The North Sea Transition deal, announced on March 24, has given industry a clear statement of intent for the coming decade and beyond, but the energy sector would do well to prepare itself for the inevitable legal and regulatory consequences that follow.
The global population of the human species in 1965 was 3.3 billion. Today the estimate is 7.85bn.
It’s several decades since I first wrote about the Crown Estate and its enormously influential hold over Scotland’s coastal waters. At that time, it was a virtually unknown subject. Today, it is more relevant than ever.
I spent a few weeks in the mid-70s blowing up glacial boulders on the Norwegian Statfjord field in preparation for the arrival of the Statfjord Alpha platform.
The UK has just become the first G7 country to agree a landmark deal to support the oil and gas industry’s transition to clean, green energy while supporting some 40,000 jobs. Patent expert Tomas Karger from IP firm Marks & Clerk, who specialises in energy, wireless power and telecoms, reflects on the North Sea transition deal.
The upcoming energy transition will change approaches towards constructing power systems and their topology. Developing renewables is becoming increasingly critical as the transition away from big energy facilities based on using fossil fuels will lead to the redesign of our energy infrastructure, notably distribution grids.
A year in to the COVID-19 pandemic, a consensus is emerging on how best to contain and treat the virus in developed and developing world contexts alike.
The offshore wind industry has achieved feats of engineering in recent decades that helped fuel the UK’s ambitious climate change targets.
This year has been incredibly tough for everyone. Covid-19 has created enormous uncertainties in every aspect of our lives that will reverberate for years. And my strong suspicion is that our society and our industry cannot go through upheavals of this nature, and simply return to life as it was before.
Recently I was briefing one of my fellow colleagues at KPMG ahead of a meeting with a Government Minister. He asked me about ESG reporting and as I marshalled my thoughts it came home to me just how critical reporting really is to progressing this agenda.
When it comes to fighting climate change, we must all stand together or fall.
The upheaval of 2020 accelerated a number of trends that were already in motion, some slower in motion than others: flexible working, digital communication and employee wellbeing to name but a few.
News that the UK government is pondering a North Sea exploration ban has been met with howls of protest – mostly from those who’ve talked a good energy transition but haven’t done very much about it. But re-focusing the sector via progressive change to the licensing regime isn’t “virtue signaling”, as one industry insider put it. It’s downright essential - and long overdue.
From heat pumps to electric vehicles (EVs), recent months have seen a flurry of pledges from the government geared towards decarbonisation of the energy system. The latest came in the Chancellor’s Budget, which included increases in spend on energy innovation and high-tech projects and prototypes. While this level of ambition is welcome, the reality is that even if the entire UK population shifted to electric heating and EVs, our outdated energy networks could not meet this new level of demand for electricity. If the UK is serious about speeding up the decarbonisation of transportation and domestic energy use, the digitisation of networks should be at the top of the to-do list.
The global EPC market was estimated to be worth over US$7.5 trillion in 2019.
The past decade has been a tough one for Scotland’s offshore wind sector.
With Covid-19 continuing to impact the profitability of the supermajors, Ano Kuhanathan, sector advisor at trade credit insurer, Euler Hermes, argues that now is the time for the supermajors/Big Oil to start spinning off their renewables divisions.
Since 1980, Peterhead Power Station, in the North East of Scotland, has played an essential role in keeping the lights on across the country. This has rarely been more evident than over the last year, with our critical workers ensuring the station continues to provide the energy needed throughout the coronavirus pandemic.
As the UK and other countries seek to seize the potential in Floating Offshore Wind (FLOW), the nascent technology offers diversification opportunities for the oil and gas industry and the supply chain.
The idea of an energy transition itself is not new. We have been experiencing it for decades already in the search for reliable, affordable, and less-polluting sources of energy. However, the need to get to net-zero quickly in response to a growing climate emergency is taking us all through uncharted territory.
For many years in the North East of Scotland, the personal service company (PSC), otherwise referred to as a one-man company, has become a fairly standard way to provide services, particularly in the oil and gas sector, due to a mixture of employment law and tax law.
Much of my career has been in the oil and gas sector of the UKCS and I’ve felt extremely privileged to have worked with some amazing leaders over the years and some equally outstanding engineers, scientists, HR professionals.
On this day exactly one year ago, Mintra asked our staff to pack up their desks and make their home space their new office space. We knew that the Covid-19 stay at home order would be coming – it was only a matter of time – and that we needed to act swiftly to keep our team both safe and operational, even before governments made working from home mandatory for non-key workers.
Like so many other parts of the economy, Scotland’s renewable and alternative energy sector has not avoided the impact of the global pandemic. The recent UK Budget set out a variety of key climate and environment measures that, alongside other political and market developments, may re-energise the sector following the recent difficulties.
The skills deficit in energy is a source of concern that has increased rapidly for employers. With global authorities cementing their commitment to reaching net zero targets by 2050 at the latest, the pressure is on for energy companies to deliver against substantial sustainability targets. But a dearth of trained resources has the potential to hinder this growth.