Spend on projects in the UK North Sea is expected to top £20 billion over the next five years, a flagship study has revealed.
North Sea Transition Deal
Nearly 35,000 UK jobs supported by the oil and gas industry have been lost in the last year as Covid and volatile prices struck, according to a landmark new report.
Details of further government support for decarbonising the North Sea oil and gas sector will be considered by the UK government ahead of its autumn spending review in November, the minister for energy and climate change has said on a visit to Aberdeen.
A fledgling company behind a £10-billion plan to decarbonise swathes of North Sea oil platforms using 200 of the largest floating wind turbines has revealed the identity of one of its partners.
Trade unions and climate campaigners have called for the creation of an “offshore training passport” to help workers move between the oil and gas and renewables sectors more easily.
Industry body OGUK will conduct one of the sector’s biggest workforce engagement campaigns as part of a wider effort to deliver a fair energy transition.
Sir Ian Wood has criticised governments for removing overseas trade support for oil and gas activities, saying it won’t reduce carbon emissions “one inch”.
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed – beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.
The phrase “Energy Transition” is now a central theme in climate change terminology, but transition to what energy sources and over what time period?
This year, the government will host COP26, the UN’s global climate change conference, and share how we will reach net-zero emissions by 2050.
Westminster is being urged to put an Aberdeenshire project at the heart of its plans to roll out carbon capture and storage (CCS).
UK oil and gas firms would have to fully electrify the west of Shetland and central North Sea basins to achieve government and industry’s green goals, an analyst has said.
A renowned petro-economist believes carbon pricing will be one of the “sticks” the UK Government uses to compel oil firms to invest in emissions-busting technologies.
The chief financial officer (CFO) of Shell has cautioned that a ban on UK oil and gas exploration would mean “trade-offs” for the energy system.
Sir Ian Wood has said he is confident the UK Government will not cave into pressure over continued oil and gas production in the North Sea.
There is still time to sign up for a prestigious online event shining a spotlight on green recovery and the energy transition.
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”.
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.