500 million barrels of oil, which makes it the uk's largest untapped oil field. but the plan has faced widespread criticism. last month 50 mps and peers — from all major parties — raised concerns the oil field could produce 200 million tonnes of carbon dioxide. craig macmahon is senior vice president for research at the energy consultancy wood mackenzie. hejoins us from edinburgh. today we have had a lot about all this controversy all day long. what i want to focus on is the scale of this. talk me through the size of this. talk me through the size of this and what it might do for the uk as an oil producer? the this and what it might do for the uk as an oil producer?— as an oil producer? the scale of it is not insignificant _ as an oil producer? the scale of it is not insignificant but _ as an oil producer? the scale of it is not insignificant but on - as an oil producer? the scale of it is not insignificant but on a - as an oil producer? the scale of it is not insignificant but on a globali is not insignificant but on a global perspective it's much smaller. at peak production levels and around 2028, 60000 and 70,000 barrels a day. currently, oil demand sits at 101 million barrels per day on the global scale. 101 million barrels per day on the globalscale. it 101 million barrels per day on the global scale. it will contribute significantly less than 0.1% of supply. in the uk, it is different. production has been declining. rosebank on a uk perspective would probably contribute around 8% of all production. probably contribute around 896 of all roduction. ., , , production. there has been discussions _ production. there has been discussions about - production. there has been discussions about it - production. there has been . discussions about it exporting, production. there has been - discussions about it exporting, may be the uk will not benefit as much as we will hope? it is be the uk will not benefit as much as we will hope?— as we will hope? it is not clear. the -e as we will hope? it is not clear. the type of _ as we will hope? it is not clear. the type of oil— as we will hope? it is not clear. the type of oil is _ as we will hope? it is not clear. the type of oil is compatible i as we will hope? it is not clear. i the type of oil is compatible with refineries in the uk. it is often exported to other refineries in europe. regardless of rosebank, the uk will remain a net importer of hydrocarbons going forward. it's really the dynamic between the import and export of crude and petroleum products that really shifts and obviously the mockery that we produce, the balance is a bit more in the uk's favour. another thing to say is the more you can increase domestic supply, the more control and overall security you will have within these shores. the auestion will have within these shores. the question of _ will have within these shores. the question of energy security has been on everyone's mind for a while. there will be more of these projects count down the line as western countries try to get more security over their energy? countries try to get more security overtheir energy? it is countries try to get more security over their energy?— over their energy? it is possible. the uk is far— over their energy? it is possible. the uk is far from _ over their energy? it is possible. the uk is far from an _ over their energy? it is possible. the uk is far from an outlier - over their energy? it is possible. the uk is far from an outlier in l the uk is farfrom an outlier in this perspective. we have seen a number of projects sanctioned across the world in 2023. even the perspective of rosebank, is quite small. elsewhere in the uk, there are other development candidates. there will be more scrutiny and attention on what the outlook is for those particular development going forward. thank you so much for your time. the credits could be about to roll on the five month writers strike in hollywood — with a deal finally in the air. the writers guild of america union has reached a contract agreement with the major studio bosses — after marathon talks. the deal includes pay raises and protections around the use of artificial intelligence. no happy ending just yet — the wga's 11,500 members still have to vote to ratify the deal. i'm joined now by alice nutter, a uk—based member of the writers guild of america, who worked on the recent amazon prime series the full monty. let's wait one second, let's see. late on screen there, not your fault at all. if you are not aware at home of alice's full credits, one of them includes amazon prime the full monty. this has had an impact on you personally, hasn't it? i monty. this has had an impact on you personally, hasn't it?— personally, hasn't it? iwrote this series and _ personally, hasn't it? iwrote this series and we _ personally, hasn't it? iwrote this series and we didn't _ personally, hasn't it? iwrote this series and we didn't attend - personally, hasn't it? iwrote this series and we didn't attend the i series and we didn't attend the premiere or do any publicity because as wga members, it would have been breaking the strike and we wanted to show complete solidarity. it broke our hearts because we worked on the show for three years and then couldn't promote it. so show for three years and then couldn't promote it.