The Scottish Government is ready to look into the prospect of public buyouts of vital North Sea platforms and pipelines to support the industry through the current slump. It comes amid growing concerns that “premature decommissioning” of key facilities could kill off the fragile recovery in the industry as the global oil price continues to stagnate. Talks have already taken place with potential “financial partners” about the prospect of intervention, energy minister Paul Wheelhouse told MSPs yesterday. Labour’s Lewis MacDonald called on Scottish ministers to consider a public buy-out of vital infrastructure such as pipelines amid fears these could be lost as firms step up their decommissioning plans.
Scotsman 23rd Feb 2017 read more »