Roberto Abraham Scaruffi

18 March 2015

	Budget 2015: Sir Ian Wood says budget provides ‘lifeline’ for UKCS I believe the Budget does provide the essential lifeline from Treasury to enable industry to start rebuilding confidence and investment in the UKCS. Government are to be congratulated for recognising the need for this step change in the fiscal regime as essential to make the UKCS more internationally competitive

	Budget 2015: Guest Editor Derek Leith – At last some welcome news for the UK oil and gas sector As the Budget is announced this week, Derek Leith, UK head of oil and gas taxation at EY, has taken up the role of Energy Voice’s guest editor. Follow along each day as he spells out the challenges and triumphs the industry faces

	Budget 2015: Government backs Welsh tidal power plan The Government is backing plans for a £1 billion world-first scheme to provide green energy from the tides of the Severn Estuary. In a budget that also supports fossil fuels with £1

	Opinion: Early takes from the Budget As the 2015 budget is announced by Chancellor George Osborne, Energy's Editor Jeremy Cresswell gives his initial reaction to the measures which will be put into place for the North Sea oil and gas industry

Looks like Treasury was listening, but not hard enough        

	Budget 2015: Chancellor introduces raft of tax measures to boost North Sea industry The UK Chancellor has announced a raft of measures worth £1.3billion to help boost the North Sea oil and gas industry. George Osborne said there would be the introduction of a "single, simple and generous" tax allowance for the industry from next month, with the Government also investing in new seismic surveys in under explored areas of the UKCS (UK Continental Shelf)

	Norway’s Statoil plans four oil wells in Russia amid sanctions Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, showing Norway’s biggest energy producer is deepening its involvement in the country against the backdrop of international sanctions

	US stocks fall as oil price continues to slide A day after their biggest gain in six weeks, US stock indexes mostly fell yesterday as oil continued to slide and investors fretted over when the Federal Reserve will raise a key borrowing rate

	BG Group begins production from the Knarr field BG Group has started production from the Knarr oil field in the North Sea. The Petrojal Knarr floating production, storage and offloading (FPSO) vessel has been leased from Teekay Corporation and is morred approximately 120 kilomtres off the Norwegian costs

	Statoil hits gas at the Snefrid Nord prospect Norwegian operator Statoil has made a gas discovery in the Snefrid Nord prospect in the Norwegian Sea. The discovery well 6706/12-2 was drilled by Transocean Spitsbergen and proved a 105-metre gas column in the Nise Formation

	North Sea sees rise in assets for sale More than £4.7billion worth of UK North Sea assets are up for sale as high costs and the oil price collapse put their owners’ balance sheets under pressure, a report has found

	Budget 2015: Politicians call for North Sea tax measures John Swinney has urged the Chancellor to ditch his “fundamentally flawed“ economic policy and call an end to “deep spending cuts”. The Deputy First Minister also demanded George Osborne use his pre-election Budget to bring in a package of measures to help the North Sea oil and gas industry

	Energy firms' capitalisation hit by oil price decline The market capitalisation of Scotland’s oil and gas companies listed on the Alternative Investment Market (Aim) fell by 31.9% to £373.5million as the sector was hit badly by the falling oil price during 2014

	Debate blows hot and cold over windfarms issue A row broke out last night after a survey showed that the majority of people living in the north and north-east of Scotland support wind power. The industry claimed the results shot down the “vocal minority” of objectors who claim that most Scots are opposed to giant turbines dotting the countryside

	Dragon Oil gets buyout approach from Emirates National Oil Dragon Oil Plc, a Dubai-based explorer active in Turkmenistan, said its largest investor has made an offer to buy the shares it doesn’t already own. Emirates National Oil Co

	Talisman reduces 15% of head office jobs Talisman Energy Inc., the Canadian energy company being acquired by Spain’s Repsol SA, is cutting as much as 15% of its head office workforce as it reduces activity to contend with a collapse of crude prices

	Oil workers to be balloted over strike action