A union official has said news of Shell planning thousands of job cuts globally puts the North Sea’s green recovery “in sharp focus”.
North Sea Transition Deal
More than 80% of UK oil and gas workers are considering leaving the industry, according to a new report from climate action groups.
The head of the Oil and Gas Authority (OGA) hopes a government sector deal for the North Sea will be agreed by the end of the year.
The UK's energy minister has said the oil and gas industry will “need to change” to help the country meet its net-zero emissions target by 2050.
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.