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PM gives go ahead for £4.5 billion oil and gas project

The UK Government this month granted BP and its partners — Shell, ConocoPhillips and Chevron — approval to proceed with the £4.5 billion Clair Ridge project, the second phase of development of the giant Clair field, west of the Shetland Islands.

Speaking at the BP Headquarters in Aberdeen, Mr Cameron said:

“I am delighted to give the go-ahead for this project; this investment is great news for Aberdeen and the country and provides a massive boost for jobs and growth. It shows the confidence that there is to invest in the North Sea – we have cutting edge technology, world class skills and expertise and a UK Government that is committed to do what we can to secure future investment.”

Bob Dudley, BP’s group chief executive said:

“Although it began over forty years ago, the story of the North Sea oil industry has a long way yet to run. BP has produced some five billion barrels of oil and gas equivalent so far from the region and we believe we have the potential for over three billion more,”

The Clair Ridge project, which will install two new bridge-linked platforms with the capability to produce an estimated 640 million barrels of oil, is planned to come on stream in 2016 and will extend the production from the greater Clair area to 2050. In addition to the 600 people already working on the project, it will provide hundreds of UK engineering, drilling and oilfield services jobs over the field’s life.

1000 new jobs in energy sector

The Department of Energy and Climate Change is to announce that it will give agreement to two large energy generation projects. Sources suggest that further details will be given tomorrow - how these jobs will come to market is not yet known. It is likely that these jobs will be contract jobs related to the longevity of the projects.

Huddersfield factory gears up for green growth

Huddersfield business David Brown Gear Systems has successfully secured £4.8 million of private sector and government funding from the Regional Growth Fund, Deputy Prime Minister Nick Clegg and Business Secretary Vince Cable announced during a visit to the business today.

The funding will help create around 80 new jobs at the David Brown factory thanks to the funding programme which sees government and the private sector working together to boost regional growth.

The Deputy Prime Minister and Business Secretary visited the factory today to sign the legal contracts that will deliver the money. This follows a period of strict checks by the company and the government to ensure the deal offers the best value for money for taxpayers.

The Deputy Prime Minister Nick Clegg said:

“Not only is it great to be announcing new jobs here in Huddersfield today, but it’s fantastic that David Brown is using the Regional Growth Fund to scale its operations up and out into the new and growing ‘green’ market.

“Creating jobs and growth is our number one priority for Britain right now.

“But it’s not enough just to get us back to where we were. There can be no forgotten areas of Britain. We need to rebalance the economy by supporting growth in every region and across a range of industries. That’s what the Regional Growth Fund is all about.”

Innovative manufacturing
David Brown Gear Systems, which is a leading manufacturer of gear systems including those for submarines and trains, will use the funding to extend its reach into the renewable energy market, stepping up production of special gears for wind turbines by creating a wind turbine research and development innovation centre. David Brown will be investing around £2.8 million in addition to the government funding.

Vince Cable also visited the University of Huddersfield for the official opening of the Engineering and Physical Sciences Research Council (EPSRC) Centre for Innovative Manufacturing in Advanced Metrology.

This was established earlier this year when EPSRC awarded funding of £4.7 million to the University’s globally-renowned Centre for Precision Technologies. A consortium of leading UK firms and organisations including Rolls Royce and David Brown Gear Systems, contributed a further £3 million.

The Centre has embarked on a five-year project bringing together leading researchers and businesses. The result will be that companies will be able to fit their existing machine tools with devices that ensure almost total accuracy during manufacture, saving money and improving efficiency.

Vince Cable said:

“This is a great boost to the economy in Huddersfield. The investment of £2 million announced today for David Brown and the support for the Centre of Innovative Manufacturing will help businesses in the area expand their capabilities.

“Support of this kind is vital if we are to help businesses create jobs where they are most needed and lever in important private sector investment. I’m looking forward to making more announcements of this kind in the coming weeks.”

Just be a postie over Christmas

Tory minister Chris ­Grayling has made another major gaffe, telling the jobless to get a job as a postman over Christmas to help “give you an idea of the kind of career you want”.

With Britain’s 2.57 million unemployed (at a 17 year high) the Royal Mail has seen their 18,000 Christmas vacancies inundated by 80,000 applications already.

The jobs are minimum wage of £6.08 an hour and would cost applicants their Jobseeker’s Allowance if they worked more than 16 hours a week. They would have to reapply after Christmas… then wait about 10 days for the benefit to start again.

Christmas temps at Debenhams

Debenhams - the high street department store, has announced that it will be creating 6,500 Christmas jobs. The company has also announced fantastic news for permanent job seekers because they are to create 4,050 permanent roles at new stores across the UK and Ireland.

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