The US is expanding its offshore oil and gas discovery while operators in the UK warn of punishingly high windfall taxes. Compare, contrast…
The White House has scheduled the inaugural sale under its new law, called Big Beautiful Gulf 1, for 10 December this year. More than 30 sales of federal land for oil and gas drilling are now scheduled over the next 15 years…
The Gulf of America will have to conduct a minimum of two offshore lease sales by 2039 starting from next year 2026. Similarly, Alaska with its Cook inlet has to have at least six offshore sales before 2032. There will also be quarterly onshore sales in western states. Over in the UK a windfall tax is deterring all activity…
Ithaca Energy – one of the UK’s largest operators – is calling for a change to the 38% Energy Profits Levy or for it to be scrapped. The levy expires if oil falls below $71.40 a barrel and gas prices drop beneath 54 pence per therm for six months. Oil has traded below that for some months now. Projections show that current net zero policies will lose 1,000 industry jobs per month between now and 2030. Miliband not keen on energy security…
Speaking on Times Radio, former Home Secretary David Blunkett spoke about overdiagnosis of mental problems:
“Let’s distinguish those who are really severely mentally ill, diagnosed with things that require prolonged medical and diagnostic treatment. My wife and I talk about this a lot, because she’s a retired GP, about the fact that you can be sad without being ill. You can be momentarily depressed because your boyfriend or girlfriend’s just thrown you and you’re not mentally ill. You can even have mild issues, which can be dealt with with the right kind of support, but it doesn’t make you mentally ill. So we’ve got a real task, I think, to get the psychology, if you like, of this over. But there are things where you definitely need medical intervention, and there are other things where you need good friends, you need good connectivity, and you need a job.”