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View Full Version : Oil & Gas UK 'Greatly Encouraged' by Tax Relief


lastlid
26th July 2012, 11:27
Quite interesting after the decommissioning of the Shell Lima gas platform, off the coast of Norfolk, recently.....

"UK energy industry association Oil & Gas UK is "greatly encouraged" by UK Chancellor of the Exchequer George Osbourne's announcement Wednesday for tax relief to support investment in new large shallow-water gas fields in the UK North Sea, the group said in a statement on Wednesday.


http://www.rigzone.com/news/oil_gas/a/119571/Oil_Gas_UK_Greatly_Encouraged_by_Tax_Relief
subseastu
26th July 2012, 12:12
Think we'll see an increase in fragging as well, apparently a large block has been sold down in east kent already. The states wil go for fragging in a big way, rumours are they have a bigger reserve than the middle east and could soon become self sufficient. Wonder how that would affect their wars for bringing "democracy" to the middle east?
lastlid
26th July 2012, 12:38
Think we'll see an increase in fragging as well, apparently a large block has been sold down in east kent already. The states wil go for fragging in a big way, rumours are they have a bigger reserve than the middle east and could soon become self sufficient. Wonder how that would affect their wars for bringing "democracy" to the middle east?

Yes, there is a heap of shale gas in the UK. They just need to make sure it is brought to the surface without contaminating water supplies or scaring the locals with mini earth quakes. :omg:
lastlid
27th July 2012, 11:29
Looks like Centrica are going to develop a gas field up off the coast of Humberside and Hartlepool in just 76ft of water.


http://www.bbc.co.uk/news/uk-scotland-scotland-business-18989317
grahamw48
27th July 2012, 11:34
I has to make more sense being as self-sufficient as possible. :)
Terpe
27th July 2012, 20:17
I believe this is so much better than 'importing' from Russia :rolleyes:
grahamw48
27th July 2012, 20:32
Indeed...where they have us over a barrel, if you'll pardon the pun. :NoNo:
lastlid
27th July 2012, 20:39
I believe this is so much better than 'importing' from Russia :rolleyes:

Yes. Its a good move for both employment in the UK and the gas consumer.
lastlid
27th July 2012, 20:39
Indeed...where they have us over a barrel, if you'll pardon the pun. :NoNo:

A barrel of gas?
grahamw48
27th July 2012, 20:58
A barrel of gas?

Oops...didn't think before piping up.:doh
lastlid
27th July 2012, 21:46
A barrel of laughs?

A barrel of beer?

A barrel of monkeys...

But not a barrel of gas :NoNo:
grahamw48
27th July 2012, 22:03
Depends on the Lager.:)
lastlid
27th July 2012, 22:12
Depends on the Lager.:)

Yes...:icon_lol: