News Archive for: December 2012

Certainty on Decommissioning Tax Relief to have Profound Effect on UK Oil and Gas Production, says Oil & Gas UK

Oil & Gas UK today (11 December) welcomes the Treasury’s publication of details of the Decommissioning Relief Deed, a contract between the Government and oil and gas licensees aimed at…

Tullow Oil has entered an agreement to acquire Norwegian exploration company Spring Energy for $372.3 million, and also announced it intends to dispose of its UK and Dutch gas assets.

In addition to the $372.3 million purchase price, Tullow has also agreed to a bonus payment in the event of…

The huge shale gas deposit around Blackpool is 50pc larger than previously thought, according to reports.

The British Geological Survey (BGS) is currently carrying out a review of the UK’s shale gas reserves, which will be published in the new year.

The Times newspaper reported on Friday night that the BGS…

Britain’s North Sea oil output is likely to increase in the next few years, according to research published today. This reflects the impact of rising investment, high prices and tax breaks.

A University of Aberdeen study predicted that oil output will reach 1.4 million barrels per day (bpd) in 2017…

Royal Dutch Shell, the world’s biggest LNG company, will move the headquarters of its integrated gas business to Singapore from Europe as part of its quest to feed Asia’s surging demand for the fuel, the company said on Wednesday.

The headquarters of the integrated gas business, which includes all Shell’s…