Premier Oil

Kiran Stacey

The tension between oil companies and George Osborne surrounding North Sea oil taxes has erupted into war.  Read more

Kiran Stacey

George Osborne, the UK chancellor, has just announced his tax measures for the next year, and the biggest surprise came with a cut to fuel duty, to be funded by extra charges on oil and gas companies if the oil price remains over a certain price somewhere around $75 a barrel. The supplementary charge for such companies will now go from 20 per cent to 32 per cent. Read more