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.
The North Sea is at a turning point. Hundreds of rigs and their associated marine infrastructure are set to be decommissioned. Oil and gas platforms will begin to move out, and infrastructure for offshore renewable energy will move in.
A clean energy revolution is on the horizon, writes OEUK's Emily Taylor.
Confirmation of nuclear as environmentally sustainable removes uncertainty – now to build confidence
In the Spring Budget, the Chancellor confirmed nuclear as “environmentally sustainable” removing an element of uncertainty which will enable the UK to plan and finance nuclear energy infrastructure in the long term. However, building confidence in technology and equipment will be key for the UK Government in delivering new nuclear power generation.
It’s clear that hydrogen produced from renewable energy will play an important role in supporting our transition away from fossil fuels to a low carbon energy system.
Transitioning to a sustainable energy future requires the increased and widespread use of renewable energy sources like geothermal, hydroelectric, solar, wind, and bioenergy. While each renewable energy source competes for market share, a coordinated effort from all renewables is required to meet carbon neutrality objectives.
Aberdonians are having their say on the future of the North Sea, including producing oil and gas in"better" ways and "supporting our own economy".
What does the North Sea think of Amazon Prime's The Rig?
This month, millions of people around the world observed World Mental Health Day, supporting its 2022 theme of making mental health for all a global priority.
Cyber Security is one of the fastest evolving concerns for the world when it comes to protecting technology and people.
Unlike water or gas, in the UK geothermal energy is not recognised by law as a natural resource. Bespoke regulatory systems, licensing and management are urgently needed along with government support to develop the UK’s geothermal sector, writes Dr Corinna Abesser of the British Geological Survey.
The war in Ukraine has jolted European politicians into finally understanding that overdependence on imported energy can carry extreme risks. What they haven’t understand yet though is that you can’t just turn off one set of taps and turn on another.
“Put simply, a just transition is about moving to an environmentally sustainable economy (that’s the ‘transition’ part) without leaving workers in polluting industries behind,” says NGO Greenpeace
I’m a little bemused. Inevitably the ScotWind lease awards were going to trigger all sorts of claims about how the Scottish offshore wind supply chain will gain from this huge project, but nobody seems prepared to explain exactly how this will happen given that we don’t actually have a supply chain of any note particularly when it comes to the high value hardware.
It has been more than 20 years in the making, but at last Aberdeen has got its big chance to prove that it really can become a major player in offshore renewables and especially wind.
A couple of weeks ago, a Scottish green party MSP claimed that it is only the “hard right” who continue to support development of the Cambo oilfield on the UK Atlantic Frontier.
Cut it whichever way you like, little genuine forward progress was made at COP26, in my opinion. At best the outcomes are fragile.
A short time ago, I was at an event in Brussels, talking about the role of natural gas. And there was a gentleman there who didn’t want to engage with our industry at all. At one point he asked me if I was ashamed of my work and said that talking about the future of gas was just our industry looking for a lifeline. He is just one person who sees gas as a problematic energy source. Sadly, he is one of many.
I’ve just received a round-robin email from Greenpeace calling on Brits to tweet Boris and kill off North Sea oil & gas right now.
With COP26 in Glasgow two months away, one might think Scottish political eyes would be turning towards the issues it will discuss, even if that means parking some other preoccupations for the time being. Not so.
“It's been a bad time for me I must admit, a horrendous time.” That’s how Tony*, a former drilling maintenance supervisor from Dundee, describes the impact this year has had on him as an offshore worker.
Reframing the debate: why we should be talking about how to improve exploration and production
Recent press coverage of BP’s partnership with Aberdeen, where BP will become the planning and technical adviser on the “net zero vision” for Aberdeen 2045, together with the AREG chairwomen’s EV article on 'A hydrogen future on the horizon’, raised concerns in my mind relating to over-selling hydrogen.
Large-scale hydrogen storage can enable the rise of renewables while bringing benefits to local authorities, transport companies and electricity suppliers.
There is a saying: “To err is human.” We make mistakes and this can lead to difficulties, even disaster.