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Scotland Says UK Oil and Gas Forecasts are “Incredibly Pessimistic”

The Scottish government has bitterly dismissed the UK’s forecasts of future oil and gas revenues from North Sea, saying they are “incredibly pessimistic”. The forecasts, which were revealed by the Office for Budget Responsibility (OBR) in July, were based on “very low estimates of future total production”, according to the government. They predicted that the […]

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Scottish Government to Challenge Westminster on Homeowner Rights Regarding Fracking Spots

The Scottish Government has said it will challenge Westminster over its removal of homeowner rights regarding the decision to frack beneath their homes. The announcement comes almost immediately after the recent UK government ruling, which says homeowners living above prime fracking spots will not have a say about whether fracking goes ahead there. The new […]

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Scottish Gas Hits Back at Ofgem Profit Analysis

Scottish Gas chief executive Sam Laidlaw hit back at energy regulator Ofgem this week, after it claimed that household margins were set to double. The company dismissed the claims and said there were “deficiencies” in the analysis, which prevented the data from being construed as accurate. In turn it showed no sign or suggestion of […]

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Government Pressures Big Six To Lower Energy Prices

The UK’s Big Six energy providers are coming under considerable pressure from governments to lower their consumer prices following a sharp drop in wholesale prices. The price of wholesale energy is said to have dropped to its lowest ever since September 2010, and governments are now urging major energy companies to explain why their consumer […]

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