{"id":48096,"date":"2014-09-28T08:30:00","date_gmt":"2014-09-28T08:30:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=a6f24e6297ccf9ce9f5db2cf48cb093c"},"modified":"2014-09-28T08:30:00","modified_gmt":"2014-09-28T08:30:00","slug":"press-release-ineos-awarded-license-for-onshore-oil-and-gas-exploration","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=48096","title":{"rendered":"Press release: Ineos awarded license for onshore oil and gas exploration"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The Department of Energy and Climate Change (DECC) has given the go ahead to major chemicals giant Ineos to take a majority share in an onshore oil and gas licence block in Scotland by taking over BG\u2019s interest (51%). The other licensee, Dart is the operator in the block next to the Firth of Forth. <\/p>\n<p>Like the rest of the shale industry, Ineos believe it\u2019s important that the local community benefits from shale gas. Ineos will give  6% of production revenue to landowners and communities, split 4% and 2% respectively.  It\u2019s not unusual for energy companies to make payments to communities; people local to wind farms receive payments too.<\/p>\n<p>Business and Energy Minister Matthew Hancock said: <\/p>\n<p>\u201cIt\u2019s very welcome news that Ineos want to explore for shale gas. We have a huge amount of natural gas trapped deep beneath the ground which could be used to heat our homes, and reduce our reliance on expensive foreign imports.  <\/p>\n<p>\u201cIt\u2019s a real vote of confidence that Ineos recognise the potential of shale gas to transform local communities, create jobs and new economic opportunities; providing a cleaner, greener domestic energy resource\u201d. <\/p>\n<h2 id=\"notes-to-editors\">Notes to editors:<\/h2>\n<p>Dart is the operator of on PEDL 133. Ineos are going to be a non-operating partner \u2013 they share the costs and benefits of the license and have a say as to what happens on the license but operations are only undertaken by the operator (Dart). Ineos haven\u2019t applied to DECC for operatorship.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DECC has given the go ahead to major chemicals giant Ineos to take a majority share in an onshore oil and gas licence block in Scotland by taking over BG\u2019s interest (51%).<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/48096"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48096"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/48096\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}