North Sea – Energy Voice | fuelling the conversation
KPMG has said that ground-breaking new oil and gas tax rules would create a “level playing field” for North Sea investors. Mark Andrews, UK head of oil and gas at KPMG, said yesterday’s announcement from the Chancellor was “pleasing” as existing decommissioning tax rules have been a barrier to attracting new investment to the North Sea. […]
A ground-breaking new tax break for the oil sector will revitalise the North Sea and pave the way for a flurry of deals, industry experts said yesterday. They said the UK Government’s decision to let firms transfer tax credits would attract fresh investment to the basin and prolong production from mature fields. Industry bodies said […]
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The Oil and Gas Technology Centre (OGTC) in Aberdeen has appointed Roger Esson as Decommissioning Solution Centre manager. Mr Esson is currently the chief executive of Decom North Sea and has over 20 years’ experience of working within leadership positions within the oil and gas sector internationally. He has worked on numerous projects, including several […]
Buoyed by Chancellor Philip Hammond’s Budget announcement concerning North Sea tax reform, Jamie Stark, partner at Burness Paul, released a call to arms to operators within the north-east. For months, industry leaders and politicians have been calling for the reform to make it easier to sell mature oil and gas fields. Yesterday, Chancellor Philip Hammond […]
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The Chancellor’s pledge to reform oil and gas tax law could help revitalise the North Sea, an industry tax expert said. For months, industry leaders and politicians have been calling for the chancellor to allow decommissioning tax relief to be transferred to the new owner when an asset is sold. They said the reform would […]
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The oil price decline of 2014 forced the global oil and gas industry to take a large step back and look at many of the ways it operated – nowhere more so than in one of the world’s most mature basins: the UK Continental Shelf (UKCS). Significant progress has been made in the interim, with […]
The post Opinion: North Sea must continue to build on oil price plunge’s legacy appeared first on Energy Voice.
Scottish Green co-convener Patrick Harvie last night announced his dissatisfaction with Chancellor Philip Hammond’s Budget decision to reform the North Sea tax system. Harvie said further tax breaks for the North Sea would damage environmental efforts from the UK Government. In his Budget statement Hammond said he hoped the change in tax situation would encourage future […]
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Bob Ruddiman, head of oil and gas at legal firm Pinsent Masons, has welcomed Chancellor Philip Hammond’s Budget tax reform on Transferable Tax Histories for North Sea oil and gas operators. For months, industry leaders and politicians have been calling for the reform to make it easier to sell mature oil and gas fields. Yesterday, […]
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Oil and Gas UK (OGUK) has welcomed the government’s decision to introduce transferable tax history for the oil and gas sector. For months, industry leaders and politicians have been calling for the reform to make it easier to sell mature oil and gas fields. Today, Chancellor Philip Hammond said transferable tax history would be introduced for the […]
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