UK Chancellor George Osborne has confirmed a set of fiscal measures created to stimulate additional investment in the UKCS oil and gas industries.
UK Development | Offshore Post
UK North Sea oil & gas businesses seem set to benefit from a taxation boost, with announcements expected in the Autumn budget this week
The oil and gas industry has united in warning George Osborne that the UK North Sea faces a production wipe-out unless swift and decisive action is taken
Deloitte warns drilling in the North Sea will need to double in the next two decades if oil and gas industry’s recovery in UKCS is to reach full potential.
A combination of falling oil prices, declining levels of production and less exploration has led to market UK confidence dropping to a six-year low.
Malcolm Webb, CEO of Oil & Gas UK, has been in talks with Chancellor George Osborne and Danny Alexander MP about risks facing the UK North Sea
Chemicals giant Ineos has confirmed plans to invest £640 million in the exploration of UK shale gas. Ineos currently operates Grangemouth refinery
The British government is looking at plans to use the fracking industry’s proceeds to fund a ‘wealth asset fund’ designed to benefit communities.
Former BG Group director Andy Samuel has been confirmed as head of the new UK Oil and Gas Authority (OGA), tasked with maximising UK output.
Britain’s government has granted 134 licences for oil and gas drilling in 252 blocks of UK waters. The round is the 28th in UK waters since 1964.
A legal ruling over holiday pay is expected to have a significant impact on the HR policies of the UK North Sea gas and oil industries, costing billions.
Talisman shares dropped this week after it announced that its North Sea business had experienced a ‘challenging’ year, plus further deterioration.
The UK North Sea’s Golden Eagle Area Development has commenced oil production and currently producing 18,000 bbl according to Nexen Petroleum
BP and GDF Suez have confirmed the find of a new oil field in the UK Central North Sea, in block 30/1c, flow-tested to a maximum of 5,350 BoE daily.
A new report has confirmed that the sizeable Cygnus gas development will create nearly 1,500 jobs and inject over £1 billion into the British economy