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23 May 2017

The nuances of input VAT recovery

by Prem Mehta, senior manager - indirect tax and Prinal Nathwani, manager -tax disputes Central to the operation of the VAT system is the fundamental principle that a fully taxable business has the right to recover the VAT that it incurs. In short, it should not have to face the...

31 March 2017

Capital investment is key to UKCS recovery

By Alan McCrae Recent musings in the UK Oil & Gas industry have suggested that there are some green shoots of a limited recovery popping up. Indeed Oil & Gas UK’s (OGUK) 2017 Business Outlook, released last month, certainly supports that view - large scale improvements in cost efficiency and...

24 February 2017

Cautious Optimism - the way forward for the global oil & gas industry

By Kevin Reynard On Tuesday, 21 Feb 2017, I had the great pleasure to speak at International Petroleum (IP) Week which is one of the flagship events on the oil and gas conference circuit. Many of the leading companies and industry bodies in the sector are there and it is...

09 December 2016

The Connected Home: Is It Anyone’s Game?

By Steve Jennings & Jonathan Scott Our work on the Connected Home has identified 10 different developments that likely represent the practical reality of the future of the connected home. Today we launch our thinking on the final five developments we have identified.[1] These developments are the 10 kinds of...

01 December 2016

A Sea Change: six months on

By Kevin Reynard Back in June of this year, we published our report “A Sea Change - the future of North Sea Oil & Gas”. The report was well received by industry stakeholders, protagonists and commentators, with the power of its message being that the key themes and ideas were...

31 October 2016

Power Shifts: Are utilities prepared for the low carbon transition?

By Volker Beckers and Jonathan Grant With governments aiming to limit warming to well below two degrees, the low carbon transition will need to be rapid and in all countries. But what might that transition look like? Our Low Carbon Economy Index (LCEI) model calculates the decarbonisation rate needed and...

27 October 2016

Time to Simplify the Landscape?

By Alison Baker & Craig Stevens When we wrote “A Sea Change – the Future of North Sea Oil & Gas” back in June, our discussions with key industry protagonists led us to consider several different methodologies which might encourage collaboration and closer working relationships in the UKCS and beyond....

18 October 2016

How can SMRs contribute to the UK?

By Karen Dawson and Will Harrison-Cripps There is a lot of talk about Small Modular Reactors (SMRs) at the moment. The United States Government has put money into development of specific technologies and has identified a site and the Chinese have stated that they will have floating SMRs built by...

17 October 2016

Doing Business in a low oil price environment: The impact on Africa

By Ayesha Bedwei World oil prices have declined significantly over the last couple of years from a high of US$ 115 in June 2014 to less than US$ 35 in February 2015. To say that this development has ruffled some feathers is an understatement. Causes of the price drop are...

11 October 2016

Effectively managing the indirect tax challenges – Part 2

By Prem Mehta & Jason Wellden The UK’s decision to leave the European Union (“EU”) is likely to present challenging issues for UK-based businesses from an indirect tax perspective. In this blog, we continue to explore the potential indirect tax implications and what they might mean from a practical standpoint...