Scotland’s oil and gas expertise will aid and earn abroad

smas-oil-gas-panel

(c) Scottish Enterprise

In Energy Voice today:

‘The chief executive of Ghana’s Petroleum Commission has said Aberdeen will play a “vital part” in the country’s upcoming “oil boom”. Ghana is set to award nine licensing rounds in the lead up to next April, with opportunities for “supermajors, contractors and service providers”. Ghana’s laws mean any company wishing to execute a contract in its upstream sector has to create a joint venture with an indigenous Ghanaian company, with the latter getting at least 10% equity.’

https://www.energyvoice.com/oilandgas/africa/173900/aberdeen-to-play-vital-part-in-ghanas-oil-boom/

The value deriving from Scotland’s oil and gas expertise has been growing for some time now. On June 16th 2017, I was able to write:

‘It’s not just the oil and gas exports that make the money now. After decades of experience gained in the North Sea and in west of Shetland’s deeper stormier waters, Scotland now earns just over half of its income from international business supplying equipment and expertise across the globe. The survey producing the £11.4 billion figure was carried out by Aberdeen Chamber of Commerce for Scottish Enterprise and had responses from 295 companies employing 63 000 staff’:

Scotland’s oil and gas expertise earned £11.4 billion in 2015/2016 supported by Scottish Government investment

For more on this theme, see:

Scotland’s oil and gas extraction expertise continues to earn millions

Scottish Subsea expertise to make billions raising World War 1 and 2 wreck cargoes

Scotland’s sub-sea expertise earns £15 million research fund to work with Japan

 

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One thought on “Scotland’s oil and gas expertise will aid and earn abroad

  1. Ludo Thierry June 12, 2018 / 4:39 pm

    Since we’re talking greenhouse gas industries here it was very reassuring to see the latest Greenhouse Emissions stats (from ScotGov news page today):

    Greenhouse gas emissions reduced by nearly half.

    Scotland has met its statutory annual climate change target for the third year running, after achieving a 49% reduction in greenhouse gas emissions.

    The latest figures, which are calculated against a 1990 baseline, show the country is set to exceed its current 2020 climate change target and continues to outperform the UK as a whole.

    In western Europe, amongst the EU-15 member states, Scotland is second only to Sweden (51%) and ahead of Finland (42%), Germany (25%) and Denmark (23%).

    The statistics also reveal emissions of the single most significant greenhouse gas – carbon dioxide – have fallen by more than 50%.

    Still masses to do – but SNP Scottish Govt and the Great Scottish Public are making a good start.

    Liked by 1 person

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