Vitol’s former chairman and CEO Ian Taylor has died, the trading company has confirmed.
The Conservatives have been accused of showing “shameful contempt” towards the North Sea industry after it emerged a promised “oil and gas ambassador” has never been appointed.
January last year saw oil plummet to a $29 a barrel.
A major Tory donor reportedly nominated for a knighthood in David Cameron’s proposed resignation honours has withdrawn his name from the list amid accusations of cronyism.
David Cameron has insisted warnings over Brexit’s economic impact should be heeded as experts underestimated the falls in oil prices ahead of the Scottish referendum.
Prime Minister David Cameron has claimed Scotland would have been weeks away from a "financial calamity" if full fiscal devolution had been given to the country. Cameron said new funding arrangements for Scotland needed to be completed in a "fair and reasonable way" after the SNP asked why the UK Treasury was proposing plans that may cost Scotland £3billion.
Oscar nominated actor Mark Ruffalo has called on the Prime Minister to abandon fracking and leave fossil fuels in the ground.
Prime Minster David Cameron last night revealed more money could be on its way to Aberdeen after it was revealed the City Deal could be worth £1.2billlion to the area.
David Cameron will sweep into the north-east today to announce further measures to support the beleaguered oil and gas industry and encourage exploration.
Prime Minister David Cameron is to visit Aberdeen tomorrow to look at what more can be done to help the North Sea oil and gas industry.
Nicola Sturgeon has called on David Cameron to sign an urgent city deal for Aberdeen to help it through the downturn in the oil industry. The Scottish Government has offered to fund the deal on a 50:50 basis to support innovation, digital connectivity and infrastructure.
David Cameron has congratulated Iranian president Hassan Rouhani on the implementation of the landmark nuclear deal with world powers. The Prime Minister had a “warm” 20-minute telephone conversation with Mr Rouhani earlier, during which he thanked him for the steps that had been taken.
David Cameron has claimed a low oil price was “basically good for the British economy” as he faced calls for an urgent review of the North Sea industry.
The low oil price has led to a “complete and utter collapse” of the SNP’s policy, the Prime Minister has claimed. David Cameron told MPs in the Commons that a low oil price “basically is good for the British economy” but they needed to look at helping the oil and gas industry.
David Cameron has been accused of failing to give an international lead in tackling air pollution and climate change. Former deputy prime minister Lord Prescott warned the Lords it was “crazy” to cut subsidies for renewable energy. He said the Government was doing “absolutely nothing” to tackle emissions from cars, adding: “It’s green crap according to our Prime Minister.”
Icelandic volcanoes could be providing power to British homes, under plans to be announced by David Cameron. The Prime Minister, attending the Northern Future Forum in Reykjavik, is expected to say that the UK and Iceland are to look at establishing an electricity pipeline between the two countries. The multi-billion pound “interconnector” - involving 750 miles of undersea cabling - would enable the direct export of hydro and geothermal-generated electricity to be exported directly to Britain.
The grandchildren of a British man who reportedly faces 350 lashes for breaking the law in Saudi Arabia have appealed directly to David Cameron as “his only hope”. Karl Andree, who has battled cancer and suffers from asthma, was arrested in Jeddah in August last year for breaching the country’s strict anti-alcohol laws after he was caught with home-made wine. The 74 year old has served his time in jail but is still locked up as Saudi officials wait to carry out the lashings, according to his son Simon Andree.
David Cameron will host talks with Xi Jinping at Downing Street as he seeks to cement multi-billion trade deals during the Chinese president’s four-day state visit to the UK. Investment by Beijing in Britain’s first UK nuclear power plant in a generation is expected to be confirmed as part of what the Government hopes will amount altogether to £30 billion of agreements. But the lavish welcome given to the president was attacked as a “national humiliation” by a former close adviser to the Prime Minister, who is under pressure to raise concerns about human rights and “dumped” cheap steel blamed for the loss of thousands of British jobs.
More than 75,000 people have signed a petition urging the release of a British grandfather who reportedly faces 350 lashes after breaking the law in Saudi Arabia when he was caught with home-made wine.
Holyrood’s Energy Minister has hit out at David Cameron over his “perverse“ stance on renewables.
Scottish winch and deck machinery specialist ACE Winches has equipment and services contracts for the Far East worth £10million.
Prime Minister David Cameron insists the Conservatives have been the greenest government ever. The Tories have taken criticism this week after unveiling plans to slash subsidies to solar power projects - with opponents claiming it would take Britain’s renewable energy sector “back to the dark ages”. And today questions have been raised about the UK’s decision to suspend a ban on a type of pesticide linked to serious harm in bees and pollinators. However, Mr Cameron hit back at his detractors and argued his administration had done a great deal for the environment and renewable energy.
David Cameron has paid tribute to Saudi Arabia’s Prince Saud al-Faisal, the world’s longest-serving foreign minister, for his “great wisdom” following his death aged 75. Prince Saud was in the post for four decades until his retirement in April. His tenure saw him navigate the oil-rich region through a number of crises, including Lebanon’s civil war in the 1970s and 1980s, the 9/11 terror attacks in the US and subsequent invasion of Iraq, and most recently the rise of Islamic State (IS). The Prime Minister echoed comments by US secretary of state John Kerry who previously hailed Prince Saud as being “among the wisest” foreign ministers. Mr Cameron said: “I am saddened to hear of the death of His Royal Highness Prince Saud al Faisal.
The Prime Minster has written to the President of Gabon in a disagreement between oil companies and the country’s petroleum ministry. According to reports, the move comes after previous interventions from the Foreign and Commonwealth Office were unable to solve the dispute. The petroleum ministry had expropriated assets from Tullow Oil as well as threatening oil giant Shell with a fine for alleged non-payment of back taxes.
The collapse of a deal for the oil refinery in Milford Haven is “very disappointing”, David Cameron has said. But the Prime Minister insisted ties should not be cut with Klesch Group, which is also in the process of buying Tata Steel’s long products division. Mr Cameron made the remarks in answer to Labour MP Tom Greatrex who highlighted concern about the Swiss-based firm’s intentions given its record of “asset stripping”.