The UK’s Climate Change Committee published its report on the impacts of net zero on the workforce last week, but the energy sector is already acutely aware of the challenges the energy transition poses to its future prosperity.
A crunch on the ability of firms to find skills for oil and gas and renewable energy are a “significant threat,” Aberdeen business leaders have warned.
By Graham Carberry, Managing Director at Arrowpoint Advisory
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Energy was one of the fastest growing segments within 2022’s record global M&A market, rising an impressive 25% from the year prior, according to the latest Arrowpoint Advisory data.
By By Michael Diamond, Managing Director Scotland, Norman Broadbent Group
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Aberdeen’s ongoing transition of decarbonising the oil and gas industry and investing in the development of sustainable green energies has the potential to inject new life into the city, restoring its position on the world stage as an economic powerhouse.
In the second episode of Season 2 of the Gigawaters podcast, Sustainable Growth Voice editor Felicia Jackson and guests discuss what is needed to create an enabling environment for a future that is economically, environmentally and socially sustainable.
A survey, commissioned by OEUK and carried out by YouGov, found that nearly three-quarters of MPs believe the UK’s net zero goals can only be achieved through collaboration with the oil and gas sector.
UN secretary-general Antonio Guterres has bluntly challenged the climate efforts of President Joe Biden and other world leaders in a message for a White House summit.
Analysts at Wood Mackenzie have warned oil and gas firms to avoid "protecting the status quo" as they balance shareholder demands and low carbon guidelines.
Orkney Harbours have a plan to play a leading role in the drive to net zero. They have an enviable position in the north of Scotland where the surrounding seas contain huge potential for wind, wave and tidal power.
One of my old friends, a Norwegian by the name of Reidar Niemi who ran Stolt Nielsen’s subsea business in Aberdeen in the early 80s once asked me “what the hell is the matter with your (expletive deleted) Scottish banks?”.
By Graeme Robertson, Joint Venture & Contract Audit Director at AAB
Our frontier regions of the UKCS are experiencing real challenges in respect to the energy transition. We as a nation and as an economy must be careful what we wish for in terms of ensuring energy security, stable pricing, meeting carbon emission targets and ensuring that the lights do indeed stay on.
For oil and gas workers looking to increase wages or change their employment package, “now would be the time to look around”, says Airswift’s James Allen.
Saudi Aramco’s top official warned Sunday that an increased focus on climate was undermining investment in oil and gas to the point where it now posed a threat to the world’s energy security.
OPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.”
Weeks after a former BP CEO said the sector was being “demonised”, employee pride at the oil giant is, in fact, higher than ever, according to its current boss.
News this month that Cromarty and the Firth of Forth have been chosen to become Scotland’s green freeports was unquestionably a bitter pill to swallow for the energy sector in North-east Scotland.