followers view all
|buyingoilgasroyalty is not in any groups|
Big Oil upgraded from buyer of mineral royalties
Aberdeen is the center of Europe's petroleum industry. Lying on the ground. The
drastic drop in price for the commodity falls across Scotland in the crisis. BY
So extinct Jake Molloy has the port of Europe's self-proclaimed oil capital not
seen in decades, "The lying here for days, which costs a lot of money ship-
owners," says the Scotland-chief of the oil workers union RMT, pointing to the
five supply ships before him. Side by side they moored at the dock of the Upper
"Oil Capital of Europe", as Aberdeen titled. Each of the steel boxes is almost as
long as a football field. All are armored against the meter-high Nordseewellen.
Diesel, mud, spare parts, food should bring the oil production platforms off the
coast of the ships. But they do not run out.
Gulls are scrambling to sandwich residues on the deserted quay. Nothing moves on
the Highland Endurance, the Indomitable, the World Diamond and the Pisces. Only on
the Olympic Hercules let men in neon yellow safety vests a bridge down: for a
delivery, the heranzockelt through the drizzle.
"There was always hectic, the ships had to quickly get to the platforms," says
Molloy. "What we see just scares me."
The mid-fifties with crew-cut know the signs of decline. For 17 years he was even
offshore, on the high seas. He has helped Brent to tap: Britain's most famous
field and namesake of the most important places in global crude oil futures
exchanges. He hails with grains as large as golf balls survived monster waves and
some ups and downs of the oil market. Once it has been released: 1986, when the
Brent price of 30 to less than 10 US dollars per barrel (159 liters) slipped, as
two out of five offshore workers lost their jobs, as thousands left Aberdeen. What
precisely in the industry abspiele, reminded him of 1986 says Molloy. "And now, as
then, will lay the groundwork for the next price boom."
Big Oil from upgraded. Good 2,000 jobs have Multinationals such as BP,
ConocoPhillips, Talisman Sinopec and hundreds smaller firms to Aberdeen recently
been painted. Shocked by the price drop of the raw material from 110 to
temporarily below $ 50 per barrel economists see this year up to 35,000 of the
approximately 225,000 jobs in Scotland's oil industry on the brink. Workers betray
one hand; some smaller platform operators have already stopped production. And, as
in Scotland save corporations around the world and put projects on hold, from the
Arctic to Mexico to the Falkland Islands. But the "big five" (ExxonMobil, BP,
Shell, Chevron and Total) have their investment budgets cut by $ 46 billion
compared to 2013. Soon, the reduction would have become apparent in the global
market. Aberdeen can feel it already.
The Scottish oil industry: from the cash cow for the rehabilitation case
exhibition center, a cold, wet Monday morning. Scotland's head of government
checked again her manuscript, then the petite blonde her mid-forties to the
lectern. Nicola Sturgeon has to open at Aberdeen's first oil crisis summit.
Everyone is here: industrialists, economists, their political adversaries.
"Scotland's oil and gas industry is a success story," Sturgeon calls in the hall.
She and her Scottish National Party are under pressure. "It's Scotland's oil" was
her old separatist slogan. Petro-pounds of taxes and licenses should finance
independence. But the citizens had not voted in the fall against the elimination
of London, Scotland had now a billion hole in the budget. Because the oil industry
of the cash cow is just a redevelopment case: One in three North Sea field is
making losses at a price of $ 50 a barrel, distributed, the industry association
Oil & Gas UK. Some companies are "about to collapse".
The industry could absorb the crash, hopes Sturgeon. Once the price put on, they
will write back profits and create jobs. Now, however, had the British state
coddle the industry. "There are tax breaks and investment incentives used, they
must be drastically come soon," the Prime Minister said after the speech against
the TIME. Great is the fear that the corporations otherwise deduct forever from
one of the most expensive oil spots in the world. Then "Aberdeen in ten years is a
ghost town" could, warn Colin Welsh, CEO of the US investment bank Simmons &
Jenny Laing fears for their Aberdeen. "As the price decline began in the summer,
everyone thought that these are normal variations. We could not believe that it
went on and on down," says the council chairman and powerful local politician. "We
have no control over this market. But we can create the optimal industrial
conditions on the ground." Precisely for this reason the mother city has convened
a crisis summit. Around 145,000 of the 480,000 residents of Aberdeen and the
surrounding Aberdeen shire work in the oil industry or its suppliers. "There is
hardly a family that no one in the industry," she says. My son has just finished
his offshore training.
|share||like 7||report||69 views|