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North Sea

Oil & Gas

Corbyn “open-minded” on tax relief for North Sea

Labour Leader Jeremy Corbyn has said he is “open-minded” on the issue of tax relief for the North Sea sector. He told Energy Voice's sister publication the Press and Journal yesterday he had not made a decision, adding: “I need to look at that.

Oil & Gas

Union vote set to close on OCA ballot

A ballot on whether North Sea workers should accept new conditions put forward by member companies of the OCA (Offshore Contractors Association) will close tomorrow. It comes after revised proposals were put forward after talks were held with Unite, the OCA and ACAS (Advisory, Conciliation and Arbitration Service).

North Sea

Dear Mr Robertson: ‘I’m living the crisis’

Austen Russell said MSP Dennis Robertson’s comments about the current state of the North Sea oil and gas industry felt like a “kick in the teeth”. The 38-year-old has been tirelessly looking for work every day since he was made redundant from his job with a pipe lay company last October where he worked as a technical supervisor. He had his first break in the industry 18 years ago when he started out as a well test trainee.

Oil & Gas

Moody’s predicts further upstream capital spending cuts in 2016

Moody’s said as commodity prices continue to slide, the global oil and gas industry will reduce capital spending and work towards leaner budgets this year. The investor’s service said lower commodity prices have led to deterioration in cash flows and liquidity, which has strained the already limited financial flexibility of oil and gas companies.