Labour confirms budget funding for HAR1 green hydrogen projects
The UK Labour government has confirmed £2 billion of funding for 11 green hydrogen projects in its Autumn Budget.
Chancellor
‘We’ve waited too long’: Peterhead Port tells Chancellor to speed up as Acorn CCS delay rumbles on
A Peterhead industry boss has told the Chancellor to pick up the pace on support for the Acorn CCS project – warning the region has “waited too long for this as it is”.
North Sea bosses seek urgent windfall tax meeting with new Chancellor Zahawi
North Sea industry leaders are seeking an urgent meeting with the new Chancellor, Nadhim Zahawi, on the windfall tax.
OBR cuts forecast for North Sea tax receipts
The Office for Budget Responsibility (OBR) has cut its forecast for North Sea oil tax receipts to the UK Treasury.
Chancellor to halt plans for overhaul of UK energy industry
Chancellor of the Exchequer Philip Hammond is blocking a set of government proposals to overhaul the U.K. energy industry because of the potential spending implications for a new prime minister, people familiar with the matter said.
Net zero carbon the right thing to do, says No 10 despite £1 trillion warning
Downing Street has defended the need for ambitious action to tackle climate change after warnings from the Treasury that cutting the UK's greenhouse gas emission to zero by 2050 will cost £1 trillion.
North Sea tax breaks unlikely to be targeted in next Budget
The Treasury is unlikely to reverse North Sea tax breaks in the upcoming Budget amid industry warnings it could cause “irreversible damage”, it emerged last night.
Promoted: The day the ledger book died
Some businesses may have won a delay in the Spring Budget, but others now must embrace technology or face the wrath of the tax man, writes Susie Walker
UK Govt launch discussion paper on possible tax relief for late lift North Sea assets
The UK Government has launched a discussion paper on possible North Sea tax relief for late life assets.
Stay in the know with Energy Voice’s Friday Five
Catch-up on all the week’s top news with Energy Voice’s Friday Five. Scroll through our gallery to see what oil and gas tax specialist and EV’s guest editor Derek Leith chose as his top picks of the week.
Unions want involvement in tax regime talks
Unite claims offshore trade unions "must" be represented on the expert panel proposed by the Chancellor of the Exchequer.
Budget 2017: New T-Levels welcomed by OGUK
New “T-Levels” are to be introduced as part of a fresh bid to give technical training equal standing to academic education, the Chancellor has confirmed.
Chancellor delivers hope for North Sea
The Chancellor to the Exchequer has delivered hope for late life North Sea assets and the firms who will be tasked with their decommissioning, according to an industry expert.
Derek Mackay: UK budget must do more for North Sea oil and gas industry
Although there are encouraging signs that confidence is beginning to return to the oil and gas industry, the UK Government must do more to ensure its recovery.
Chancellor signals cautious approach to spending in budget
Chancellor Philip Hammond has signalled he will take a cautious approach to spending in Wednesday’s Budget.
Opinion: Callum McCaig – the weight of the North Sea is on Chancellor ahead of budget
Each time a report or study is published on maximising the UKCS potential and securing a stronger, higher oil price in the future we see one glaring similarity: the importance of increased productivity.
Osborne backs BP shareholders revolt over pay deal
George Osborne has said he is glad BP shareholders rejected a £13.8 million pay deal for the oil giant’s chief executive Bob Dudley in a symbolic vote.
Swinney warns Chancellor against ‘unnecessarily stringent’ fiscal targets
Scotland’s Deputy First Minister has warned the Chancellor against continuing to pursue “unnecessarily stringent fiscal targets” ahead of the Budget on Wednesday. John Swinney urged George Osborne to instead use limited borrowing to stimulate economic growth, after the Chancellor paved the way for fresh spending cuts, stating that savings equivalent to 50p in every £100 the Government spends need to be found by 2020.
Budget 2016: Law firm adds to North Sea pressure on the chancellor
Oil and gas experts at international law firm Pinsent Masons are calling for a package of North Sea concessions to be unveiled by Chancellor George Osborne during this week’s Budget.
World must ‘choke off’ Islamic State oil cash
The international community must take concerted action to “choke off” funding to Islamic State (IS), Britain has warned. Chancellor George Osborne and Foreign Secretary Philip Hammond said it was essential that jihadists - who have seized control of vast oilfields in Syria and Iraq - were isolated from the international financial system. Writing in The Daily Telegraph ahead of a meeting of United Nations Security Council finance ministers in New York to discuss action against IS, they said weaknesses in IS’ funding network must be exploited.
Chancellor ‘tinkered’ around edges to halt North Sea oil slump
George Osborne was under fire last night after failing to offer any new Budget incentives to address the slump in North Sea exploration.