North Sea Oil
‘What planet are these people on?’: Green MSP slams forecasts for north sea oil extraction until 2050
Wightman comments in contradiction to SNP, which welcomed the new report
SCOTTISH GREENS MSP Andy Wightman has criticised a new report forecasting increased oil & gas extraction from the north sea up until 2050, after the UN’s International Panel on Climate Change report just two weeks ago argued that the world economy needed to be carbon neutral by at least the mid-century to prevent catastrophic and irreversible climate change.
UK Government slammed for losing out on £500bn North Sea wealth fund
If a North Sea wealth fund had been set up in the 1980s, it would be worth over half a trillion pounds today, the IPPR estimates
THE UK GOVERNMENT missed its chance to establish a wealth fund based around North Sea oil which would today be worth over £500bn, according to the Institute for Public Policy Research (IPPR).
David Carr: The truths and irrelevancies about Scottish oil
Commonspace columnist David Carr talks about the so-called 'grievance culture' surrounding oil - and why we must find a constructive way forward
MENTION of oil always sparks an interest in Scotland as the backbone of a strong economy. Historically it has been mismanaged, but what should be done about this?
“Largest undeveloped” oil field discovered west of Shetland Isles
Hurricane Energy claims one billion recoverable barrels of oil could be extracted from new find
SCOTLAND’S North Sea Oil industry has received a boost with the discovery of substantial new reserves 60 miles west of the Shetland Isles.
Hurricane Energy, which made the find, hopes to begin extraction of a projected one billion barrels of oil in 2019. The new find has expanded the area over which oil fields are being surveyed in the North Sea.
Hurricane CEO Dr Robert Trice said: “This is a highly significant moment for Hurricane.
Jeremy Corbyn announces economic development conference in Scotland
Labour to launch an economic development conference in Scotland that will provide a “clear, economic alternative” to winning back power
LABOUR LEADER Jeremy Corbyn is to launch an economic development conference in Scotland in order to develop an economic strategy aimed at rejuvenating the north-east of Scotland.
No date has been set, but Corbyn told activists at the Labour conference that shadow chancellor John McDonnell would also travel across the UK to gather ideas.