SCOTTISH STRATEGY: INDEPENDENCE
Scotland is moving forward with its plans to promote indigenous gas production, examining the potentials of oil and gas discoveries in offshore areas to the west of the country.
'These maritime areas include the Solway Firth, the Firth of Clyde, the North Channel and the Sea of the Hebrides,' reads a note released by the Scottish Government on Sunday.
The government is seeking cooperation with industry and academia to maximise returns from 'underexplored offshore areas.'
As part of its strategy to push for the independence, the Scottish Government is willing to prove that forecasts of future revenues from North Sea by the British Government are 'pessimistic.' Doing so, it intends to prove its citizens that an eventual independence would be economically viable.
In this context, the Scottish Government will co-host a workshop with Heriot Watt University's Institute of Petroleum Engineering. The workshop will also be attended by the industry.
"Stimulating oil and gas activity to the west of Scotland could create employment and further increase the longevity of the industry in the country. Furthermore, any future activity will be supported by Scotland's world-class indigenous supply chain with forty years of experience in the North Sea. However, only with independence will the Scottish Government have the full economic powers to stimulate exploration activity in Scotland's waters to fully develop the country's oil and gas resources," Fergus Ewing, Minister for Energy, Enterprise and Tourism, commented on Sunday.
|March, 19, 08:19:00|
|March, 19, 08:15:00|
|March, 19, 08:10:00|
|March, 19, 08:05:00|
|March, 19, 08:00:00|
|March, 18, 11:45:00|
PENNENERGY - The Trump administration accused Russia on Thursday of a concerted, ongoing operation to hack and spy on the U.S. energy grid and other critical infrastructure, and separately imposed sanctions on Russian officials for alleged high-tech interference in the 2016 American presidential election.
IAEA - IAEA Director General Yukiya Amano commended efforts by Pakistan to increase nuclear safety and security as the country works to triple its nuclear power capacity. Prime Minister Shahid Khaqan Abbasi commended the IAEA for the support provided to Pakistan in the use of peaceful nuclear applications. Pakistan “was ready to further strengthen its partnership with the IAEA and contribute towards the achievement of the Sustainable Development Goals worldwide,” the Prime Minister said.
PLATTS - "The increase in competition induced new practices in the market that resulted in imports returning to normal," Petrobras' Jorge Celestino said during a presentation of the company's 2017 financial results.
PLATTS - The objective of this program is to increase its domestic refinery utilization rates to 90% from current levels of 10-20%, Kragha said speaking to Platts in Cape Town on the sidelines of the African Refiner Association conference.