North Sea oil and the Scottish economy.

  • 1.85 MB
  • English
University of Aberdeen , Aberdeen
SeriesNorth Sea study occasional papers -- No.1.
ID Numbers
Open LibraryOL20178405M

North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea. In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the Atlantic Margin" that is not geographically part of the North Sea.

North Sea oil fuelled the 80s boom, but it was, and remains, strangely invisible Thatcherism was a temporary phenomenon owing more to oil than to ideology – the book. The following pages mirror the chapters contained within the Scottish Economy book, featuring each chapter's key points, and up-to-date visualisations of recent data.

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The Scottish Economy: BBC SCOTLAND: Value of Scottish North Sea oil and gas rises by %. "It's Scotland's oil" was a widely publicised political slogan used by the Scottish National Party (SNP) during the s in making their economic case for Scottish independence.

It was argued that the discovery of North Sea oil off the coast of Scotland, and the revenue that it created would not benefit Scotland to any significant degree. Scotland's economy, without North Sea oil, is similar to that of the UK as a whole, with which it is closely integrated after more than years since the Act of Union.

Independence would affect. Smith warned that the North Sea oil and gas industry – a key sector of Scotland’s economy – could be devastated. He added: “The North Sea is. THE economic boom triggered by the massive oil find in the North Sea transformed Aberdeen and the area around the Granite City.

After the discovery 40. The North Sea is a marginal sea of the Atlantic Ocean located between Great Britain (England and Scotland), Denmark, Norway, Germany, the Netherlands, Belgium and epeiric (or "shelf") sea on the European continental shelf, it connects to the ocean through the English Channel in the south and the Norwegian Sea in the north.

It is more than kilometres ( mi) long and Average depth: 95 m ( ft). This website exists to accompany the book of the same name, as a means of keeping the data current. To read a copy of the book, please see: Gibb, K., Maclennan, D., McNulty, K., & Comerford, M. (eds) Scottish Economy - A Living Book, London: Routledge.

Stopping North Sea oil would reduce the carbon footprint, but the UK would still need to import the oil from elsewhere – Saudi Arabia perhaps, so a vast amount of tankers required, increasing.

Oil figures inadvertently released by the Scottish Government last week showed £4 billion was raised from the North Sea in /14 compared to Mr Salmond’s prediction of £ billion.

Exploration in the North Sea oil and gas sector is at its lowest level since the early s, according to an industry report. Industry body Oil and Gas UK's annual Business Outlook said only North Sea heavyweight to slash spending as crude price plunge leaves sector in crisis.

The energy consultancy reckons the oil price fall will prompt firms to slash spending on exploration and new. Downloadable.

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The World Bank has published estimates of sustainability of consumption paths by adjusting saving rates to take account of the depletion of non-renewable resources. During the period of North Sea oil production Scotland has been in a fiscal union with the rest of the UK.

The present paper adjusts the World Bank data to produce separate genuine saving estimates for Scotland and. The report, published in February prior to the Scottish Independence Referendum in September that year, concluded that the Scottish economy is rich and relatively diversified, with per capita GDP estimated to be US$47, higher than AAA-rated Germany at US$43, higher than AA-rated UK at US$41, and higher than AA-rated New Zealand at US$ 39,   Alex Salmond has claimed North Sea oil revenues would be a 'bonus' for the Scottish economy By Simon Johnson, Scottish Political Editor AM BST 24 Jul Get this from a library.

The economic impact of North Sea oil on Scotland: final report to the Scottish Economic Planning Department on a study conducted within the Department of Political Economy, the University of Aberdeen, [Maxwell Gaskin; Donald Iain Mackay; University of Aberdeen. Department of Political Economy.; Great Britain.

North Sea oil and the environment: developing oil and gas resources, environmental impacts, and responses. Development of UK policy towards oil and gas impacts on the UK economy (A G Kemp).

The impact of oil on the Scottish economy with particular reference to the Aberdeen economy (M G Lloyd and D A Newlands). developing oil and gas. Cairn Energy has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst, the companies said on Thursday.

The investment by Cairn is another sign that North Sea assets are becoming attractive again to oil producers, which sold assets in the past few years, often to private equity investors, and cut costs after oil prices collapsed.

Scottish oil and gas needs ‘sector deal’ from UK Government the report found, with Scotland a major beneficiary The industry contributed £bn to the Scottish economy in There is potentially another 30 years of oil and gas production in the North Sea but it’s important the. An oil rig worker on a North Sea oil drilling platform.

But when asked at her daily coronavirus briefing to detail support the Scottish Government would be offering, Ms Sturgeon confined herself. The Scottish National Party issued a simple rallying cry for independence when vast oil and gas reserves were discovered under the North Sea Author: Peter Geoghegan.

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North Sea exploration well delivers ‘encouraging’ results for Total and partners The report also warns of a possible % decrease in capital investment for as well as the potential that the operators in the sector will experience negative cash flow this : Ken Symon.

Buy The Official History of North Sea Oil and Gas: The Growing Dominance of the State v. 1 (Government Official History Series) 1 by Kemp, Alex (ISBN: ) from Amazon's Book Store.

Everyday low prices and free delivery on eligible : Alex Kemp. Oil is the punch in Scottish First Minister Alex Salmond’s pitch for independence: he accuses London of squandering the North Sea’s mineral wealth and says Scotland would be one of.

Oil Rig Graveyard Copy Link Facebook are towed into the bay of Cromarty Firth from the North Sea. Here they will pile up and rust until the economy turns its favor toward crude oil again. Many. The importance of tourism and North Sea oil and gas to Scotland's economy could mean it is hit harder by the coronavirus crisis than the rest of the UK, a group of experts has warned.

There is no doub that oil played a big part in bankrolling Thatcher’s agenda and in allowing Britain to address a chronic balance of payments problem that had besieged post-war government (Tony Blair said in that North Sea oil was "utterly essential to Mrs Thatcher’s electoral success").But history should also record that Thatcher missed a trick in not diverting some of the proceeds.

From health to education, Scotland under the SNP is in a bad way, argues Lloyd. Supporters of independence have blamed two generations of English politicians for Scotland’s problems: de-industrialisation under Thatcher, the squandering of North Sea oil, and now Brexit.

The North Sea is a mature oil and gas province. Output from the two main producers – Norway and the United Kingdom – has peaked and the remaining reserves to be exploited are smaller and/or more technically challenging than those developed in the past, thereby shrinking potential returns.

As several fields approach the end of their commercial lives, the decommissioning of offshore. Two Scottish economists analyze the likely costs and revenues of Britain's oil fields in the North Sea and argue strongly that the revenues should not accrue to London, but in considerable part to Scotland, which has long been impoverished and which otherwise would benefit only incidentally from North Sea oil.

The Scottish independence vote is underway, and voters will have to take into account just how much oil is left under the North Sea – and how much revenue it might generate. On Wednesday, a. North Sea oil won't be a panacea for the Scottish economy.

It's a rare thing for mineral wealth to actually help an economy grow. It's a rare thing Author: Simon Constable.