Shale gas could cut UK’s reliance on imports

The new shale gas field allowance will help the UK cut its reliance on imported gas and could make the nation energy independent. That’s the view of analysts at Inenco, who welcomed George Osborne’s plans to include shale gas as part of Britain’s energy future. The Chancellor said he wants the nation to tap into […]

Budget 2012: Osborne thirsty for North Sea oil

Chancellor of the Exchequer George Osborne has guaranteed tax relief for the decommissioning of North Sea oil and gas as he aims to stimulate investment in Britain’s energy sector. Mr Osborne said his 2012 Budget would support renewable energy, but warned that “environmentally sustainable has to be fiscally sustainable too.” Mr Osborne told Parliament he […]