Oil and Gas Analysis

With all the furore over the Grangemouth complex, Scotland’s oil and gas industry has been in the spotlight. The Institute for Fiscal Studies said that the oil reserves would be a major factor in maintain Scotland’s post-independence economy. Both sides of the argument are accused and accuse each other of under or over estimating Scotland’s…

Tax Incentives

The Wall Street Journal posted an interesting story about North Sea Oil and Gas. The big driving force behind the increased investment in the region is the UK’s new tax regime. This takes advantage of the substantial infrastructure that exists in the region. After all, you can offer all the incentives you want to find…

UK Ranks High In Energy Sustainability

I’m not done talking about oil and gas, not by a long shot. The World Energy Council has released a report that ranks the UK as fifth in the world for energy sustainability. Ranking behind Switzerland, Denmark, Sweden and Austria (which, as small European countries always seem to be perfect in every way), it’s a…

Grangemouth Revolutions

The Grangemouth complex will remain open. Whilst I’m happy that 800 workers, plus a huge number of subcontractors have their jobs saved, I can’t help but feel that this may have been something of a Faustian bargain, and not the “victory for common sense” that the Ineos boss claims. At least it means that Grangemouth…

Grangemouth Reloaded

Ok, things at Grangemouth have gotten a little out of hand. Whilst the reactionary will delight in blaming the unions for bringing down the company, Ineos may have beenpulling a twinkie at the refinery. The Grangemouth complex has been losing money for years. By confronting workers with a pay cut and prompting industrial action, the…

Grangemouth Refinery Strike

strike at the Grangemouth refinery is worth having a look at. Anything touching on the oil and gas industry is important for Scotland, and that means important for the referendum. Since the refinery is the main source for most of Scotland’s fuel, it shows up how concentrated petrochemical production is in Scotland. The loss, even…