OBR lowers forecast for UK oil and gas revenues
A new report has lowered forecasts for UK oil and gas revenues by an average of £600million per year to 2024.
Philip Hammond
Stable tax measures are welcomed by oil industry
The oil and gas industry welcomed the chancellor’s announcement on stable tax measures and plans to make Scotland a “global decommissioning hub”.
UPDATED: North Sea tax regime to be maintained, confirms Chancellor
The UK Chancellor has confirmed the North Sea tax regime will be maintained, putting to rest concerns over a potential cut as the oil price stabilises.
‘No-deal’ Budget prepared
Philip Hammond has warned that the UK economy will have to strike out in a “different direction” if the Government is unable to agree a Brexit deal with Brussels.
Budget talks continue over whisky and oil taxes ahead of spending announcement
Chancellor Philip Hammond was continuing behind-the-scenes talks on Friday night over the future of whisky and oil taxes in advance of his Budget on Monday.
Budget overshadowed by gaffe on unemployment
Chancellor Philip Hammond has been branded “out of touch” after he was forced to clarify his remark that “there are no unemployed people”.
Sir Ian Wood: Autumn budget must deliver decom tax relief change
Sir Ian Wood has called on the UK Chancellor to deliver concrete change in the North Sea's decommissioning tax liabilities.
Philip Hammond leads India trade mission to boost business ties ahead of Brexit
Chancellor Philip Hammond will start a major trade mission to India by flying the flag for Britain’s financial services industry as he looks to secure a business boost post-Brexit.
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.
Budget 2017: Follow it live
Energy Voice is here to take you through the Chancellor of the Exchequer’s spring budget. Keep checking back for updates, live analysis, the best of the tweets and more as it happens. Our guest editor, oil and gas taxation specialist Derek Leith will also be live tweeting the budget as it happens here.
Updated: Hope dawns for ‘vital’ North Sea tax relief
Hopes that the Treasury might deliver a boost to the beleaguered North Sea in today’s Spring budget have been raised by plans to help the “vital” oil and gas industry.
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.
Philip Hammond in Gulf trade mission will meet major oil firm
Philip Hammond has embarked on a two-day New Year tour of the Gulf in a bid to strengthen economic relations with the UK’s allies in the region ahead of Brexit.
Opinion: Lack of detail on UK Government commitments to North Sea ‘a worry’
It would seem logical that if the UK’s once largest corporation tax payer was going through a difficult time, the UK Government should be trying to do all it can to support it and boost growth and future developments.
Government presses Iran over detained British oil consultant
The Government is calling for the release of a British pensioner described by his family as “one of the oldest and loneliest prisoners in Iran”.
First Minister urges Westminster to reconsider subsidies decision
Scotland's first minister has urged the UK Government to reconsider its decision to end subsidy payments for onshore windfarms a year early.