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Aberdeen to be home for new oil and gas agency | Aberdeen to be home for new oil and gas agency |
(about 5 hours later) | |
A new agency aimed at increasing collaboration across the oil and gas industry is to be based in Aberdeen. | A new agency aimed at increasing collaboration across the oil and gas industry is to be based in Aberdeen. |
The independent Oil and Gas Authority body is being set up after a recent review of the sector carried out by businessman Sir Ian Wood. | The independent Oil and Gas Authority body is being set up after a recent review of the sector carried out by businessman Sir Ian Wood. |
The search for a chief executive for the new agency will begin next week. | The search for a chief executive for the new agency will begin next week. |
Chief Secretary to the Treasury Danny Alexander made the agency announcement in Aberdeen, which is regarded as Europe's oil capital. | Chief Secretary to the Treasury Danny Alexander made the agency announcement in Aberdeen, which is regarded as Europe's oil capital. |
The Oil and Gas Authority will be designed to encourage economic production in the UK and provide sustainable long-term support for the industry. | The Oil and Gas Authority will be designed to encourage economic production in the UK and provide sustainable long-term support for the industry. |
Mr Alexander told the Oil and Gas UK annual conference: "It is my view that it should be located at the heart of the UK's oil and gas industry. So I can tell you that it will be based right here - in Aberdeen." | |
A Scottish government spokesman said: "The Scottish government has made clear from the outset that Aberdeen, the energy capital of Europe, is the only conceivable location for the new regulator to be headquartered." | |