New Energy Minister Richard Harrington has told oil and gas leaders they have the 'full support' of the UK government in maximizing the economic opportunity in the North Sea during his first visit to the region in his new ministerial post鈥
After a thoroughly no good, very bad, couple of years for Brazil, the country is on the path to reform, and the first part starts with the country鈥檚 coveted pre-salt. Audrey Leon reports on what the opening means for the country and its state-owned oil company鈥
Mid-March, the UK Government made a headline grabbing announcement 鈥 taxes would be halved for the ailing North Sea industry. Chancellor George Osborne said he would cut a supplementary charge on operators (a tax in addition to corporation tax) from 20% to 10%鈥
A UK Government funded project to acquire new seismic data over underexplored areas of the North Sea in a bid to boost exploration in the basin has completed. The £20 million program saw WesternGeco acquire 20,000km of new 2D seismic shot over 200鈥
The Norwegian government has said it expects oil and gas investments to fall nearly 21% by 2017, from a record high last year, in its 2016 budget, budget outlined 7 October. With prices expected to remain low in the short-term, the pain is set to continue for the country鈥
Chancellor George Osborne (pictured) has thrown a bone to the North Sea oil industry in his Summer Budget speech today (8 July). Osborne confirmed that the UK Government plans to broaden the types of investment qualifying for the Investment Allowance and cluster area allowances鈥
North Sea industry stakeholders have called on UK Chancellor George Osborne (pictured) to introduce additional measures to support the ailing oil and gas sector. The Chancellor is due to unveil his Summer Budget tomorrow (8 July). It鈥
The National Ocean Industries Association (NOIA) has promoted Megan Bel Miller to VP for government and political affairs. She will lead NOIA's congressional relations and political action committee. Miller joined the NOIA staff in May 2013 as senior director of government & political affairs鈥
London-based junior explorer Sterling Energy is challenging the expiration of its first renewal period on the Ntem concession offshore Cameroon. The firm declared a force majeure on the 100% owned Ntem concession in May 2014, due to its鈥
UK Chancellor George Osborne has announced a package of measures to support the North Sea oil and gas industry, which he said was in 鈥減ressing danger鈥 from low oil prices. Presenting the UK鈥檚 2015 Budget, Osborne (pictured) said: 鈥淚t鈥檚鈥
UK North Sea industry body Oil & Gas UK has said called on the UK Government to abolish a 30% charge on oil and gas producers as oil fell to its lowest prices in nearly six years. The body says oil and gas producers in the basin are unable to cover their costs at US$50 a barrel鈥
Middle East and North Africa focused oil and gas exploration and production firm Circle Oil is the latest to announce it has received a debt repayment from the Egyptian government. The company received US$15 million, as part of the recent鈥
The UK Government's Department for Energy and Climate Change has launched £2.5 million funding to encourage development of CO2 storage in the North Sea. The cash will help companies identify sites under the sea to store the CO2 emissions from coal and gas power stations鈥
Less than one year into his tenure as the President and CEO of KBR, Stuart Bradie will spend up to US$1 billion to streamline and reorganize the energy engineering and construction giant following the results of a strategic review he initiated in June鈥
The UK Government has announced that 134 licenses, covering 252 blocks, are being offered in the 28th offshore licensing round. Statoil, Total, Nexen, and EnQuest have the largest haul of operated licenses offered. A large number of smaller鈥
