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The Chancellor today announced proposals for a new field allowance for shale gas and an extension of the current ‘Ring Fence Expenditure Supplement’ rules to encourage development.
A broader range of tax allowances and a sustained high oil price boosted drilling activity on the UK Continental Shelf (UKCS) by one third in 2012, according to a new report by Deloitte.
Challenges like rising costs and increased demand uncertainty should not deter miners from making investments today to fulfil future global commodity requirements, according to a new report from Deloitte.
The draft Energy Bill represents the most fundamental set of reforms to the UK’s electricity market since privatisation, providing a new framework for supporting low carbon generation.