Sir Robert Hill Smith, 3rd Baronet of Crowmallie is a Scottish Liberal Democrat politician who was the Member of Parliament for West Aberdeenshire and Kincardine from 1997 to 2015.
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
Aker Solutions ASA engineers and builds energy infrastructure while providing a range of products and consultancy services to low-carbon and renewable energy projects. Based in Oslo, the company's critical offerings to the energy industry include the systems and services required to de-carbonize oil and gas production, build wind-to-grid infrastructure and engineer CO2 capture and sequestration.
The Carbon Trust was developed and launched in the UK over 1999-2001 as part of the development of the Climate Change Levy (CCL), a tax on business energy use that still operates today. The Carbon Trust was originally funded by around £50m of UK tax revenue generated from the Levy to help businesses reduce energy costs and therefore offset the additional cost of paying the CCL. The establishment of the Carbon Trust was announced in the 2000 UK White Paper "Climate Change - the UK Programme". It was launched alongside the introduction of the CCL in March–April 2001.
The economy of Scotland is an open mixed economy which, in 2023, had an estimated nominal gross domestic product (GDP) of £211.7 billion including oil and gas extraction in Scottish waters. Since the Acts of Union 1707, Scotland's economy has been closely aligned with the economy of the rest of the United Kingdom (UK), and England has historically been its main trading partner. Scotland still conducts the majority of its trade within the UK: in 2017, Scotland's exports totalled £81.4 billion, of which £48.9 billion (60%) was with the countries of the United Kingdom, £14.9 billion with the European Union (EU), and £17.6 billion with other parts of the world. Scotland’s imports meanwhile totalled £94.4 billion including intra-UK trade leaving Scotland with a trade deficit of £10.4 billion in 2017.
Premier Oil plc was an independent UK oil company with gas and oil interests in the United Kingdom, Asia, Africa and Mexico. It was devoted entirely to the 'upstream' sector of the industry — the exploitation of oil and gas — as opposed to the 'downstream' refining and retail sector. It was listed on the London Stock Exchange until it was acquired by Chrysaor Holdings and then merged into Harbour Energy in March 2021.
Energy in the United Kingdom came mostly from fossil fuels in 2021. Total energy consumption in the United Kingdom was 142.0 million tonnes of oil equivalent in 2019. In 2014, the UK had an energy consumption per capita of 2.78 tonnes of oil equivalent compared to a world average of 1.92 tonnes of oil equivalent. Demand for electricity in 2014 was 34.42 GW on average coming from a total electricity generation of 335.0 TWh.
"It's Scotland's oil" was a widely publicised political slogan used by the Scottish National Party (SNP) during the 1970s 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 while Scotland remained part of the United Kingdom. The SNP campaigned widely in both the February 1974 UK General Election and subsequent October 1974 UK General Election using this slogan. At the February election the SNP gained seven seats in the House of Commons and 22% of the Scottish vote, rising to eleven seats and 30% of the vote in the October election. The idea behind the slogan has proven to be controversial in discussions surrounding the financial viability of an independent Scottish state and still resonates to this day.
The petroleum industry in Aberdeen, the third most populous city in Scotland, began in the mid-20th century following the discovery of significant oil deposits in the North Sea. Aberdeen has been characterised as the "oil capital" of Scotland, the United Kingdom, as well as Europe as a whole.
The Forties Oil Field is the second largest oil field in the North Sea, after the Clair oilfield, which is located 110 miles east of Aberdeen. It was discovered in 1970 and first produced oil in 1975 under ownership of British Petroleum, now called BP.
Equinor ASA is a Norwegian state-owned multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. As of 2021, the company has 21,126 employees.
Mining in the United Kingdom produces a wide variety of fossil fuels, metals, and industrial minerals due to its complex geology. In 2013, there were over 2,000 active mines, quarries, and offshore drilling sites on the continental land mass of the United Kingdom producing £34bn of minerals and employing 36,000 people.
Offshore Helicopter Services (OHS), previously known as Babcock MCS Offshore and Bond Offshore Helicopters, is a British helicopter operator, specialising in providing offshore helicopter transportation services to North Sea and Irish Sea oil and gas platforms.
Bond Aviation Group was a British helicopter operator based at Gloucestershire Airport, Staverton. It was purchased by Babcock International in 2014. It incorporated Bond Air Services, now renamed Babcock Mission Critical Services Onshore, and Bond Offshore Helicopters, now renamed Babcock Mission Critical Services Offshore.
The oil and gas industry plays a central role in the economy of the United Kingdom. Oil and gas account for more than three-quarters of the UK's total primary energy needs. Oil provides 97 per cent of the fuel for transport, and gas is a key fuel for heating and electricity generation. Transport, heating and electricity each account for about one-third of the UK's primary energy needs. Oil and gas are also major feedstocks for the petrochemicals industries producing pharmaceuticals, plastics, cosmetics and domestic appliances.
Roxtec is a company specialising in the development and manufacture of cable and pipe seals. Roxtec's products are designed to seal cable and pipe penetrations in order to protect from multiple hazards including fire, water, gas, dust, vibrations, electro-magnetic disturbances, vermin, and the risk of explosion. Markets include power, marine, oil and gas, telecoms, infrastructure, industrial equipment, and the process industries.
Naftiran Intertrade Company limited (NICO) is a Swiss-based subsidiary of the National Iranian Oil Company (NIOC). NICO is a general contractor for the oil and gas industry. NIOC buys the vast majority of Iran's gasoline imports. NICO is a key player in Iran's energy sector.
The North Sea Transition Authority (NSTA), known as the Oil and Gas Authority (OGA) until March 2022, is a private company limited by shares wholly owned by the Secretary of State for Energy Security and Net Zero. It is responsible for maximising the economic recovery of oil from the North Sea. It is empowered to license and regulate activity in relation to oil and gas in the United Kingdom, including oil and gas exploration, carbon capture and storage, and offshore gas storage.
