The Scottish government wants reforms in the tax regime of the North Sea oil and gas sector to ensure long-term sustainability, the energy minister said. Scotland pegged its future during a bid for independence on revenue from oil and gas reserves in the North Sea. The bid failed last year, though Scottish Energy Minister Fergus Ewing said frustration endured in the sector. “The oil and gas industry is a strong success story for Scotland and will continue to be,” he said in a late Thursday statement. “However, because of the mismanagement of oil and gas fiscal policy by the U.K. government, challenges remain and we must tackle the on-going cost pressures and the fall in oil prices head on.” Ewing said the region’s energy sector needs a […]