SNP Shoots Down Suggestions it is Embarrassed by North Sea Revenue Drop

SNP Shoots Down Suggestions it is Embarrassed by North Sea Revenue Drop
The Scottish National Party has shot down suggestions that it hasn't published an analysis of the oil and gas industry for over a year because it is embarrassed about the collapse in North Sea revenues.

The Scottish National Party has shot down suggestions that it hasn’t published an analysis of the oil and gas industry for over a year because it is embarrassed about the collapse in North Sea revenues.

“As the first minister has already indicated, the Oil and Gas Analytical Bulletin will be published in due course,” a spokesman for the Scottish Government said in a comment sent to Rigzone.

“In addition, the Scottish Government publishes a number of other publications – including Oil and Gas Production Statistics and Energy in Scotland 2017 – which provide detailed statistics and analysis of the oil and gas industry and wider energy sector,” the spokesperson added.

In November 2016, PwC released a report which highlighted that the past two years have been a “torrid” time for the North Sea oil and gas industry.

The report did state however that there is a  growing confidence that the sector has seen the worst of the current market downturn and suggested that there now appears to be light at the end of the tunnel, with supply and demand seeking a gradual equilibrium.

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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Jeffrey Brown | Jan. 9, 2017
We are a small player in the oil industry and are subject to the whims and mismanagement of our industry by the major players like Saudi and Russia. Maybe we should ask the UK government how embarrassed they are by the billions and billions of ús their financial industry disaster in 2007 has cost this country over the last 10 years. Its a good job the oil industry was providing that safety net yet again due to the financial industries own incompetence and greed. They keep saying the oil price is volatile, if there is one industry on this planet thats the definition of volatile it is the financial industry and its poker game like attitude to real companies stocks and shares. When that industry goes wrong the money is always there to bail it out. They literally just print more money to save it. When the oil industry has a downturn its treated like a leper by the uk govt. so who should be embarrassed, the SNP or that house of clowns in Westminster? I find there knowledge and attitude to our energy industry sadly lacking, unless of course its renewables and votes are at stake!


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