Professor Kemp hails PRT abolishment a “great relief”
Petroleum economist Professor Alex Kemp welcomed chancellor Osborne’s tax package for the oil and gas industry as it will boost producers in the region.
Daily
Opinion: Budget a decisive move in the right direction
Budget day is always faced with some trepidation in the Oil & Gas UK offices – but I’m please to say that yesterday felt like a decisive move in the right direction.
Budget 2016: SNP brands oil and gas measures “missed opportunity”
The SNP branded George Osborne’s Budget a “missed opportunity” last night and accused him of “lacking the vision” to bring forward a long-term strategy for the North Sea.
Derek Leith: Chancellor missed an opportunity for North Sea boost
Chancellor George Osborne missed a golden opportunity to announce that the North Sea was open for business when he failed to simplify the tax regime for the oil and gas sector, according to leading industry expert Derek Leith of EY.
Topsides UK: North Sea must take “Easyjet” approach to cost effective future
The oil and gas sector must get used to taking the "Easyjet" option for North Sea projects if it is to cut costs to a sustainable level, according to a senior supply chain executive.
Cresswell: Methinks the Treasury only half listened
UPDATED 0950 MARCH 15
Exclusive: Osborne – Nowhere is the challenge clearer than Britain’s oil and gas sector
This week I delivered a Budget for the next generation.
Oil leaks and disruptions doing the job that producers won’t
Pipeline leaks and shipping disruptions are doing more to reduce the global oil glut than producers who can’t seem to agree on whether to cap output.
Sumburgh Crash: I tried his phone but I had a gut feeling -wife
The wife of an offshore worker has spoken of the moment she had a “gut feeling” her husband had been involved in a North Sea helicopter crash.
Sumburgh: Pilots’ 30-second ‘switch-off’ led to helicopter tragedy
Investigators have revealed it took just 30 seconds for a routine helicopter flight to turn into a tragic disaster.
Oil rallies after 2-day decline as US stockpile growth slows
Oil rallied after the biggest two-day slump in a month as U.S. industry data showed the pace of crude stockpile growth slowed amid a glut.
Ewing hints SNP could give go-ahead to fracking
Fergus Ewing has admitted the SNP could back fracking if the party wins the Holyrood election in May.
How does Venezuela fix energy crisis? Have a week-long national holiday
President Nicolas Maduro has a new strategy to stave off a major power crisis for Venezuela: a week-long holiday for all workers.
Budget 2016: Oil and gas industry at risk if Osborne fails to act, says Swinney
The future prosperity of the oil and gas industry could be at risk if George Osborne fails to act on the challenges the sector is facing, Scotland’s Deputy First Minister has warned.
LSE to Merge with German rival to create european Titan
Deutsche Boerse AG and London Stock Exchange Group Plc agreed to merge, a deal that would create a titan of European trading as long as rival suitors don’t upend the agreement and regulators give it their blessing.
PD&MS bucks the industry trend with higher profits
Oil and gas service firm PD&MS Energy (Aberdeen) has posted higher profits but a slight fall in sales in its first full-year results since its acquisition by private-equity company Inflexion.
Peterson says it’s good to share in the current North Sea climate
Energy logistics group Peterson said yesterday a record number of vessel sharing arrangements since the turn of the year highlighted a new spirit of collaboration in the troubled oil and gas industry.
Cairn Energy pushes ahead with projects ahead of schedule and under budget
Two of the largest ongoing development projects in the UK North Sea are under budget and ahead of schedule, one of its shareholders confirmed yesterday.
Sumburgh Crash: ‘We all own this’, says Step Change in Safety leader
The leader of the Step Change in Safety group said the lessons from the Sumburgh crash were not just the North Sea’s to learn.
LGO raises £1.95millon to settle up with creditors
LGO Energy has raised £1.95million through share placement in bid to pay its debts.
Total sets third quarter dividend at EUR0.61 per share
Total today confirmed its third quarter interim dividend would be EUR0.61 per share.
Sterling Energy exits Mauritania block
Sterling Energy today confirmed it had completed its withdrawal from the block C-3 located offshore the Islamic Republic of Mauritania.
Sumburgh Crash: Co-pilot’s training records showed difficulty with managing workload
Training records for the co-pilot of the fatal Sumburgh crash suggested he had experienced some difficulties during a course with "managing the workload and becoming overloaded" at times.
Celebrities pen open letter against fracking
Celebrities including Colin Firth and Mark Ruffalo have penned an open letter to UK Prime Minister David Cameron calling on him to stop fracking in communities that have already voted against it.
Sumburgh Crash: The victims and the survivors
Pilot error led to a fatal helicopter crash off Shetland that killed four people, the Air Accidents Investigation Branch said today.