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BP and Premier Oil gush on oil-friendly tax relief
BP and Premier Oil celebrated a red-letter day, as they each followed up on an oil-friendly Budget with upbeat announcements.
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Oil industry warns of declining North Sea production
Oil production in the North Sea experienced a stark decline in 2011, according to industry body Oil & Gas UK (OGUK).
Chancellor announces North Sea oil tax relief
Oil and gas firms operating in the North Sea will be guaranteed tax relief for the costs of retiring old rigs and platforms and be given new field allowance totalling �3 billion for large and deep fields to open up west of Shetland.
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Monday's AIM news: Oil & gas
Magnolia Petroleum (MAGP) has acquired an oil and gas lease, comprising a 12.5% working interest with a 9.375% net revenue interest, in Oklahoma.
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Budget 2012: Oil companies enjoy unintended North Sea tax 'windfall'
Premier Oil said it had taken the "tough" decision to go ahead with the Solan project prior to the Budget. It had anticipated reaching final decisions on three similar fields it was "very keen on" this year, which, pending policy details, the Budget ...
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South Africa looks for alternatives to Iran oil
The South African government plans to have alternatives to Iranian oil in place by the end of May as western powers tighten sanctions against the Islamic republic, the country's energy minister said on Tuesday.
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Faroe Petroleum, Xcite Energy and Valiant Petroleum: Three North Sea oil ...
It has access to an extensive database of 3D images of the central North Sea and uses them to identify oil and gas prospects that are likely to be commercial.
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Welsh wonders pay tribute to the late, great Jocky Wilson
And the other wee man of darts, the man currently dominating the sport with the iron grip of Joseph Stalin (in a good way) led the tributes in Cardiff in the latest instalment of the Premier League. The wee man, Phil Taylor, who has eclipsed the 80s ...
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Falklands Oil & Gas unveils new investment
Falklands Oil and Gas (FOGL) has granted an unnamed party an option to invest in the company's licence areas to the south and east of the Falkland Islands.
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How CFDs can shield your gains from the taxman
The approach of a new tax year is a reminder that it's time to protect the gains you may have accrued in the current year - from the disposal of assets such as shares, funds or perhaps a second property - that could be liable to capital gains tax ( CGT ).
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