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Oil & Gas

Huge opportunities up for grabs

It's great news that expansion in offshore wind could create up to 30,000 new jobs in manufacturing and bring £3billion of investment to the north-east of England - or as BERR parochially puts it, the north-east, forgetting that there is also the north-east of Scotland.

Oil & Gas

Hybrid/electric race a non-starter

It was really quite remarkable. I nearly fell off my chair when I heard that, at the recent G8 meeting, Gordon Brown was effectively trying to dictate technology policy by saying that all British motorists will be driving electric or hybrid cars by 2020. Eh?

Oil & Gas

Windfall tax? What a daft idea

There is a journalistic ritual of placing the words, "the influential", in front of the name of any parliamentary committee in order to add a bit of weight and significance to whatever subject it is reporting on. In fact, most parliamentary committees and their reports are pretty non-influential, even if they grab a few headlines.

Oil & Gas

USGS signals Arctic bonanza

Vast petroleum reserves lie north of the Arctic Circle, according to the US Geological Survey - more than 400billion barrels oil equivalent of potentially recoverable oil, natural gas and liquids. And most of it seems to lie offshore.

Oil & Gas

Eclipse joins Petrofac team

INTERNATIONAL oil and gas facility service provider Petrofac has snapped up Eclipse Petroleum Technology, which has offices in Aberdeen, London, Stavanger, Houston and Dubai, in a deal potentially worth £16million.