This week, BP projected that global demand for oil may have peaked in 2019 and that we shouldn’t ever expect demand to recover to pre-COVID-19 levels. On the face of it, BP’s analysis is stark, with global demand for oil reducing in all three of its scenarios over the next thirty years.
By Stuart Broadley, CEO, Energy Industries Council
Common sense tells us that the UK is a small island with depleted oil & gas reserves and high costs, and that businesses should be growing their export focus to survive and prosper. We all accept this, but the stats are now telling…
All of the turbine jackets for Scotland’s largest offshore wind farm will be fabricated thousands of miles from the North Sea despite a Government-supported bid by Fife’s BiFab.
A revamped leading legal conference for the offshore oil and gas community has attracted over 1,000 registrations for a week of webinars which will consider the issues facing the sector.
More than 200 people joined OGUK’s Industry Insights webinar for young professionals today (Thursday, September 17) to hear how the sector is working to advance new technologies on the route to net zero.
A “fit for purpose” offshore wind planning regime is crucial if the UK is to meet its clean energy targets, Vattenfall’s UK country manager Danielle Lane told Energy Minister Kwasi Kwarteng yesterday.
Five more energy service firms have agreed to help develop an alternative to a key UK North Sea collective bargaining agreement that is being scrapped.
Norwegian billionaire Kjell Inge Rokke, who built most of his fortune on oil and gas, says the time has come to start investing more heavily in renewable energy.
All-Energy, the UK’s largest annual renewable and low carbon energy exhibition and conference, is now scheduled to take place on May 12-13, 2021 at the Scottish Event Campus (SEC).
Horizon Nuclear Power has announced it will be ceasing its activities to develop two projects in the UK following a decision by Japanese giant Hitachi to pull out of the scheme.
More than US$500bn worth of project opportunities will be presented by key major project decision makers from around the globe at the Virtual Energy Exports Conference on Monday 28 September to Thursday 1 October (vEEC Week).
Bosses at Maritime Developments hope a spate of promotions and appointments will act as a “springboard” to international growth for the north-east energy service firm.
The upgrading of Kishorn Port (KPL) as its owners bid to win more work from the oil and gas, renewable energy and decommissioning sectors has continued, with the establishment of new on-site accommodation for workers at the remote Wester Ross facility.
Lithuanian state-controlled energy holding company Ignitis Group is to become a minority partner in the development of the Moray West offshore wind farm.