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29/12/12

Bhutto son in first major speech

27 December 2012 Last updated at 12:56 GMT Benazir Bhutto campaigning in Rawalpindi, Pakistan - 27 December 2007 Benazir Bhutto was campaigning for election when she was assassinated The son of Pakistan's murdered ex-Prime Minister Benazir Bhutto is giving his first major speech at a rally marking his mother's death five years ago.

Bilawal Bhutto Zardari is addressing many thousands of Pakistan People's Party (PPP) supporters gathered near his family's shrine in Sindh province.

Mr Bhutto Zardari, whose father is President Asif Ali Zardari, has so far kept a low profile as PPP chairman.

Ms Bhutto died in a gun and bomb attack during her 2007 election campaign.

In remarks carried by Pakistan state television, Mr Bhutto Zardari said the people were "the source of power".

"Benazir sacrificed her life to uphold democracy," he said. "The beacon of democracy continue to shine."

The 24-year-old Oxford graduate has been PPP chairman since his mother's assassination by Taliban militants. He cannot contest an election until his 25th birthday.

Show of strength

Security was tight as activists carrying portraits of Ms Bhutto and her father, former Prime Minister Zulfiqar Ali Bhutto, gathered at the family's shrine in the city of Larkana.

Mr Bhutto Zardari was expected to use the occasion to articulate his vision for the party, says the BBC's Shahzeb Jillani.

With parliamentary elections set to be held in 2013, the governing PPP is keen to use the rally as a show of strength to demonstrate that despite widespread criticism over its performance during the past five years, it still enjoys popular support, our correspondent says.

Bilawal Bhutto-Zadari Oxford graduate Bilawal Bhutto Zadari has so far kept a low profile because of his inexperience

Mr Bhutto Zardari's father, President Zardari, has been at the forefront of the party until now but faces dwindling support over corruption allegations.

Those fed up with President Zardari's politics are looking to his son to help revive the party's mass appeal, our correspondent says.

The Bhutto dynasty has been a major political force since Pakistan gained independence in 1947.

Ms Bhutto, whose father founded the PPP, was prime minister from 1988 to 1990 and from 1993 to 1996.

On both occasions she was dismissed from office for alleged corruption.

No-one has been charged with her assassination.

A UN inquiry in 2010 found that her murder could have been prevented and that the subsequent investigation was bungled.


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24/12/12

Major jobs boost in UK North Sea

21 December 2012 Last updated at 11:56 GMT The Mariner Field The field development concept includes a production, drilling and quarters platform based on a steel jacket, with a floating storage unit Statoil is to invest £4.3bn in a North Sea oil field, bringing hundreds of jobs to the north east of Scotland.

The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade.

Statoil expects to start production from Mariner in 2017, pending final approval by the UK authorities.

More than 700 jobs will be created, including 200 onshore posts in Aberdeen.

The field is expected to produce for 30 years, with average production of about 55,000 barrels of oil a day from 2017 to 2020.

The Mariner Field is located on the East Shetland Platform of the UK North Sea, about 150km (93 miles) east of the Shetland Isles.

Statoil is the operator of the field, with 65.11% equity. Other partners include JX Nippon Exploration and Production (UK) Limited (28.89%) and Cairn Energy (6%).

The development concept includes a production, drilling and quarters (PDQ) platform based on a steel jacket, with a floating storage unit (FSU).

More than 140 reservoir targets are planned for Mariner.

'Good fit'

Executive vice president for development and production international in Statoil, Lars Christian Backer, said: "Statoil has extensive heavy oil experiences from offshore fields in Norway and Brazil.

"The Mariner field was discovered in 1981 and Statoil entered the licence as operator in 2007 with the aim of finally unlocking the resources.

The North Sea is a core area for Statoil, and we look forward to taking a leading role in further developing also the UK part of this basin”

End Quote Lars Christian Backer Statoil "We are satisfied that we now are able to make an investment decision for a profitable development of the Mariner field."

He added: "The Mariner project is a good strategic fit for Statoil.

"We are the world's largest offshore operator and have a portfolio of attractive projects in some of the most prolific basins in the world.

"The North Sea is a core area for Statoil, and we look forward to taking a leading role in further developing also the UK part of this basin."

Industry body Oil and Gas UK welcomed Statoil's announcement.

Economics director Mike Tholen said: "The largest offshore development in the UK for a decade, Mariner requires pioneering technology and will bring hundreds of high-skilled, long-lasting jobs across the country, hundreds of millions of pounds in additional tax revenues, as well as crucial security to our energy supplies.

"Expected to produce oil and gas for 30 years, this project - and others recently given the go-ahead on the UK continental shelf - will help to boost production and stem the decline we have seen in recent years, so helping the full economic benefit of our reserves to be realised in time."


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