— show for three years and then couldn't promote it. so it wasn't 'ust the couldn't promote it. so it wasn't just the writing, _ couldn't promote it. so it wasn't just the writing, it _ couldn't promote it. so it wasn't just the writing, it was - couldn't promote it. so it wasn't just the writing, it was all- couldn't promote it. so it wasn't just the writing, it was all the i just the writing, it was all the publicity around it. what has been agreed, especially the thing about al, is this enough to allay people's ai, is this enough to allay people's fears now?— ai, is this enough to allay people's fears now? ., ., , , fears now? there are two big things in this deal, — fears now? there are two big things in this deal, one _ fears now? there are two big things in this deal, one of _ fears now? there are two big things in this deal, one of those _ fears now? there are two big things in this deal, one of those is - fears now? there are two big things in this deal, one of those is al, - in this deal, one of those is al, the other one was residuals, which the other one was residuals, which the streamers were refusing to show the streamers were refusing to show the data of what what's popular and what wasn't popular. and so shows that were making money down the line for them, they would be compensated but because i wouldn't share the data, writers would get nothing. they refused to discuss it in may and now they have agreed to pay writers residuals and release the data, which is massive. these are both things that the streamers in the studio is completely refused to discuss in may. it was a tortuous, terrible 148 days writers, especially americans who are on the picket lines day in, day out. but it was so worth it because what we have got some paper is exactly what we needed and it will guarantee feature writers jobs and a profession. needed and it will guarantee feature writersjobs and a profession. hose writers “obs and a profession. how lona writersjobs and a profession. how lona do writersjobs and a profession. how long do you _ writersjobs and a profession. how long do you think— writersjobs and a profession. how long do you think it will take the things to come back to normal? you can'tjust pick up your pen or go back to your keyboard straightaway. here, i need to say something else, the actors union, completely supporters that matt supported the writers. they need to settle. they are concerned are ai. before hollywood will get going again, the active strike needs to be solved. in terms of your particular one, we still need a nod from all the members. do you think there is confidence that this will be ratified, we will get this deal? yes. ., ratified, we will get this deal? yes. . ., ., ., , ., ratified, we will get this deal? yes. . ., ., ., yes. have done a really great 'ob on this. i was — yes. have done a really great 'ob on this. i was looking * yes. have done a really great 'ob on this. i was looking at h yes. have done a really great 'ob on this. i was looking at what _ yes. have done a really great job on this. i was looking at what the - this. i was looking at what the studios were _ this. i was looking at what the studios were refusing - this. i was looking at what the studios were refusing to - this. i was looking at what the i studios were refusing to discuss this. i was looking at what the - studios were refusing to discuss in may and i have to say we have one now, and that is because people showed an absolute backbone amount on the picket lines each day and people went in solidarity with them. people came together and it mattered. i wasjoyous people came together and it mattered. i was joyous this morning when i looked through the deal on paper. i am when i looked through the deal on paper. iam imagining when i looked through the deal on paper. i am imagining that people will ratify it because it is good for us, basically.— will ratify it because it is good for us, basically. will ratify it because it is good for us, basicall. ., ~ . for us, basically. thank you so much for us, basically. thank you so much for our for us, basically. thank you so much foryourtime- _ staying in the us, and washington has restricted imports from three more chinese companies. it's part of an effort to eliminate goods from the us supply chain made with the forced labour of uyghur minorities. china has respondend by calling accusations that it employs forced labour in its western region of xinjiang the "lie of the century". let's get more on this from our north america business correspondent erin delmore. nobody mincing their words here. investors are particularly worried, it is far from clear how this will work in practice? in it is far from clear how this will work in practice?