A new report has lowered forecasts for UK oil and gas revenues by an average of £600million per year to 2024.
The oil and gas industry welcomed the chancellor’s announcement on stable tax measures and plans to make Scotland a “global decommissioning hub”.
The UK Chancellor has confirmed the North Sea tax regime will be maintained, putting to rest concerns over a potential cut as the oil price stabilises.
Philip Hammond has warned that the UK economy will have to strike out in a “different direction” if the Government is unable to agree a Brexit deal with Brussels.
Chancellor Philip Hammond was continuing behind-the-scenes talks on Friday night over the future of whisky and oil taxes in advance of his Budget on Monday.
Chancellor Philip Hammond has been branded “out of touch” after he was forced to clarify his remark that “there are no unemployed people”.
Sir Ian Wood has called on the UK Chancellor to deliver concrete change in the North Sea's decommissioning tax liabilities.
Chancellor Philip Hammond will start a major trade mission to India by flying the flag for Britain’s financial services industry as he looks to secure a business boost post-Brexit.
The UK Government has launched a discussion paper on possible North Sea tax relief for late life assets.
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.
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.
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.
Chancellor Philip Hammond has signalled he will take a cautious approach to spending in Wednesday’s Budget.
Philip Hammond has embarked on a two-day New Year tour of the Gulf in a bid to strengthen economic relations with the UK’s allies in the region ahead of Brexit.
It would seem logical that if the UK’s once largest corporation tax payer was going through a difficult time, the UK Government should be trying to do all it can to support it and boost growth and future developments.
The Government is calling for the release of a British pensioner described by his family as “one of the oldest and loneliest prisoners in Iran”.
Scotland's first minister has urged the UK Government to reconsider its decision to end subsidy payments for onshore windfarms a year early.