CCUS

Europe

Europe’s CCS projects boosted by increased funding

Increased funding from the EU and national governments have boosted the prospects for carbon capture technologies in Europe. Three projects in the Netherlands, Norway and UK could be operational by 2024.

Opinion

We must lead. We must act.

The Covid-19 pandemic has had a vast impact on people’s lives, as well as on companies around the world.

Promoted

SPE Aberdeen Section focuses on the energy transition

The clock is now ticking to reach the target of Net Zero by 2050 in the UK (2045 in Scotland).  The oil and gas industry is a critical part of this transition to net zero and has the potential to be the leader in developing the solutions which will unlock a new, low carbon economy. This pivotal role of the oil and gas industry was clearly recognised recently by the Scottish Government with the £62 million Energy Transition Fund to support net zero projects.

Opinion

Time to get tough over climate change

Don’t know about you but my patience with certain politicians, the oil and gas industry and indeed a few entire countries is running just a tad thin nowadays. Why? Because I am not seeing the progress in dealing with climate change that I should be seeing.

North Sea

North Sea industry transition to continue in 2020

The North Sea oil industry has been in transition for some years following the collapse of oil prices in late 2014.  Large cost reductions have been painfully achieved.  Production has increased due to a combination of new fields coming on stream plus a substantial increase in production efficiency to around 75%.  But new field investment expenditure has fallen dramatically since 2015 and exploration remains at a relatively low level reflecting principally the maturity of the province as well as oil and gas prices far below their pre-2015 levels.