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.
|February, 16, 23:45:00|
|February, 16, 23:40:00|
|February, 16, 23:35:00|
|February, 16, 23:30:00|
|February, 16, 23:25:00|
|February, 16, 23:20:00|
AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.