Oil and gas chiefs have welcomed a £15million contribution from the UK Government towards the cost of a new industry regulator.
Trade body Oil and Gas UK (OGUK), which recently complained Westminster was “seeking to absolve itself from all financial involvement”, said last night it was “delighted” by the show of commitment,
The Oil and Gas Authority…
A consultation into North Sea taxes has been welcomed by the oil and gas industry, which says bold measures are required to tackle declining production.
Companies in the sector are being asked for their views as part of a 12-week review announced by the Chancellor at his last Budget.
The UK…
Foreign exchange losses in the second quarter are expected to be higher than first quarter losses, the company has said.
Chevron says that its U.S. net oil-equivalent production was higher compared to the first quarter, primarily due to less maintenance activity in the Gulf of Mexico and increased production in…
Oil and gas leaders have called for new tax cuts for the industry after official forecasts for future North Sea revenues were slashed.
The Office for Budget Responsibility (OBR) downgraded its projections for the sector by £20billion over the period to 2040 in a report out yesterday.
The move – the…
North Sea oil and gas companies made the lowest profits in nearly five years during the first three months of this year, according to new figures from the UK Government.
The Office for National Statistics (ONS) said the rate of profit at firms exploring for and extracting oil and gas…
