A major development to shift the economy away from reliance on oil and gas is being given £26 million by the Scottish Government.
Energy Transition Fund
Scottish Conservative leader Douglas Ross will argue today that protecting North Sea oil and gas jobs should be prioritised over climate change targets.
Holyrood’s energy minister has described Scotland as “potentially the best placed country in Europe” to deliver carbon capture utilisation and storage (CCUS) on a commercial scale.
In common with some other industry events, we took the decision to keep Decom Offshore in the calendar. Despite the difficulties wrought by the global pandemic, decommissioning has been in the headlines a number of times over the past six months. Decommissioning of offshore assets is inevitable and seismic market shifts as we’ve all recently encountered serve as a catalyst for further conversation around the timing and approach.
A £62million Scottish Government support package has been unveiled to help oil and gas firms make a green recovery from the Covid-19 crisis.
Energy services firms Wood and Global Energy Group have praised a new £62m Scottish Government package, saying it will “build momentum” towards a "true energy transition".
A new multi-million pound Scottish Government energy support package has been welcomed by the renewables sector but must not “endanger progress” on carbon emissions.
Sir Ian Wood, chair of economic development body Opportunity North East (ONE), comments on the Energy Transition Fund announcement from the Scottish Government.