George Eustice argues that reducing quotas will result in more fish being discarded – at least until 2016, when a discard ban begins to be applied
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Thursday 14 July 2011
BP is spending £3bn to redevelop two North Sea oilfields, despite tax increases outlined in the Budget.
Wednesday 06 July 2011
The government has tweaked the tax rules for North Sea oil and gas production after the protests that greeted the tax increases outlined in the Budget.
Sunday 19 June 2011
Wednesday 01 June 2011
A 44ft (13.4m) sperm whale which became beached probably died because it got lost, a marine expert involved in the rescue bid said yesterday.
Saturday 28 May 2011
North Sea oil production has slowed to its lowest level since records began 15 years ago following the Chancellor's recent tax raid on the industry.
Tuesday 24 May 2011
EnCore Oil has cancelled the flotation of its new company, citing difficult market conditions due to Britain's recent decision to raise taxes for North Sea-focused oil and gas explorers. EnCore, which had earlier planned to float XEO Exploration, said the market's appetite for the UK North Sea had diminished ever since the tax raise was announced.
Friday 13 May 2011
Fears that the manufacturing revival is losing pace were confirmed in the latest data from the Office for National Statistics. The ONS said that manufacturing output rose by 0.2 per cent, better than the zero recorded in February but well below the usual monthly boost over the past year or so. A boost in North Sea gas volumes helped push overall industrial production up by 0.6 per cent over February, also below market expectations.
Thursday 12 May 2011
Outlook Lord make me chaste – but not yet. The Committee on Climate Change's report on Monday had an Augustine ring to it, suggesting that while offshore wind has a big role to play eventually in helping Britain meet its renewable energy commitments, the cost of the technology means relying on it for the 2020 round of targets might not be such a good idea.
Tuesday 10 May 2011
Centrica warned yesterday that the Government's surprise extra tax on North Sea oil and gas would hit profit growth this year and cause the company to scale back investment.
Thursday 05 May 2011
The Chancellor's decision to raise the tax charge on North Sea oil firms in his Budget in March came as a "huge shock" to the industry, a Parliamentary committee heard yesterday.
Monday 02 May 2011
Officials representing the UK's oil and gas industry will this week attempt to persuade the biggest multinationals against pulling investments from the North Sea in the wake of the Government's recent tax rise.
Exclusive: Young people ‘want UK to stay in Europe’: Four in 10 adults aged 18 to 24 are ‘firmly in favour’ of membership, poll shows
Fox News presenter tells viewers it is a 'fact' that both Jesus and Santa Claus are white
You can STILL be jailed for being a republican, government confirms, and it remains illegal to even 'imagine' overthrowing the Queen
Kiss and yell: Italian protester charged with sexual assault after kissing riot police officer
Fighting back: the woman giving a voice (and 49,999 others) to the victims of sexism - by giving an airing to their horror stories
PM denies two child limit for benefits is part of Tory welfare policy
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- 2 Sun will 'flip upside down' within weeks, says Nasa
- 4 Vitamin pills are a waste of money, offer no health benefits and could be harmful - study
- 5 Children evacuated from swimming pool after prosthetic leg mistaken for paedophile