Response to UK Budget 2016
OIL TAX FACTS: Dispelling North Sea Oil Myths
Dispelling myths about North Sea oil taxes, jobs, profits and climate
UK Government Bails Out North Sea; Gives “Nothing to Solar”
Last week, the British Prime Minster, David Cameron, flew to Aberdeen, the oil capital of the UK to announce £250 million emergency funding to “prop up the North Sea oil industry”; which is reeling badly from the low oil price.
65,000 Jobs Lost in North Sea
The low price is affecting more mature areas of production too and nowhere is that more so than the British North Sea.
UK Budget: More Corporate Welfare for Oil
Oil companies demanded tax breaks in UK Budget, despite their eye-watering profit levels – OCI/Plaform analysis. UPDATED with the Budget announcement
Crude Oil Casualties Mount
Everywhere you look there is carnage in the oil industry as the reality of low oil prices begins to bite. From North America, to the North Sea and the Arctic, the low crude oil price is reshaping the size, shape and prospects of the industry.
Ghost of Brent Spar Haunts Shell
Twenty years ago the oil giant Shell was embroiled in two separate controversies, which still haunt the company to this day.
Gas Leak was “Impossible” Workers Told
First the good news. Over the weekend the French oil giant Total confirmed that the flare that had been burning on its abandoned Elgin rig in the North Sea had “extinguished itself.” The flare was causing real concern in case it ignited the escaping gas. With the flare out, Total has said it could begin … Read More
Chevron Safety Inspections Could be Compromised
Late last week, the British government gave the goahead for the American oil company, Chevron to start drilling a deepwater exploratory well as part of its Lagavulin project in the waters north of the Shetland Islands. In a highly controversial move, it is the first time the new British Coalition government has granted permission for … Read More
Shell Enters British CCS Race
Twelve years ago the oil giant Shell announced it had established a fifth core business – called Shell International Renewables or SIR- which was designed to exploit the growing renewable market. Over a decade later, the oil company has beat a humiliating retreat out of the main renewable market. In March this year Shell came … Read More