The UK Government has been warned a rush to early decommissioning in the North Sea could result in “tragedy” for the future development of carbon capture and storage (CCS) technology. Ministers were also urged yesterday to draw up comprehensive strat… Read More
New measures to plug a tax loophole widely exploited in the public sector to disguise employees as freelancers could be used to tackle similar practice in the oil and gas industry. Chris Sanger, head of tax and policy at global accountancy giant EY, … Read More
The top of the oil market may be closer than you think. With Brent futures having bounced back to $40 a barrel, the International Energy Agency sees “light at the end of the tunnel,” and Goldman Sachs Group Inc. is spotting “green shoots.” Even so, m… Read More
EY’s head of oil and gas taxation gives his quick round-up of the changes made by the UK Government to support the North Sea oil and gas industry. Earlier today, Chancellor George Osborne said the Supplementary Tax would be reduced from 20% to 10% wh… Read More
Chancellor George Osborne says the Supplementary Tax will be reduced from 20% to 10%, while also revealing he will “abolish” the Petroleum Revenue Tax. The politician delivered the new range of measures to help support the North Sea oil and gas indus… Read More
Oil major’s BP and Shell have backed the changes implemented by the UK Government to help support the North Sea oil and gas industry amid the global decline in oil price. Chancellor George Osborne today revealed the Supplementary Tax would be reduced… Read More
Investigators have revealed it took just 30 seconds for a routine helicopter flight to turn into a tragic disaster. The CHC-operated Super Puma plunged into the sea off Shetland because its crew failed to monitor cockpit instruments properly. Sarah D… Read More
