Serica Energy’s chief executive says the decision not to outlaw new North Sea exploration licences was “very important” in helping the industry “step back from the cliff edge”.
North Sea Transition Deal
One of the conundrums of the pandemic has been how the M&A market has carried on apace, and indeed in some parts of the economy it is very active.
Former Conservative prime minister Harold Macmillan’s "middle way" and New Labour’s "third way" describe an approach that seeks to occupy the "radical centre" between two extremes.
Businesses following the recent raft of flagship green support measures, announced to support energy transition in the north east of Scotland, could be forgiven for losing track last month.
The North Sea Transition deal, announced on March 24, has given industry a clear statement of intent for the coming decade and beyond, but the energy sector would do well to prepare itself for the inevitable legal and regulatory consequences that follow.
The UK has just become the first G7 country to agree a landmark deal to support the oil and gas industry’s transition to clean, green energy while supporting some 40,000 jobs. Patent expert Tomas Karger from IP firm Marks & Clerk, who specialises in energy, wireless power and telecoms, reflects on the North Sea transition deal.
North Sea firms will need to “come together and work differently” in order to take full advantage of the UK Government’s transition deal.
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.
When it comes to fighting climate change, we must all stand together or fall.
A landmark £16 billion deal has given the North Sea oil industry a huge boost in its quest to transition to a low-carbon future.
The “stage is being set” for a UK North Sea recovery from the second half of this year, according to the flagship oilfield services report (OFS) from EY.
The UK energy minister said the government is endeavouring to strike a “careful balance” between achieving net zero while preserving North Sea oil sector skills and security of supply.
News ahead of tomorrow’s Budget that Scottish businesses are set to receive a boost to energy transition efforts have been widely welcomed by our industry.
The UK Government has given fresh commitments that the planned North Sea transition deal will be delivered by the end of next month.
Business Secretary Kwasi Kwarteng has said he is “hopeful” a North Sea transition deal with the oil and gas sector can be agreed this year.
The manufacturer for the largest wind farms in Scotland has announced plans for 220 job cuts in what has been described as a "body blow" for the sector.
Disruption can bring opportunities, and those businesses which have a mindset of accepting opportunities thrown up from the unwelcome disruption caused by Covid-19 will survive and thrive, while new businesses will emerge to capitalise on these opportunities.
Shell is planning 330 job cuts from its UK oil and gas business, the majority in Aberdeen, as part of its global restructuring.
The UK’s energy minister has reinforced that support for North Sea oil and gas is reliant on the sector “playing ball” in terms of decarbonisation.
Hydrasun’s boss has said the “unity of effort” shown by the firm’s employees and people in the wider oil and gas industry made 2020 a hard but “strangely rewarding” year.
Emerging technologies will be key to delivering the Government’s decarbonisation strategy and 2050 zero-carbon target, according to energy experts at Pinsent Masons.
The UK Government today vowed to agree a North Sea transition deal with the oil and gas sector during the first half of 2021.
North Sea firms are on track to produce roughly the same amount of oil and gas in 2020 as they did last year, despite the Covid-19 pandemic throwing up huge challenges, a new report reveals.
Shell’s UK North Sea chief has said the task of engineering ageing oil platforms to run on green power would be as complicated as “open heart surgery”.
Scottish Conservative leader Douglas Ross will argue today that protecting North Sea oil and gas jobs should be prioritised over climate change targets.