Industry welcomes latest allowance
Industry leaders have welcomed a new North Sea oil and gas tax allowance announced by Chancellor George Osborne.
supplementary charge
Has trust been restored? Let us hope so
As the dust settles on another budget, and the "Granny Tax" occupies fewer column inches, it is good to reflect on where we are in the evolution of the UK Continental Shelf (UKCS) fiscal regime.
Budget is welcome news for oil industry
Wednesday's UK Budget should be welcome news to an industry which took a massive knock in 2011 but is starting to get back on its feet.
CNR increasing capex in 2012
CANADIAN Natural Resources International (CNR) said today it was boosting investment in Africa after cutting spending in the North Sea in the wake of this year's tax grab on oil and gas producers.
ConocoPhillips benefits from higher oil prices
US oil and gas group ConocoPhillips said today the UK Government's North Sea tax grab had cost it an additional £68million in taxes.
Windfall oil tax ‘did great damage’
ALEX Salmond has called for new legislation to stop the UK Treasury imposing shock tax increases on the oil and gas industry.
‘Tax on third-party access should be cut’
Earlier this year, Endeavour International became the first operator to ask the Department of Energy and Climate Change (DECC) to rule on a UK North Sea pipeline access price disagreement. The target was Canadian group Nexen.