Roberto Abraham Scaruffi

4 December 2014

	Video exclusive: Malcolm Webb interviews Danny Alexander on North Sea fiscal regime Oil and Gas UK chief executive Malcolm Webb sat down with the Chief Secretary to the Treasury, Danny Alexander in an exclusive interview for Energy Voice

	There are 300,000 Iraqi barrels signaling oil glut will deepen Not only is OPEC refraining from cutting oil output to stem the five-month plunge in prices, it’s adding to the supply glut. Just five days after the Organization of Petroleum Exporting Countries decided to maintain production levels, Iraq, the group’s second-biggest member, inked an export deal with the Kurds that may add about 300,000 barrels a day to world supplies

	Exclusive: New tax aid to spur oil and gas ventures Chancellor George Osborne has promised the first North Sea tax cuts in two decades – and said they would protect tens of thousands of jobs in the “vital” offshore sector

	Sub-$50 oil surfaces in US amid regional discounts Oil market analysts are debating if oil will fall to $50. In North Dakota, prices are already there. Crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49

	Video: Oil and gas tax expert from EY reacts to Autumn Statement The head of oil and gas for professional services firm EY said the Chancellor's announcement cold prove to be a "turning point" for exploration and production in the North Sea

	Work starts on Statoil's new Aberdeen HQ Work is under way on UK North Sea headquarters for Norwegian oil firm Statoil at the Prime Four business park in Kingswells, Aberdeen. A total of 60,000 square feet of office accommodation will house 200 employees of the company after it moves in early in 2016

	New Canadian contract for Hydro Group Aberdeen firm Hydro Group has been chosen to carry out cable repairs and to design and develop undersea infrastructure for Canada’s Department of National Defence

	Opinion: Will the 2014 Autumn Statement help re-energise the UK oil and gas industry? Chancellor George Osborne took the floor yesterday for what is the last Autumn Statement before the next general election, and probably the current Government’s final opportunity to impact the economy

	Opinion: Fuelling the future of North Sea oil and gas extraction We welcome the financial incentives named in yesterday’s Autumn Statement, which demonstrate that the Government has not only recognised the increased volatility of the North Sea oil sector stemming from falling global prices and diminishing reserves, but is taking action

	Opinion: UKCS is open for business We watched yesterday's Autumn Statement from the Chancellor George Osborne, with feelings of hope and trepidation. We understand the economic constraints under which today’s Autumn Statement is delivered and there’s consensus in our offices this afternoon that the  immediate reduction of two percentage points in its tax rate is an important first step towards improving the fiscal competitiveness of the UK North Sea – but, without question, more needs to be done