Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Salmond: our vision for oil and gas in Scotland

11/06/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmzgvmjqvntk4l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Mr Salmond will speak at the inaugural annual Oil & Gas UK Conference in Aberdeen, which is expected to attract some 500 delegates from the oil industry.

He is expected to say: “Today, I want to show how an independent Scotland – with specialised civil servants, with the appropriate expertise, based here in Aberdeen to work on oil and gas – will manage our remaining oil and gas reserves more effectively.

“And I want to highlight four things – tax stability, understanding of the industry, an improved industrial base, and an oil fund – which will be developed after independence, and which will bring lasting benefits: not just for industry, but also for the people of Scotland.”

The importance of oil to an independent Scotland has been brought into sharp focus in recent months after plummeting oil revenues contributed to a reversal in Scotland’s economic fortunes relative to the UK.

An unplanned stoppage in the Elgin oil field and the oil industry’s shift from revenue-gathering towards investment was cited as the cause of a sharp drop in oil revenues, which pushed Scotland’s deficit above the UK’s for the first time in recent years.

The Scottish Government hopes to invest Scotland’s oil wealth for the future with a Norway-style oil fund, backed by a stabilisation fund to ensure peaks and troughs in oil revenues do not upset the Scottish Budget.

But opposition parties say Scotland will need every penny of Scotland’s oil revenues to fund public services, and say it’s impossible to spend and save at the same time.

The Oil & Gas UK Conference will hear from Holyrood and Westminster ministers, regulators, industry leaders and specialists on topics ranging from commercial issues and access to finance to data management, energy policy, environment, exploration, legal, operations, safety and skills and employment.

This article has been extracted from http://www.heraldscotland.com, please click on this link to read the article in full http://www.heraldscotland.com/politics/referendum-news/salmond-our-vision-for-oil-and-gas-in-iscotland.1402464177

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdkvmjkvmdgvmtmvmjkvmjgyl1vudgl0bgvkigrlc2lnbiaomjuplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Are PSLs a Blocker or an Enabler?

2017-10-02 11:00:00 +0100

The use of a Preferred Supplier List (PSL) was intended to support and strengthen relationships and performance between organisations and their third party suppliers. As the technical landscape continues to evolve at rapid rate recruitment and demand for new skills becomes more intense. Are PSLs still the solution or an obstacle to sourcing the right talent? The traditional PSL A dedicated list of partners intended to guarantee quality and availability ...

W1siziisijiwmtcvmdkvmjevmdgvndmvmduvmtmxl1vudgl0bgvkigrlc2lnbiaomjmplmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Why do we punish the victims of hacking?

2017-09-21 09:00:00 +0100

Hacks occur every 39 seconds, with 95% of them targeting governments, retailers and the tech industry. If the hackers are caught, they'll face prison time under the Computer Misuse Act. More often than not, the businesses who are victims of those attacks expose themselves to punishment of their own. The laws that determine the duty of protection owed to businesses and their customers is both vague and broad, making them question just how much protection...