— work in practice? in fact, china called it the — work in practice? in fact, china called it the light _ work in practice? in fact, china called it the light of _ work in practice? in fact, china called it the light of the - work in practice? in fact, china i called it the light of the century, talking about this measure by the us. it's tied to a 2021 law and the aim is to keep american entities that do business in china from funding forced labour among ethnic minorities in the xinjiang region. it's interesting because it places the burden of proof on the companies to show that they are not producing goods were forced labour. that goes to companies in the region and companies that are named in this list. it's now up to 27 companies, three new additions this week. it is in addition to two other companies that were added in august. thank you so much indeed. _ that were added in august. thank you so much indeed. erin _ that were added in august. thank you so much indeed. erin delmore - that were added in august. thank you so much indeed. erin delmore in - that were added in august. thank you so much indeed. erin delmore in newj so much indeed. erin delmore in new york for us. some other business news making headlines... the french government is planning to cut spending by about $17 billion next year as it tries to reduce the gap between what it brings in and what is spends. a key change will be the phasing out of electricty subsidies to both households and businesses. the finance minister bruno le maire also said he expected the eu's second biggest economy to grow 1.4% next year. the car makers hyundai and kia are recalling a combined 3.37 million vehicles in the united states due to the risk of engine fires, telling owners to park outside and away from structures until repairs are complete. the auto—makers say brake fluid leaks can cause an electrical short — which could lead to a fire. indonesia has banned goods transactions on social media platforms in a new regulation that aims to reign in direct sales by major tech firms — which it says are harming millions of small businesses. government officials have been calling for social media and e—commerce to be decoupled, targeting platforms they say engage in monopolistic practices that threaten offline sellers. the chinese—owned app tiktok has been blamed in particular. the european court of human rights has begun hearing a landmark case brought by a group of young people from portugal. they're accusing governments across europe of not doing enough to stop global warming. they want the court to force more than 30 countries to take stronger measures to cut emissions. the young people say global warming threatens their physical and mental well—being — citing the heatwaves and wildfires affecting portugal in recent years. just a quick time to bring you some news on the market. everything looking pretty good here. we have seen oil going up now, hitting $94 a barrel there. but a pretty good day on the markets. that is all for your business news. we have plenty more of those headlines online on our business section. you can tweet me or anyone on the team. thank you very much for watching. a lot has changed since this man started his apprenticeship in 1963. the beatles had onlyjust released their debut album. the beatles had only 'ust released their debut album._ their debut album. getting the li . hts their debut album. getting the lights back _ their debut album. getting the lights back on, _ their debut album. getting the lights back on, that's - their debut album. getting the lights back on, that's what - their debut album. getting the lights back on, that's what it's| their debut album. getting the i lights back on, that's what it's all about. he lights back on, that's what it's all about. , ., ., ., , , about. he is 75 now and has been workin: about. he is 75 now and has been working on _ about. he is 75 now and has been working on the — about. he is 75 now and has been working on the overhead - about. he is 75 now and has been working on the overhead power. about. he is 75 now and has been i working on the overhead power lines across kent and sussex for 60 years. i thought i would be long gone by now. but there we are, i'm still here. , . , , now. but there we are, i'm still here. , ., , , . , here. he is absolutely incredible and to think _ here. he is absolutely incredible and to think he _ here. he is absolutely incredible and to think he still _ here. he is absolutely incredible and to think he still does - here. he is absolutely incredible and to think he still does the - here. he is absolutely incredible and to think he still does the job he does. — and to think he still does the job he does, we haven't seen anyone else still going _ he does, we haven't seen anyone else still going at _ he does, we haven't seen anyone else still going at height, still keeping the youngsters in check. the biggest moment of his _ the youngsters in check. the biggest moment of his career _ the youngsters in check. the biggest moment of his career was _ the youngsters in check. the biggest moment of his career was the - the youngsters in check. the biggest moment of his career was the great | moment of his career was the great storm in 1987 which takes almost three weeks to completely restore the power. three weeks to completely restore the ower. , ., , ., three weeks to completely restore the ower. , . , ., ., the power. devastating for the network. brought _ the power. devastating for the network. brought the - the power. devastating for the network. brought the lines - the power. devastating for the i network. brought the lines down, polls snapped off, transformers on the ground. it was a majorjob to get it all rebuilt. it is the ground. it was a ma'or “0b to get it all rebuiltfi get it all rebuilt. it is clear that nothin: get it all rebuilt. it is clear that nothing will — get it all rebuilt. it is clear that nothing will stop _ get it all rebuilt. it is clear that nothing will stop him _ get it