What new tax rules will mean for offshore workers
A draft of the proposed changes to the NI regulations show that if you are a UKCS worker, as well as a mariner then being a UKCS worker will trump the mariner rules, warns tax expert Alex Arthur
A draft of the proposed changes to the NI regulations show that if you are a UKCS worker, as well as a mariner then being a UKCS worker will trump the mariner rules, warns tax expert Alex Arthur
Decommissioning the North Sea will be one of the largest and most challenging infrastructure projects of the next few decades, writes shadow energy minister Tom Greatrex.
There were a couple of announcements in the chancellor’s Autumn Statement that will have an almost immediate effect on the oil industry.
As Christmas 2013 rapidly approaches we need to consider the excesses that often accompany this time of year.
With discussion and debate around Scotland's fiscal and constitutional future heating up, EY recently launched the latest report in its Grasping the Thistle series.
It may come as a surprise to you but the fastest growing part of our energy industry in the UK at the present time is coal and not renewables.
Apart from Bonfire Night, I used to find November a rather depressing month - when the nights grew longer, the days became colder, the leaves fell from the trees and yet another year seemed to suddenly be racing to its end.
For many years, the oil and gas industry in West Africa has been tainted by its association with corruption, a problem that has been particularly manifest in the region’s largest hydrocarbon producing economies, including Nigeria, Angola and Ghana.
Like many of you, I have become accustomed to the Friday of Offshore Europe being given over at least in part to subject senior academy pupils to a bit of concentrated oil and gas propaganda.
A few days in China acts as a great corrective to all assumptions about energy policy and priorities, both domestically and globally.
If you’re in the energy sector and you’re not interested in innovation then you’re probably in the wrong job.
Any division of the UK EEZ could therefore depend at least as much on political issues as legal ones, and the potential for the North Sea boundary to be ‘traded off’ as part of a wider negotiation on the division of UK assets and liabilities.
The energy industry within the United Kingdom is in rude health.
Nurturing domestic talent is an imperative for the Middle-east and from today’s conference sessions, it was evident that it is also a driver for regional governments who are focused on creating new jobs particularly in the technical sector to pursue a vision of optimising oil production and meeting their energy sustainability policies.
According to industry leaders from Taqa, BP, ADMA-OPCO and KNOC, the days of “easy” oil are over.
Sir Ian Wood’s interim report on the future of the UK North Sea really is a damning indictment of both the industry itself and government.
A large contingent of British companies was to be found at ADIPEC, largely under the aegis of EIC, but the Scottish pavilion – organised by Scottish Development International and along the hall from team GB, beside the US pavilion – was surprisingly small by comparison.
Section 69 of the Enterprise and Regulatory Reform Act 2013 (“ERRA”) is a key step forward in the Coalition government’s agenda to cut red tape and reduce the regulatory burden on UK businesses, however the failure of the Act to recognise the rigorous offshore safety regime could have significant implications for businesses operating in the highly regulated energy sector.
Dana Petroleum group CEO Marcus Richards sees a major structural shift underway in the global oil and gas industry. This is a personal perspective and one that he shared very recently at a packed Chatham House seminar
If they are to make change happen, companies must be open to working across boundaries both within and between organisations.
The Kurdish region of northern Iraq could arguably be described as one of the quietest parts of the Middle East, and it is proving hugely attractive to foreign oil companies . . . particularly European and US.
Most of the big six energy companies have announced annual gas and electricity price increases of about 10%, which have been met by understandable outrage.
In a nutshell, obtaining an electricity generation licence may become a pre-requisite to applications for section 36 consent for windfarm projects in Scotland.
This month we decided it was time to tax some of you a little with a simple questionnaire.
They've gone too far this time . . . I mean Osborne & Co with their begging bowl in China.