Taxpayers face £24bn bill on North Sea decommissioning – reports
A warning has been raised taxpayers could face a £24billion bill for decommissioning oil and gas fields in the North Sea.
energy. North Sea
Opinion: Many of the challenges from 1988 still face industry today
It’s been almost three decades since the tragic Piper Alpha disaster, the world’s deadliest oil rig accident that claimed 167 lives off the coast of Aberdeen. Yet many of the challenges that Occidental Petroleum faced 28 years ago are once again gripping the oil and gas industry today.
Oil and gas sector downturn continues after drop in orders
Oil and gas firms experienced a drop in orders last month as the downturn in the sector continues to hit Scotland’s economy. The Bank of Scotland recorded a decline in activity in February - the first in three months.
EV Insights: The reporter who struck black gold
“A new source of raw materials opens up as an old and famous one closes”. This was the headline which made the Press and Journal's Ted Strachan famous as he heralded the end of Aberdeen's quarry and the start of the North Sea oil and gas industry. More than 40 years ago the industrial reporter raced against time to scoop a Norwegian publication about the Ekofisk oil discovery.