Offshore Europe 2019 has precipitated a number of reports on the importance of Carbon Capture Utilisation and Storage (CCUS) to achieving the UK’s net zero target. Indeed some commentators state that CCUS is essential; it is not an option.
A company in the US called ZeroAvia has just installed a hydrogen fuel cell powered electric powertrain in a six-seater aircraft.
In the 50 years since the first gas discovery in the West Sole field, technological innovation has driven exploration and production in the UK North Sea.
For almost 30 years I have been relentlessly battered with the oil & gas industry’s supposed track record in innovation.
In Aberdeen this week more than 36,000 global oil and gas professionals have gathered to debate, lecture, promote and celebrate the achievements of the energy industry at the biennial SPE Offshore Europe conference and exhibition.
After a number of very difficult years, a spirit of measured optimism has returned to the North Sea oil business.
When the Russian spacecraft Venera-7 touched down on the surface of Venus in December 1970, it set about a task that only a specially designed machine could do.
The development of innovative technology solutions has never been more crucial to the oil and gas industry than it is right now.
Quanta has enjoyed a major expansion over the past two years.
Barriers to digital collaboration and shared value creation and suggested strategies to overcome them.
There are contrary views on forward oil and gas prices.
There may be many ways to answer the question, ‘When did it all begin for the UKCS?’ but for the sake of argument, let’s start with the discovery of the Brent field back in 1971.
Carbon capture and storage (CCS) seems to be everywhere at moment – in just the last week, two major reports have come out calling on governments in the UK to act on its delivery. Over the last year, report after report has emphasised the necessity of CCS in tackling climate change, and the urgency of deploying it in industrial clusters around the UK.
It’s fifth offshore oil & gas licensing round is likely to be the final throw of the hydrocarbons dice for the Faroe Islands.
The Oil & Gas Technology Centre is planning to set up a Net Zero Solution Centre with a view to making the UK Continental Shelf the first net zero oil & gas basin globally.
While it is becoming commonplace to hear the names of investors reported alongside the names of their investee companies who have acquired UKCS assets, obtaining investment in oil and gas projects remains a complex area for independent oil and gas companies looking to grow their presence, or international organisations hoping to invest in the UKCS.
Plant Integrity Management (PIM) believes outcome-based contracts will deliver fairer returns for all by driving innovation and subsequently improving bottom line returns and positively impacting sustainability.
Aberdeen’s destiny as a global energy capital of the 21st Century is very much in its own hands. But to fulfil this destiny it must heed the lessons of history.
In the run-up to Offshore Europe 2019, I had a cracking conversation with Simon Gray, chief executive of the lively East of England Energy Group.
Momentum is growing on a global scale to take action on climate change.
“Knowledge is everything” may be an overstatement, but every aspect of all businesses, from planning, to project management, to safe operations, requires detailed knowledge.
We are all morally obliged and legally compelled to reduce our impact on the environment – and, as individuals, each and every one of us has a duty to do all we can to look after the planet our children and grandchildren will inherit.
With global climate change protests, declarations of climate emergency and the media hype around Greta Thunberg, there is every likelihood of some sort of attempt by protestors to target Offshore Europe and hi-jack the headlines with their agenda.
OGUK’s Economic Report 2019, which launches this week at Offshore Europe, will reinforce the importance of the UK’s oil and gas industry, a sector that is critical in meeting today’s energy needs and one that will be a key contributor to tomorrow’s energy mix.
New levels of North Sea upstream deal activity in 2019 are giving us many reasons to be positive and optimistic about the future.