The data was revealed with the release of the Government Expenditure & Revenue Scotland (GERS) on March 9. According to that data, North Sea oil and gas revenue fell by 55% between the fiscal years 2013-2014 and 2014-2015. The revenue for 2014-2015 was just £2.25bn, less than half of the £4.8bn recorded in 2013-2014, and less than a quarter of the £10.9bn recorded in 2011-12.
Petrochemical firm Ineos has bought a second licence for shale gas exploration and development in central Scotland.
Independent Scotland’s prosperity hinges on five challenges
Scotland Steps Up Efforts to Promote Indigenous Production
Shell to cut 250 onshore jobs at its Scotland North Sea operations
Scotland’s shale potential ‘modest’ compared with England
Independent Scots would ‘start life with strong public finances’
French energy group Total expects prosecution for North Sea leak