By Arran Mackenzie, Corporate Finance Partner at Addleshaw Goddard Aberdeen
Oil and gas service sector companies are finding it harder to source private equity investment potentially jeopardising a successful - and speedy - energy transition.
By David McEwing, co-head of energy practice at Addleshaw Goddard
Offshore Europe’s 50 year anniversary is an occasion to celebrate the huge success the energy industry has brought to Aberdeen and Northeast Scotland over the past five decades.
It's hard to tell which of the two North Sea-based dramas which premiered recently had more viewers watching through their fingers – supernatural TV show The Rig or the announcement of the Scottish Government's draft Energy Strategy plan.
By David McEwing, partner and co-head of energy and utilities at Addleshaw Goddard
In late 2022, I attended the World Energy Capital Assembly in London, where leading energy executives, financiers and investors gather to look at the future of the oil and gas industry. Coming at the tail end of a year largely characterised by doom and gloom – war, and political and economic uncertainty – it offered a chance to gauge the mood of the sector.
"Looking ahead to 2023, it's pretty clear that what we are looking for is boredom”, says Addleshaw Goddard partner and co-head of oil and gas, Paul Jones, after the turbulence of the past 12 months.
ETIDEX 2022 kicked off with its Energy Transition Forum in which key players in the sector discussed the importance of keeping skilled workers in Aberdeen.
By Daniel Marston, Managing Associate in law firm Addleshaw Goddard's Planning and Infrastructure Consenting Team
Daniel Marston, a Managing Associate in law firm Addleshaw Goddard's Planning and Infrastructure Consenting Team, looks at whether, and more importantly how, the direction could change in relation to the policy on developing new onshore wind farms in England.
On one of the final days of last year's COP26 summit in Glasgow, countries throughout the world signed a declaration which stated that female leadership is not only crucial as a means to address social inequalities but to eliminate the threat of climate change.
By Robert Phillips, legal director, and Kelly Brown, managing associate, Addleshaw Goddard
Kelly Brown and Robert Phillips, from the employment law team at Addleshaw Goddard, examine the implications for oil and gas employers & employees of new requirements for helicopter baggage searches.
Law firm Addleshaw Goddard has hired ex co-head of Fieldfisher's energy and natural resources team, Matthew Williams, as a partner within its infrastructure projects and energy (IPE) team.
By William Smith, managing associate, Infrastructure, Projects and Energy at Addleshaw Goddard
At the opening of COP26 last month, Prince Charles told an audience of global leaders that a vast, military style campaign by the private sector would be the only real prospect we have of beating the clock on climate change.
A new survey finds that more than half of Scottish businesses are committed to achieving net-zero, but that costs will affect the bottom line amid pandemic recovery.
The cacophony around Cambo could throw a “huge spanner” into the works with regards to investment appetite in the North Sea, an industry expert has said.
Only two years ago, Africa seemed set to become the world's next major producer of oil and gas. International companies were scrambling to win exploration rights in frontier markets in West Africa; countries in North Africa were excited about new discoveries in the Mediterranean Sea; and natural gas was identified as a long-term transitional energy source, creating new opportunities for low-income nations such as Tanzania and Mozambique.
Although key barriers remain, the worldwide potential of hydrogen is vast. Some estimate an investment pipeline of $300 billion, with hydrogen possibly supplying 18% of global energy by 2050. The Gulf States are particularly well placed to capitalise as producers and exporters of clean hydrogen.
Large oil and gas players have a “massive role” to play in driving “change for good” across the world, particularly in protecting LGBTQ+ rights, an industry expert has said.