As governments and corporates set ambitious targets to decarbonise, investment in low-carbon technology is becoming increasingly attractive as a core investment strategy. “Low carbon” comprises technologies that enable the energy transition.
Hydrogen comes in a rainbow selection of colours, but will there also be a pot of gold waiting at the end?
Energy sector figures have hailed the North Sea Transition Deal for recognising the oil and gas industry’s key role in the UK’s shift to net zero.
A ban on future exploration licences would “undermine the fragile confidence” within the oil and gas sector, an industry expert has warned.
OGUK report underlines need for ‘vital support’, says 30,000 job losses remains ‘reasonable estimate’
Oil and Gas UK (OGUK) has warned that the UK’s energy transition is at risk of stalling unless the industry receives “vital support” from government.
Westminster is being urged to ensure that plans for net zero remain a “top priority” for businesses and society in its upcoming spring budget.
Collaboration in the North Sea “has gone backwards” as companies squeeze suppliers in an effort to control costs.
Poor commercial behaviours that blighted the North Sea oil industry during the 2014-16 downturn were increasingly on display in 2020, a new report shows.
The administrator appointed to Burntisland Fabrications (BiFab) has said no redundancies are planned at this stage.
With talk of hydrogen-powered breakfasts as well as trains, ships and planes – have we reached a tipping point where this could become a reality?
Industry chiefs today urged governments to start delivering their net-zero objectives at pace and provide the investment frameworks needed to kick-start projects.
Leading voices from the world of industry will get to grips with the energy transition’s biggest questions at a free online event in one week’s time.
Deloitte UK’s Renewables Leader says there is lots to do for companies to hit their ambitious net zero targets.
Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte LLP.
The transition towards a clean energy future has begun. Following on governments’ footsteps, many leading energy companies are publicly announcing their commitments for 2050. These commitments include targets to reduce greenhouse gas emissions, lower environmental impact and mitigate climate-related risks associated with their business activities. While these targets are for the long term, most companies have started to develop and execute near-term action plans to ensure they progress toward their stated goals. At the same time, they are assessing the risks and opportunities arising from their plans and seek to understand the impacts on their operations and markets.
World leaders were due to convene in Glasgow for the UN Climate Conference (COP26) in November for what was anticipated to be a transformational moment in the energy transition.
Two senior tax professionals have joined the Scottish tax team at EY in the latest announcement of growth and investment by the professional services firm.
‘Clarity’ for North Sea supply chain vital to achieve energy transition targets, Aker Solutions chief says
The UK head of Aker Solutions has called for more “clarity” over how North Sea supply chain firms will fit into the energy transition.
North-east businesses should rely on their resilience and expertise to help them through the coronavirus pandemic, a leading Scottish economist said yesterday.
Some of the UK’s top economists are to address the challenges posed by the coronavirus pandemic in the Press and Journal’s first digital business breakfast tomorrow.
Coronavirus has put an unimaginable strain, not just on the national economy but on industries across the world.
A number of North Sea-focused industry groups have announced they will collaborate on a survey designed to assess the pace of digitalisation growth across the sector.
The LNG industry in Mozambique will have a transformative impact on the country’s economy – and establish it as a regional gas hub, participants on an Africa Oil Week webinar have said.
One of Scotland’s top economists has said the Covid-19 crisis may usher in a “window of opportunity” to support the north-east energy transition.
A senior audit and assurance partner at Deloitte said the downturn could be a “catalyst” for change, but oil firms are first taking steps to survive the “uncharted waters”.