Oil, gas and coal Fossil fuels.

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Presentation transcript:

Oil, gas and coal Fossil fuels

Outline Fossil fuels (Oil, gas and coal) come from the Earth’s finite resources. Is it the end of coal? 2. North Sea Oil and Gas : decline of a great source of wealth for the UK https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/631146/UK_Energy_in_Brief_2017.pdf

Electricity generation

Imports of natural gas from Norway. Imports of electricity from France Imports of natural gas from Norway. Imports of electricity from France. Imports of LNG from Indonesia and Qatar.

1. Is it the end of King Coal? 1.A dwindling industry from 1950 to 2006 1950s : 1 million people, 850 mines. 1980s : dash for gas 1980s and 1990s : pit closures following the 1985 miners’ strike. 2. Privatisation of the sector. 1994 UK Coal.

2001: Uk becomes an importer 3. clean coal technologies : carbon capture and carbon technology. 4. 2015. closure of last three deep mines. All coal-fired plants to be phased out by 2025. 5. 2017. Sharp drop in both production and imports.

II Oil and gas 1. Britain : an oil and gas producer (North Sea) 2nd and 3rd largest producer of oil and gas in Europe. 1964 Continental Shelf Act (UKCS) The first oilfield : 1969. Off Scotland (the Forties). Brent Oil : near the Shetland Islands The first offshore gasfield in 1965 1990s : peak years. 2003-5 : decline in production

2. A great source of wealth that is declining. 2.5 % of the economy. 75 percent of primary energy resources of UK. Employs 330,000 people. 20% investment in the UK 330bn pounds in tax for the UK Treasury since the 1970s. 2014-2016: major restructuring and increase in efficiency Challenges in 2018 production, investment, decommissioning (£20-30bn a year), industry income and tax receipts Petroleum Revenue Tax and Corporation Tax (2015: cut from 50% to 35% of profits. 2016 : abolished)

Brent Oil field, Production Platforms, North Sea, UK

The Sullom Voe Terminal handles production from more than two-dozen oilfields in the east Shetland Basin, between Shetland and Norway.

North Sea oil and gas fields.

Aberdeen, an oil capital