In the Spring Budget, the Chancellor confirmed nuclear as “environmentally sustainable” removing an element of uncertainty which will enable the UK to plan and finance nuclear energy infrastructure in the long term. However, building confidence in technology and equipment will be key for the UK Government in delivering new nuclear power generation.
Westminster is being pressed to confirm a portion of its carbon capture and storage (CCS) cash will go to Aberdeenshire’s Acorn project.
Orsted has cast some doubt over its future UK offshore wind projects after yesterday’s budget failed to deliver a “full package of support”.
Aberdeen and Grampian Chamber of Commerce's boss slammed Jeremy Hunt’s “underwhelming at best” Spring budget as the government returns to "snail-like habits".
A Peterhead industry boss has told the Chancellor to pick up the pace on support for the Acorn CCS project – warning the region has “waited too long for this as it is”.
Chancellor Jeremy Hunt’s Spring Budget focussed heavily on getting people into work, however, glossing over the issue of IR35 reforms “smacks of irony”.
Aberdeen business leaders have told the Chancellor to “wake up” to the damage caused by his oil and gas windfall tax policy.
However receipts are expected to drop dramatically in years to come as prices drop.
Chancellor Jeremy Hunt has confirmed a £20bn government support package for CCS, but developers of a flagship north east scheme must wait for further details.
The UK decided to keep its energy price guarantee at current levels for a further three months, easing pressure on households as the government works to ensure bills reflect falling natural gas costs.
Chancellor of the Exchequer Jeremy Hunt is considering limiting the windfall tax on the profits of UK oil and gas companies to allay industry concerns.
The path has not run smooth for the north east’s Acorn CCS project, however new funding commitments in the Spring Budget may finally see the pioneering plans take root.
Harbour Energy CEO Linda Cook talks job cuts, EPL and whether the firm would move its listing out of London.
It is “unlikely” that Jeremy Hunt will toy with current energy windfall taxes when he delivers the government’s fiscal update next week.
“There is a real danger that the UK will be left without the resources and talent to make the energy transition a reality safely," the IADC has warned hundreds of MPs and MSPs.
Westminster is being urged to “fix or ditch” current off-payroll working tax rules ahead of the upcoming spring budget.
The SNP has called for a broad-based windfall tax on ‘excess profits’ of major companies, including the energy sector, to help ease the cost of living crisis.
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
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.