United Press International
British Chancellor of the Exchequer George Osborne announced a tax measure to entice operators to invest more in oil and natural gas fields in the North Sea. Osborne announced Friday that as much as $397 million in profits generated from mature oil...
International Business Times
Britain will offer new tax breaks to encourage investment in older oil and gas fields in the North Sea as the government, under pressure to stimulate growth, moves to revive a key part of the economy which has long been a driver of its prosperity.
Guardian Unlimited
George Osborne said the move would give oil companies 'the incentive to get the most out of older fields'. Photograph: Chris Jackson/PA George Osborne has undertaken a partial U-turn on his North Sea fiscal regime by unveiling a tax break for oil...