Premier Oil’s UK and North Sea boss has stepped down from the role to follow his “strong personal interest” in climate change as the firm announced a new net zero policy.
Record levels of production from its North Sea assets were not enough to halt a drop in pre-tax profits for Premier Oil in 2019.
First Minister Nicola Sturgeon visited Heriot-Watt University (HWU) in Edinburgh yesterday to mark the start of a new five-year partnership between oil giant Total and HWU’s Institute of Petroleum Engineering.
Total’s new UK managing director, Elisabeth Proust , said the firm’s £3.5billion West of Shetland investment was a much needed reminder that there was still everything to play for in UK energy sector – regardless of oil price.