Natural Gas

Merkel counters Poland’s concerns over Nord Stream 2

Merkel counters Poland’s concerns over Nord Stream 2

Germany’s Chancellor Angela Merkel has said she does not see Nord Stream 2, a gas pipeline between Russia and Berlin, as a threat to energy diversification – countering Poland’s views on the proposed project. Polish Prime Minister Mateusz Morawiecki has reached out to the US to impose sanctions on the […]

China and Scotland to work together on offshore technology

China and Scotland to work together on offshore technology

Leading oil and gas research organisations from Scotland are to travel to China to share knowledge, fortify ties and increase business. A delegation from the Royal Society of Edinburgh (RSE), the Oil and Gas Innovations Centre (OGIC) and DataLab will travel to meet innovation leaders in Beijing to look at […]

Calls for govt to reinvest into the North Sea following £1bn gains

Calls for govt to reinvest into the North Sea following £1bn gains

Members of the Scottish National Party (SNP) are urging the UK government to use this money to reinvest in the industry, Following the resurgence in the North Sea oil and gas sector, that is predicted to generate over £1 billion in taxes for the Treasury, members of the Scottish National […]

North Sea oil and gas to contribute £1bn to UK economy after hike in prices

North Sea oil and gas to contribute £1bn to UK economy after hike in prices

The UK’s North Sea oil and gas industry is set to contribute £1 billion in tax to the British economy during this financial year, following the significant gains prices have witnessed. In January, Brent crude prices hit $71 a barrel – a level not seen since the collapse of the […]

Energy supply to benefit from government boost to maritime sector

Energy supply to benefit from government boost to maritime sector

The UK government has agreed to double funding to train new recruits in the Maritime sector to £30 million per year. Nusrat Ghani, maritime minister, said the resources would be available through the Support for Maritime Training programme, which will now be able to increase its intake from 750 to […]

New report says offshore decommissioning a “poor deal” for Scottish taxpayers

New report says offshore decommissioning a “poor deal” for Scottish taxpayers

A recent report has found that decommissioning in the oil and gas sector is costing Scottish taxpayers huge amounts of money for a task that is not necessarily beneficial to the environment. The report has called for a review of the planned decommissioning and subsequent deconstruction of offshore oil and […]

US “exporting freedom” through coal, oil and gas

US “exporting freedom” through coal, oil and gas

US Energy Secretary Rick Perry has defended the recent tariffs imposed on imported solar panels by stating that America is exporting “freedom” through coal, oil and gas. During a sideline event at the World Economic Forum in Davos, Perry said there was no reason for the US to be concerned […]

PwC: enormous potential for tech on the North Sea

PwC: enormous potential for tech on the North Sea

The UK energy leader at PwC has high expectations of a new wave of technology that will hit the North Sea offshore industry. New technology being developed will have the ability to inform operators how healthy assets are in a safe and cost-effective manner, with the use of sensors and […]