INTOG can provide lift-off for future energy
Decarbonisation of oil and gas activities in the North Sea, largely through electrification, will play a central role in Scotland's ongoing energy transition.
Decarbonisation of oil and gas activities in the North Sea, largely through electrification, will play a central role in Scotland's ongoing energy transition.
The upcoming INTOG offshore wind round is among a raft of “different opportunities” Equinor (OSLO: EQNR) is chasing in Scotland.
Last month, Crown Estate Scotland (CES) provided some long-awaited information about the new leasing round for Innovation and Targeted Oil and Gas (INTOG) projects. It offered clarity on the proposed application process and indicative timelines for each phase, as well as an outline of how applications would be evaluated.
Shell has said it is working with Siccar Point Energy and the UK Government to “map out the next steps” on the Cambo project.
Masdar did not win a piece of the ScotWind action this week, but the company is keenly interested in further offshore wind opportunities in the UK.