Paris, it has now been secured into the seabed.
A report from the IMF (International Monetary Fund) has found oil prices have rebounded more than expected, after falling by more than half a year ago.
The findings were revealed in the latest World Economic Outlook which said the rise in the price of oil reflected higher demand and expectations that oil production growth in the US would slow faster than previously forecast.
It predicted the average price of oil to be $59 per barrel over the year.
Prior to the last general election, George Osborne would have scoffed at the possibility of being able to deliver the first Conservative budget in two decades.
The Chancellor's first all-Tory Budget delivered "no real surprises" for the North Sea oil and gas industry, according to a leading tax expert.
Richard Britten joined the Energy Voice team at its offices to watch the Budget live in the newsroom.
The Government reinforced its previous pledges to reduce the North Sea’s supplementary tax charge from 30% to 20%.
Chancellor George Osborne insisted the government would deliver on its promise to reduce the North Sea's supplementary tax charge from 30% to 20%. He also announced a move to open up the remit for industry investments to qualify for allowances - a move aimed a fueling production.
As Chancellor George Osborne gets ready to deliver the first Conservative budget in 18 years Energy Voice looks back at the North Sea tax changes delivered pre-election and what to expect today.
In March, as the Liberal Dem and Conservative coalition geared up for the May vote, the Treasury introduced a raft of measures seen as long overdue by the North Sea oil and gas industry.
As intense negotiations continue in Vienna with the world's superpowers (Britain, China, France, Germany, Russia and the US) Iran has still to conclude a deal that ensures absolute transparency on its nuclear plant activities that should prevent it acquiring nuclear weapons.
French oil industry engineering and construction group Technip will cut 6,000 jobs and book a 650 million euro ($719 million) restructuring charge as it steps up cost-cutting.
It’s about safe and cost effective delivery of projects from exploration through to decommissioning, providing well management and performance improvement related activities
Tenaris has netted a contract to work on Statoil’s massive Mariner project in the North Sea which will lead to the creation of up to 20 jobs in Aberdeen.
The tubing and casing manufacturer will provide connections as well as associated services from its UK base in Aberdeen.
Last month, Statoil awarded Baker Hughes a contract for production chemicals and services for the Mariner field.
Statoil has installed worlds’ first subsea wet gas compressor at the Gullfaks C platform in the North Sea.
The compressor will add 22 million barrels of oil equivalent and extend the platform’s life by two years.
