Prime Minister David Cameron has pledged to deliver a "good" tax regime for the North Sea oil and gas industry.
CHANCELLOR George Osborne walked into a fresh row with oil and gas bosses yesterday, claiming they had made "apocalyptic" predictions about the North Sea's future after his £10billion tax raid.
THE sale of EnCore Oil would not be the first taste of North Sea success for the firm's founding directors.
THE UK Government's £10billion tax raid on North Sea operators has cast doubt on the future of another significant discovery.
WELCOME to the new-look Energy. We hope you like the wash and brush up that it has been taken through and we hope that it is even more readable than ever.
Royal Dutch Shell said yesterday that Chancellor George Osborne's £10billion raid on North Sea operators would add £366million to its tax bill by the end of next year.
A second offshore development was pulled yesterday - as Chancellor George Osborne insisted his £10billion tax raid on the North Sea would not hurt investment.
Faroe Petroleum, of Aberdeen, said yesterday it was confident about the year ahead despite reporting pre-tax losses of £26million in 2010.