I’m writing this column with a painful and poignant date at the forefront of my thoughts.
Yesterday we discovered a massive black hole in Alex Salmond’s economic case for independence. Sir Ian Wood, one of the world’s foremost oil industry experts, issued a clear warning about the Scottish Government’s projections for North Sea oil extraction. He said that their prediction that 24 billion barrels of oil still remain to be extracted from the North Sea is between 45% and 60% too high. His view is that the correct figure is between 15 and 16.5 billion barrels remaining.
Work is poised to begin on creating the world’s biggest tidal energy scheme in the Pentland Firth after a funding deal was agreed. The £50million investment in the Meygen project was hailed last night as key to cementing the north as a “global leader” in the sector.
This week Energy Voice exclusively sat down with Sir Ian Wood when the industry veteran broke his silence regarding the monumental September 18 vote for the first time ever. Here is a round-up of some additional highlights from the exclusive interview, where he discusses the likelihood of an oil fund, the role of decommissioning and the future of onshore exploration.
On August 23 last year four people died when a CHC-operated Super Puma L2 plunged into the sea two miles from Sumburgh Airport.
Independence would give Scotland a second chance to harness its oil wealth for the “benefit of the nation”, a Scottish Government report has claimed.
Sir Ian Wood’s explosive intervention in the independence debate is being hailed by Labour as “the most important moment of the campaign”. Energy Voice’s exclusive interview with the Aberdeen-based oil services businessman set the agenda in the referendum battle on Thursday, dominating first minister’s questions at Holyrood.
Maersk Training has appointed a new general manager in Aberdeen.
Major energy infrastructure projects unveiled for the north yesterday are expected to lead to thousands of new jobs.
Norway risks discouraging investment in its oil industry if western Europe’s biggest crude producer repeats surprise tax increases and political meddling in projects, according to a report.
Scotland’s Macallan whisky distillery is set to get most of its heat requirement from a combined heat and power plant part-funded by the government.
Wind power has generated a new record high of 22% of the UK“s electricity over a 24-hour period, industry body RenewableUK said.
Anti-fracking protesters have super-glued themselves to the doors at the main entrance of the Department for Environment, Food and Rural Affairs (Defra), campaigners have said.
A call was today made for oil and gas companies to play a more active role in the fight against HIV.
OAO Rosneft is preparing to drill its first well offshore Norway with Statoil ASA even as Russia and its biggest oil company face the strictest sanctions yet over the conflict in Ukraine.
Aberdeen’s Mintra Training Portal – one of Europe’s largest providers of learning, training and competency services to the oil and gas industry – has clinched a £1million contract as the firm moves into the Asian market.
UK natural gas jumped to the highest in almost two months as demand for the fuel in power generation is set to strengthen amid declining supply from wind, coal and nuclear plants.
Hungary and Slovakia have joined forces to call on the European Union to relax its sanctions against Russia.
e Scottish Government is to oppose controversial plans that would remove the right of people to object to fracking companies drilling below their homes.
An oil field due to begin production east of Shetland could produce oil until 2050, it has emerged.
Norwegian Energy Company ASA (Noreco) recorded a boost in production and revenue after experiencing a lift in production.
OAO Rosneft asked the state for as much as 1.5trillion rubles ($42billion) of aid, a government official said, signalling a US ban on long-term loans to Russia’s largest company is starting to bite.
RMEC has made two senior appointments.
Vladimir Putin’s dream of a new pipeline to deliver Russian natural gas to the European Union without passing through Ukraine is fading amid escalating tit- for-tat economic sanctions.
Faroe Petroleum has appointed the “Oil Woman of the Year” as an independent non-executive director.