Following a decade of fiscal instability and investor uncertainty, in which we could have been forgiven for believing the UK Government was just cashing in its chips, the coalition has now established a new approach on tax and is working towards an industrial strategy for oil and gas for the long term.
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State-controlled Chinese oil firm CNOOC today announced a £9.6billion bid for Canadian operator Nexen in a deal which would see it gain control of one of the UK North Sea's largest oil fields.
Senior representatives of the UK oil and gas industry held talks with the Scottish and UK energy ministers in Aberdeen yesterday.
ENERGY industry companies in the north and north-east have been urged to cash in on the "rich opportunities" offered by Brazil's rapidly growing economy.
The announcement of the UK's Round Three offshore windfarm programme flags the single largest energy endeavour for Britain since the dawn of North Sea oil.