Extracts from Parliamentary proceedings - Nov 27
Tuesday, 28 November 2017 07:26
Extract from Lords debate on Exports: Africa and the
Commonwealth Lord Risby (Con):...In trying to remedy this, and
simply as an example of real life, I will touch on our commercial
activities in Algeria. Very well-known energy-related companies
have been operating there for years, such as BP and
Petrofac. Of BP’s five major international projects, two are
in Algeria. In addition, there is at hand and on offer British
experience on renewables and our unique experience...Request free trial
Extract from Lords debate
on Exports: Africa and the Commonwealth
(Con):...In
trying to remedy this, and simply as an example of real life, I
will touch on our commercial activities in Algeria. Very well-known
energy-related companies have been operating there for years, such
as BP and Petrofac.
Of BP’s five major international projects,
two are in Algeria. In addition, there is at hand and on offer
British experience on renewables and our unique experience in the
North Sea. But the dramatic fall in the price of petrol and oil was
a wake-up call for Algeria. This is now a reason for it to want to
diversify its economy. Indeed, that is exactly the advice the IMF
gave it: to increase fiscal revenues from non-hydrocarbon
sources...
To read the whole debate, CLICK
HERE
Extract from Commons
debate on the Budget
(Gordon)
(Con):...The sector has contributed massively to our
engineering skills and has huge global opportunities. The UK
continental shelf is one of the most challenging offshore basins,
and UK technology has spread throughout the world. In my
constituency, we have STATS Group, which is a pipeline intervention
company based in Kintore; Hoover Ferguson, which is now a global
company; and Wood Group, which started in the north-east and has
now become a £5 billion company following a merger with Amec Foster
Wheeler. The Treasury has helped to create the most fiscally
attractive place to produce oil and gas. That is recognised by
Shell and BP, as well as newcomers such as Chrysaor,
which recently invested $3.8 billion in the North sea. Do not
believe the myth that it is all over for the North sea...
To read the whole debate, CLICK
HERE
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