all rebuilt. it is clear that nothing will stop him any - get it all rebuilt. it is clear that nothing will stop him any time | get it all rebuilt. it is clear that - nothing will stop him any time soon. i have no plans for retirement, so i will keep plodding on. hello from the bbc sport centre. the ryder cup get�*s under way on friday in rome, it will be the first tournament since the start of the breakway liv golf series. brook koepka is the only rebel golfer taking part on the us team, europe made the decision to exclude liv golfers, so no ryder cup legends sergio garcia, lee westwood and ian poulter. it's certainly a little strange not having them around but i think this week of all weeks, it's going to hit home with them that they're not here and i think they are going to miss being here more than we are missing them. i think this week is a realisation that the decision that they made has led to not being part of this week and that's tough and the landscape in golf is ever—changing and more dynamic and we will see what's happening and whether they will be a part of it in the future. i always

Related Keywords

Flight , Offshore Oil Field , Critics , Scotland , Writers , Strike , Reaction , Taxpayer Millions , Tv Screenwriter , Enviromental Damage , Fact , Hollywood , One , Five , The Uk , Development , Owners , Regulators , Consent , Production Approval , Rosebank Offshore Development , Shetland , World Business Report , Field , Concerns , Ithaca Energy , Reassurances , 80 , Soil , Barrels , Oil Field , Parties , Plan , Criticism , Peers , Mps , 50 , 500 Million , Vice President , Hejoins Us , Research , Craig Macmahon , Carbon Dioxide , Energy Consultancy Wood Mackenzie , Edinburgh , 200 Million , Scale , Oil Producer , Size , Lot , Controversy , Perspective , Globali , Peak Production Levels , Oil Demand , 70000 , 60000 , 2028 , 101 Million , Production , Supply , Globalscale , 0 1 , Discussions , It Production , It Exporting , Rosebank On A Uk , Roduction , 8 , 896 , Type , Refineries , Dynamic , Europe , Importer , Hydrocarbons , Rosebank , Petroleum Products , Bit , Export , Balance , Mockery , Crude , Favour , More , Security , Thing , Shores , Question , Control , Everyone , Mind , Energy Security , Auestion , Energy , Countries , Outlier , Projects , Line , Farfrom , Elsewhere , World , Number , 2023 , Outlook , Attention , Scrutiny , Candidates , Deal , Credits , Hair , Contract Agreement , Studio Bosses , Writers Guild Of America Union , Members , Protections , Use , Raises , Pay , Artificial Intelligence , Ending , Marathon Talks , 11500 , The Full Monty , Alice Nutter , Let S See , Amazon , Home , Wall , Screen , Fault , Alice , Hasn T , It , Impact , Monty , Series , Personally , Publicity , Premiere , Iwrote , Solidarity , Wasn T , Writing , Show , Couldn T Promote It Show , Hearts , Ust The Couldn T , Couldn T , Three , People , Things , Fears , Ai , Meal , Two , Residuals , Streamers , Data , Wasn T Popular , Making Money Down The Line , Nothing , May , Picket Lines , Americans , Studio , Tortuous , Day Out , 148 , Profession , Paper , Feature Writersjobs , Hose Writers , Lona Writersjobs , Jobs , Obs And A Profession , Something Else , Keyboard Straightaway , Pen , Union , Supporters , Bob , Confidence , Yes , Terms , Nod , Job , I Studios , Backbone , Amount , Iam , Us , Companies , Imports , Staying , Washington , Basically , Basicall , Chinese , China , Part , Labour , Goods , Minorities , Effort , Lie , Calling Accusations , Western Region , Supply Chain , Uyghur , Respondend , Xinjiang , Erin Delmore , Nobody , Words , North America Business Correspondent , Practice , Work , Measure , Law , Investors , 2021 , Region , Entities , Business , Aim , Funding , Proof , American , Burden , Additions , List , 27 , Addition , Business News Making Headlines , Newj , New York , Government , Businesses , Bruno Le Maire , Planning , Key Change , Spending , Gap , Households , Phasing , Subsidies , French , Eu , 7 Billion , 17 Billion , Engine Fires , Economy , Risk , Vehicles , Kia , Car Makers Hyundai , 3 37 Million , 1 4 , Regulation , Indonesia , Brake Fluid Leaks , Fire , Goods Transactions , Which , Repairs , Structures , Social Media Platforms , Auto Makers , Monopolistic Practices , Government Officials , Millions , Social Media , Platforms , Tech Firms , Sales , E Commerce , Decoupled , Sellers , Tiktok , Particular , Group , Portugal , European Court Of Human Rights , Hearing A Landmark Case , Measures , Governments , Emissions , Court , Warming , Global Warming , 30 , Well Being , Wildfires , Heatwaves , Market , Everything , News , 94 , 4 , Anyone , Team , Barrel , Business News , Markets , Headlines , Business Section , Watching , Oman , Flights , Album , Debut Album , Dust , Hts , Onlyjust , Debut Album , Apprenticeship , Li , The Beatles , , 1963 , Power , Lines , I M Still Here , Workin , About , Kent , 60 , 75 , Check , Youngsters , Career , We Haven T , Height , Devastating , Network , Ground , Storm , Transformers , Majorjob , Polls , Tower , 1987 , Rebuilt , Nothin , Rebuiltfi , Plans , Retirement , Plodding On , 0 , Decision , Rebel Golfer , Tournament , Way , Start , Breakway Liv Golf , Ryder Cup , Bbc Sport Centre , Brook Koepka , Hello , Rome , Sergio Garcia , Liv Golfers , Strange , Ian Poulter , Lee Westwood , Realisation , Landscape , Golf ,