ANALYSIS: Can UK oil and gas regulator save N. Sea ‘Jurassic Park’ industry from extinction in $60-barrel climate?

Jurassic-rig2By PETER STRACHAN  and ALEX RUSSELL

The recent loss of thousands of North Sea oil jobs has sent an icy chill down the spine of an oil industry whose fortunes were amassed with ease when oil prices were over $100-barrel but whose future now looks as grey as a North Sea swell now that oil stands at around $60-barrel.

The loss of confidence in the future of the North Sea oil industry is not surprising. A gloom laden report published in 2014 had forecast that there would be up to 35,000 job losses in the industry by 2019.

Unfortunately this prediction is now well and truly on the way to realisation and in due course may be seen as having been an optimistic view of the dire state of the industry.  

Read the full articlehttp://goo.gl/Zmm1ZR

 

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed