UK

BP oil platform in the North Sea  © Reuters

After 40 years of production that far exceeded original expectations, the North Sea oil and gas industry is in serious jeopardy. At the beginning of the year, there was a degree of optimism following Sir Ian Wood’s report and the establishment of a new, more interventionist regulator considered capable of driving a further wave of activity. But with the fall in oil prices over the past four months, the mood has changed dramatically. Read more

The Saltire national flag (Ian Forsyth/Getty Images)

  © Ian Forsyth/Getty Images

Devolution max — the home rule option endorsed by the three UK party leaders — could just encourage Scots to vote No next Thursday. For many in the business sector, however, including the energy companies, the idea looks half baked; a proposal adopted in panic because of a solitary poll showing the Yes campaign ahead. The consequence will be an extended period of uncertainty with a new question mark over every prospective investment in Scotland. Read more

A sign pointing to Whitehall (Peter Macdiarmid/Getty)

  © Getty

Applications close this week for the newly created post of chief executive of the UK civil service. The general reaction to the advertisement of the vacancy has been muted, to put it mildly, with a much repeated view that the job is un-doable.

The role is certainly not an easy one – think of it as Yes Minister with knives – but the conventional wisdom is too negative.

Whitehall badly needs reform and this could be a good way to drive forward the changes which have been so elusive over the past few years. But if they really want change and a modern, professionalised civil service, ministers will have to adapt as well. Read more

Readers will be familiar with the issue of shale gas - its potential to change the world energy market and the controversies surrounding its development. But you might be less familiar with tight oil – oil from shale rock which can also be extracted by hydraulic fracturing. That is the next story and its development particularly in the UK will be every bit as controversial. Even the publication of the initial basic survey of the resources in place is being held up by political nervousness. Read more

Nearly. That was my summary of the state of negotiations between the UK government and EDF on new nuclear last month. Nearly but not quite as comments by Ed Davey over the past week make clear. The government had hoped to make a positive announcement before the summer but it is now looking at the prospect of more months of further talks. A deal, intended by ministers in London to represent a final offer, was put on the table four weeks ago. EDF in Paris, where all the energy company’s decisions are made, has failed to respond.

Frustrated by the unwillingness of EDF to engage, the government, which wanted to do a deal and thought an agreement was possible after the last Anglo-French summit in May, has now effectively stepped back and is talking to other possible suppliers. Read more