Following the Government's target of net zero emissions by 2050, the recent publication of the Green Finance Strategy, endorsed by both the Department of Business, Energy and Industrial Strategy (BEIS) and Treasury, represents an initial steppingstone to achieving a carbon neutral economy.
With North Sea helicopter safety in the spotlight, there will doubtless be many offshore workers once again spooked by having to commute to their places of work using a mode of transport that they would not ordinarily choose.
In the week or so before I sat down at my desk to write this column, four important and potentially linked events took place.
Climate change and the energy transition have competed for media attention recently, pushing Brexit-focused news off the front page and giving us the ideal opportunity to highlight why our industry is going to be needed now more than ever.
The focus of industry and the OGA on asset stewardship has played a vital role in the turnaround of performance across the UKCS.
Combining a mixture of clinical and safety responsibilities can, in the right circumstances, be extremely effective and perhaps nowhere is this more apparent than in the offshore oil and gas sector.
Given Aberdeen’s long-established position as Europe’s leading energy hub and its global reputation for energy project delivery, the energy transition is set to have a major impact on the local supply chain.
It did not take long for declarations of a climate emergency to prompt the kind of episode they are assumed in some quarters to legitimise.
Uncertainty relating to Iran and the US-China trade war has led volatile oil prices and the postponement of a key OPEC meeting. The recent exchange of words between US and Iranian leaders has not calmed markets.
Several gas-producing provinces in Europe have confirmed a worrying trend.
Meta: In the oil and gas industry, Industrial Internet of Things-driven solutions can increase the productivity of drilling and extraction operations by 30% by turning the data from multiple geographically distributed oil wells into informative insights about wells’ performance.
Is 14th September 2019 in your business calendar?
The oil and gas sector is sharpening its digital game. The downturn was a wake-up call. It forced companies to be more resilient in a low oil price environment. And it brought digitalisation to the fore.
Despite failing to meet the latest climate change targets, Scotland has an excellent track record of carbon reduction achievements.
Director of the Oil and Gas Institute, Professor Paul de Leeuw, and Business Analyst, Sumin Kim, tonight join gender balance AXIS Network’s event for a fascinating insight into the data behind the UKCS Workforce Dynamics Skills Landscape report.
Both the UK and Scottish governments have been strangely silent on the highly dangerous game of cat and mouse being played out in the North Sea between an offshore giant and activists from Greenpeace.
The immediate economic consequences of the BP-Greenpeace standoff over the Vorlich field are obvious: the drilling operations are delayed and, as operations of this type are very costly, only a few days can have a considerable impact.
With offshore supply chain opportunities under the spotlight in Aberdeen this week, it is important to realise that this isn’t just about oil & gas.
A report in the New York Times that the U.S. Cyber Command has intensified secret efforts to hack the Russian power grid is less interesting for its content than because of U.S. officials’ apparent cooperation in publicizing the activity. Like any power grid undergoing a digital transformation, the Russian one is quite hackable – but why would the U.S. want public discussion of the matter?
Earlier this week the Crown Office announced a Fatal Accident Inquiry into the 2013 helicopter crash off Sumburgh. Lisa Gregory, a solicitor who represented many of the passengers, gives her reaction:
Theresa May’s recent commitment to the UK being carbon neutral by 2050 prompted me to re-look at the UK’s gas and electricity supply and demand statistics.
We Scots are often guilty of failing to enunciate our Ts. If you ever hear us referring to a “bah-ery”, we’re talking about energy storage systems.
The financial climate of the oil and gas sector in recent years has caused a number of trends to emerge that have caused a shift in the way business is carried out.
The Oil & Gas industry is synonymous with the word ‘extreme’ but in many ways that term doesn’t translate well when it comes to keeping up with the latest of technology trends.
In the last year, mergers and acquisitions (M&A) activity in the oil & gas sector has shown continued hesitation from the heady days of $100 oil back in 2013. However acquisition activity is showing signs of gaining pace, and may become more aggressive than ever.