The CEO of BP has described an IEA net zero scenario calling for the end of new oil and gas projects as “credible”, despite the firm planning major fossil fuel developments.
Energy giant BP has confirmed that a subsea development is among the options being weighed up for its Clair South project, west of Shetland.
West of Shetland operators are working with “serious intent” to get huge new oil projects “to a net zero outcome”, according to the head of a major clean energy scheme on the islands.
Energy Voice recently reported on Shetland Islands Council's ambitions to retain more tax revenue from oil and gas operations around the isles in its self-determination bid. Jon Fitzpatrick, managing director of consultancy Gneiss Energy, gives his view.
BP will put its Clair South project on hold due to the impact of the Covid-19 pandemic, the company confirmed today.
BP has pushed back a final investment decision (FID) on its Clair South project to make sure it aligns with low carbon ambitions.
BP expects to make a “properly assessed decision” next year on whether to keep exporting oil to Shetland’s Sullom Voe terminal.
Energy service firm Aker Solutions confirmed today that it will provide engineering services for BP's Clair South project in the UK North Sea.