Treasury accused of “abandoning” oil and gas industry
The Treasury is abandoning the UK’s struggling oil and gas industry by failing to provide short term fiscal support, according to an industry analyst.
north sea oil
Autumn Statement 2015: Can Chancellor offer fresh fiscal support?
As the Autumn Statement is announced this week, Derek Leith, UK head of oil and gas taxation at EY, has taken up the role of Energy Voice’s guest editor. Follow along each day as he spells out the challenges and triumphs the industry faces.
Gallery: Forties at 40
Energy Voice looks back through the archives to chart the evolution of the Forties Field, which began pumping oil 40 years ago.
Oil industry “may require further tax cut” says OGUK chief
The North Sea oil sector may need a further reduction in its tax bill if prices remain low, the head of an industry body has said.
Oil expert warns North Sea cuts may not be enough to encourage investors
Pressure has mounted on the Treasury to introduce further tax breaks for the oil and gas industry as new research reveals that cost-cutting may not be enough to ensure the North Sea is attractive to investors.
Oil industry tax cuts advocated by Scots Lib Dem leader Rennie
Liberal Democrat leader Willie Rennie has called for tax cuts for the oil industry and low and middle earners in an attempt to steer a centrist path through the left and right-leaning policies of his opponents.
Move the oil and gas policymakers to Aberdeen, new report says
Policymakers responsible for oil and gas industry taxation and regulation should be relocated from London to Aberdeen, a think-tank has said. Business organisation N-56 has set out a five-point action plan for the North Sea oil and gas industry in a letter to First Minister Nicola Sturgeon and UK Chancellor George Osborne.
Scottish independence: Industry academic backs ‘Yes’ vote
Academic Alex Russell has backed a Yes vote in next week's referendum, it was announced today.
New firm buys gas infrastructure
A new company launched by a US energy investment firm has bought a UK gas processing plant and says it has plans to buy more North Sea oil and gas infrastructure.