The decline in the North Sea tax base raises further questions over the £1.2bn per annum uplift in windfall tax revenues which the government has ear marked to fund GB Energy.
Victoria Oil and Gas has been forced to suspend trading after a tribunal ruled against in relation to a dispute brought by a partner in Cameroon.
The oil and gas downturn of approximately five years ago where the price of a barrel of oil dropped to less than $30 led to thousands of employees in the sector being made redundant. Those who wished to remain in the sector had to be patient before ultimately securing further employment.
New UK Government measures to support the self-employed will cause “sleepless nights” for those North Sea workers who have been left in limbo, according to industry experts.
Optimism with reservation
I was asked to present a view on deal flow in Aberdeen. Not a bland “it’s getting better, albeit still challenging” comment, but something more realistic, perhaps more honest, based on what we’re seeing in the day-to-day.
Brexit stress tests show markets are reacting negatively to the conservative leadership election, according to a leading economist.
How does the US China trade war affect your business? Are you worried about how Brexit could impact you? And what does last week’s European elections and the ongoing Tory leadership battle mean for your firm?
A Subsea UK event in Aberdeen next week is aimed at helping companies finance their growth ambitions.
How will businesses fair after Brexit and where is the UK and Scottish economy headed after our impending divorce from the European Union?
Cameron Bruce, head of oil and gas at RSM, distils the key themes from Subsea Expo 2019.
Changes to off-payroll working rules will “acutely impact” the North Sea oil and gas sector, a tax expert has warned.
As 2017 rolls into 2018, there are lessons to be learned from the year just ended and expectations for the 12 months ahead. Oil, unconventional and renewables all earn a mention.