BP rebuked over North Sea oil leak

Norway’s oil and gas safety authority blames poor maintenance and serious breaches of regulations for Ula incident BP has been rebuked by the Norwegian oil and gas safety authority after a leak at one of its major North Sea platforms last year. The watchdog accused BP of poor maintenance and “serious breaches of regulations”. The […]


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UK GDP highs and lows

Business services and car sales help to drive the economy higher, but agriculture and construction take a hammering Bright spots Car salesMuch of the economy’s unexpectedly strong performance came within the dominant services sector, with motor trades particularly strong. New car registrations in March were almost 6% higher than a year ago, according to the […]


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North Sea oil fuelled the 80s boom, but it was, and remains, strangely invisible | Ian Jack

The peace and plenty of late-period Thatcherism owed more to oil than to ideology – but the benefits of that oil were never popularly acclaimed, or indeed much noticed More than a quarter of a century ago, when it looked as though the sun would never set on Mrs Thatcher, I published a book called Before the […]


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North Sea oil fuelled the 80s boom, but it was, and remains, strangely invisible | Ian Jack

The peace and plenty of late-period Thatcherism owed more to oil than to ideology – but the benefits of that oil were never popularly acclaimed, or indeed much noticed More than a quarter of a century ago, when it looked as though the sun would never set on Mrs Thatcher, I published a book called Before the […]


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Letters: Coal, dole and wasted North Sea oil

In this media frenzy surrounding Thatcher’s death (Report, 10 April), we feel it has been forgotten that after the 1984-85 miners’ strike, she started to close coalmines on a grand scale. We now import 40-50m tonnes of coal per year, which generate 50% of the electricity we used in the winter of 2012. This purchase […]


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Friends of the Earth says George Osborne creating ‘bonanza’ for oil firms

Tax breaks worth almost £1bn lead FoE to accuse the chancellor of ‘bending over backwards to help the big oil barons’ Friends of the Earth has accused George Osborne of creating a bonanza for Britain’s big energy companies by providing almost £1bn of tax breaks designed to boost North Sea oil and gas production. FoE […]


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George Osborne on course to miss borrowing targets by £13bn, say experts

Institute for Fiscal Studies says chancellor’s hopes of small cut in budget deficit will be dashed if trends continue Britain’s leading experts on tax and spending have warned George Osborne that weak tax receipts from the struggling economy have left him on course to miss his borrowing target by £13bn this year. Adding to the […]


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North Sea tax break expected to create thousands of jobs

Canadian-based Talisman Energy among operators expected to spend billions investing in North Sea oil projects Talisman Energy has unveiled plans to spend £1.6bn on a new North Sea project that it says will create 2,000 jobs on the back of government tax breaks to the oil industry. Further billion-pound schemes are in the pipeline by […]


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We need a vision for energy – not this fiasco | Observer editorial

Electricity and gas users deserve bettter than rising bills and governmental cock-ups This weekend, David Cameron is a man at bay, beset by critics who claim that the dramatic resignation of his chief whip strengthens the impression of a gulf between the privileged background and elitist sentiments of the prime minister’s entourage and the vast […]


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Energy: We must mix to match future demands in Britain

We have to make decisions now that are good for consumers, energy security and the environment Energy is vital for our everyday needs, it is one of the largest household costs, it is core to our economic recovery – but rarely has it been the focus of political and media attention. Straight after the 2010 […]


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