News Archive for: March 2015

Oil & Gas UK has welcomed the Chancellor’s decisive move to restructure the North Sea tax regime to promote investment in the nation’s “vital and considerable remaining oil and gas resource”.

The UK will continue to rely on oil and gas for the majority of its energy supply for many…

The UK Chancellor has announced a raft of measures to help boost North Sea investment as oil prices continue to decline.

George Osborne said there would be the introduction of a “single, simple and generous” tax allowance for the industry from next month, with the Government also investing in new…

This week’s Budget is “the most important” in terms of the future of the North Sea oil and gas industry, according to a leading figure in the sector.

Sir Ian Wood called for “really significant” action from Chancellor George Osborne to address a lack of confidence in the region and…

George Osborne is widely expected to offer a fillip for the oil and gas sector in this week’s budget although the impact of so-called “rabbits out of the hat” is expected to be fiscally neutral.

In the last budget ahead of the UK general election, Mr Osborne is set to…

North-Sea-focused oil and gas companies will create fewer jobs over the next year and increasingly look to diversify their interests towards onshore shale projects, a new survey of the industry by the Bank of Scotland revealed.
Oil and gas companies working in the UK’s North Sea basin are expected to…