Subscribe free to our newsletters via your
. Oil and Gas News .




OIL AND GAS
Scotland: Unity needed during oil slump
by Daniel J. Graeber
Aberdeen, Scotland (UPI) Sep 17, 2015


disclaimer: image is for illustration purposes only

The Scottish government and industry leaders need to work together to overcome problems facing the energy sector, the Scottish energy minister said.

Nearly 1,000 people attended an energy conference in Aberdeen focused on employment, innovation and improved performance. Scottish Energy Minister Fergus Ewing said its incumbent upon government and industry leaders to work together to overcome current market challenges.

"There is a shared determination within the industry to collaborate and overcome the challenges currently besetting the industry, which have been exacerbated by the low global oil price," he said in a statement.

Ewing this week called on his British counterparts to make good on commitments to support the oil and gas sector. British regulators expect producers could pull another 22 billion barrels of combined oil and gas out of the North Sea, though the Scottish government has expressed reservations about London's approach.

The Scottish government said in a May letter to British Chancellor George Osborne that the government in London has a chance to "right a wrong" by advancing a more transparent fiscal regime over the regional oil and gas sector.

Ewing at the time said reforms could stimulate investments by as much as $55 billion and support as many as 26,000 jobs.

Last week, industry body Oil & Gas U.K. said in an annual report new spending in exploration and production is expected to fall by up to $6 billion per year over the next three years for its lowest levels since the 1970s.

Employment in the British energy sector is down about 15 percent since the start of 2014 and the group said the industry will continue to face an uncertain future.

Scotland pegged its future during a bid for independence on revenue from oil and gas reserves in the North Sea. The bid failed last year and the government in January said the region's energy sector needs a predictable set of governing policies in order to thrive.

An opinion piece in The (Scotland) Herald said it was a fool's errand to put so much emphasis on the issue.

"Scotland is simply not in control of a game that may have serious consequences," it said.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Upton: U.S. oil policies should match shale era
Washington (UPI) Sep 15, 2015
As the full House Energy and Commerce Committee considers lifting a ban on U.S. crude oil exports, a congressman said it's time policies match the shale era. By a voice vote last week, the Republican-led House Subcommittee on Energy and Power advanced legislation that would lift the ban on crude oil exports. The full House Energy and Commerce Committee considers the measure late ... read more


OIL AND GAS
New wearable technology can sense appliance use, help track carbon footprint

British study finds new potential for carbon storage

How to curb emissions? Put a price on carbon

Hong Kong's Li overhauls business by merging utilities firms

OIL AND GAS
Breakthrough observation of Mott transition in a superconductor

Rat race over Scandinavia's household waste

New ORNL catalyst addresses engine efficiency, emissions quandary

Study: Efficient new catalyst may pave way for hydrogen economy

OIL AND GAS
Biodiesel made easier and cleaner with waste-recycling catalyst

Potential of disk-shaped small structures, coccoliths

Water heals a bioplastic

Waste coffee used as fuel storage

OIL AND GAS
China playing central role in nuclear power development: IAEA chief

EDF says UK nuclear plant not running to schedule

Kenya signs China nuclear power deal

Japan nuclear plant begins commercial operations

OIL AND GAS
How to beat the climate crisis? Start with carrots

Should countries honor their climate debts

Can fertilized phytoplankton help cool the planet?

Clues from ancient Maya reveal lasting impact on environment

OIL AND GAS
Hyundai cautious on prospects for self-driving cars

China clouds European optimism as IAA auto show opens

German automakers feel pinch from Chinese slowdown

Auto industry shows off car cockpit of future at IAA

OIL AND GAS
Iraq PM removes 123 officials amid reform drive

Gunmen in Iraq kidnap deputy justice minister

Iraq defence minister unharmed in sniper attack

Iraq soldier killed in search for Turk abduction suspect

OIL AND GAS



The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.