Aberdeen has lost its focus on being the energy capital of Europe, it has been claimed.
Kurdistan has been urged to push ahead with talks with the Iraqi government on critical issues such as oil and revenue sharing.
Scottish First Minister Nicola Sturgeon’s political fight for another independence referendum might just be a prelude to the economic one lying ahead.
Nationalists should not count on North Sea oil and gas revenues when making their economic case for independence, a former SNP MSP has reportedly said.
A former SNP cabinet minister has warned the party faces a tougher battle than before in attempting to win a new referendum on Scottish independence.
Scottish Conservative leader Ruth Davidson accused the SNP under former first minister Alex Salmond of trying to “con” people over oil revenues during the referendum campaign.
Alex Salmond has been quizzed on the price of oil in his first phone-in show for LBC Radio. The former First Minister’s first caller, a man named Paul from St Albans, asked him how Scotland could still succeed independently at the current low oil price. He said: “You based your financial security in Scotland on the oil price of about $110 a barrel – I notice it’s trading at around $30. How would Scotland be now if you’d succeed in gaining independence?”
The Scottish Government’s oil revenue forecast for the first three years of independence is now out by £15.5 billion, according to the Scottish Secretary. Alistair Carmichael said the latest UK Government analysis showed that 100 days after the referendum, an independent Scotland would have been facing the shortfall following a drop in oil prices. He said “serious questions” now needed to be asked about how the SNP administration “got this so badly wrong”.
An international oil boss has claimed that the North Sea can no longer compete with the rest of the world – because of George Osborne’s tax regime.