OPERATIONS

UK fiddles over North Sea while shale industry burns

THE UK government is overhauling its fiscal regime governing the North Sea while the outlook for its also-critical shale gas industry languishes under endless fraccing enquiries, with government and local councils bowing to pressure from environmentalists.

Anthony Barich

UK fiddles over North Sea while shale industry burns

UK chancellor George Osborne has indicated he would introduce new tax breaks for the oil industry in the March 2015 budget, and the government may be able to legislate for such changes before the May 7...

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