By Professor Paul de Leeuw, director of RGU's Energy Transition Institute
The current supply crunch and record-high energy prices, combined with the rapid social, economic and environmental changes are fundamentally reshaping the global political, economic, and societal landscape in which the sector operates.
By Professor Paul de Leeuw, director of RGU's Energy Transition Institute
Record-breaking commodity prices resulting in sky-high gas and electricity prices have prompted calls for fundamental market reform. The European Union (EU) announced in September 2022 that it is looking to impose historic interventions in the energy market to rein in soaring commodity prices, including considering a levy on excess profits and potential gas price caps.
Energy group Centrica said it will donate 10% of the profits made by its British Gas retail arm to vulnerable customers, though only a fraction of bill payers are likely to benefit.
A new report from Robert Gordon University (RGU) suggests ยฃ17 billion of investment could secure the north-eastโs position as a leading global energy hub, but a lack of ambition may lead to significant job losses.
By Professor Paul de Leeuw, director of RGU's Energy Transition Institute
Only six months ago, the spotlight of the world was firmly on COP26 in Glasgow as the defining moment for the world to keep โ1.5 aliveโ. For a brief period, the world was united around a common goal to protect the planet from the worst impact of climate change.
The UK Government has announced plans for regulatory โaccelerators" which it claimed could shave "years offโ development time for new oil and gas projects in the North Sea.
Aberdeen and Grampian Chamber of Commerce (AGCC) has said it has launched what is expected to be its "most significant" survey yet for the offshore energy sector.
With COP26 now in the rear-view mirror, Energy Voice has assembled a panel of experts to give their verdicts on whether the summit really was a climate change turning point.
Industry leaders have insisted that oil and gas firms have a โvaluable roleโ to play in fighting climate change, despite being largely absent from the COP26 summit.
All eyes are on Glasgow as the worldโs leaders prepare to convene for COP26, and the call to action has never been stronger as the climate crisis rolls on.
The new Scottish Government needs to strike a โcareful balanceโ between economic recovery and energy transition in order to protect jobs, according to an industry chief.
One in four UK oil and gas sector employees could be cut in the event of a prolonged downturn, with north-east Scotland expected to โbear the bruntโ, new analysis shows.