A huge energy transition opportunity awaits, meantime Aberdeen needs to retain its oil and gas skills base.
Opportunity North East (One)
A £30 million investment by Opportunity North East (One) has secured a further £85m in partnership funding since 2016, it was announced last night.
Sir Ian Wood has said it is unlikely that the UK supply chain will take more than 20% of the major fabrication work in the early wave of ScotWind contracts.
Investment worth more than £12 billion is expected to flow into the north-east over the next decade, helping aid the region's economic recovery.
Some of the energy industry’s biggest names are calling on the UK Government to make Scotland part of its initial carbon capture and storage (CCS) plans.
‘Critical juncture’: Sir Ian Wood and Maggie McGinlay talk COP, Torry and Aberdeen’s energy transition
“I feel we deserve to be condemned if we weren’t doing everything we possibly can to find alternatives, but I really believe we are”, claims Sir Ian Wood.
More than £14 million invested in training opportunities in the north-east to boost a net-zero future
The Scottish Government has invested money to support north-east workers and businesses in their recovery from the pandemic and movement towards being net-zero.
A new company tasked with realising Sir Ian Wood’s vision of an Energy Transition Zone in the south of Aberdeen has found its CEO.
North Sea operators are being warned against introducing further “bureaucracy” amid concerns it could make life even more difficult for the supply chain.
North Sea supply chain companies could begin to move elsewhere if operators continue to defer decommissioning, it has been warned.
More than a dozen north-east businesses have been selected to take part in an initiative designed to help firms capitalise on Scotland’s offshore wind expansion.
A new programme aimed at helping domestic supply chain firms benefit from Scotland’s burgeoning offshore wind sector could deliver significant employment opportunities for the north-east.
When developer ERM decided Aberdeen would be the home for Dolphyn, its world-first floating green hydrogen project, it said “it will put Aberdeen on the map”.
Sir Ian Wood urged businesses of all sizes to “co-operate, share ideas, challenge themselves and combine expertise” as he launched the new EnergyTech initiative.
Aberdeen has been selected as the home for the “world’s first” offshore floating facility to produce green hydrogen.
The developers of a new initiative aimed at speeding up the level of innovation in the energy sector are also hopeful it will alter attitudes towards digitalisation.
Most of the North Sea workforce is “yet to see” a positive impact from the digital transformation and remain “highly sceptical”, according a major new report.
Sir Ian Wood has insisted the north-east’s long-term challenges remain the same but warned the impact of Covid-19 will “almost certainly slow progress” for overcoming them.
A number of North Sea-focused industry groups have announced they will collaborate on a survey designed to assess the pace of digitalisation growth across the sector.
Potential for ‘thousands’ of jobs as Sir Ian Wood unveils plans for Aberdeen ‘Energy Transition Zone’
Sir Ian Wood has unveiled ambitious plans to help the north-east economy capitalise on the energy transition, potentially creating “thousands” of jobs in the process.
The past year has been one of transformational change for the energy sector as the world woke up to the climate emergency.
The Oil and Gas Authority (OGA) has set out its strategy to digitalise the North Sea with the aim of taking a slice of a $510bn global data prize.
A two million pound pot has been funded to help north-east start-ups grow to a level which will boost the local economy and employment.
The leading trade body for the North Sea energy sector put the benefits of digital technology under the spotlight yesterday.
Oil and gas veteran Sir Ian Wood has hit out at climate change activists unwilling to further the energy transition conversation.