The purpose of the new research paper by Linda Stephen and myself is to throw light on the implications of “lower for longer oil prices” on long term activity in the UKCS to 2050. The oil price scenarios employed are $50 and $60 in real terms. For the year 2050 these translate into $96.1 and $115.3 in money-of-the day terms. The price scenarios are not forecasts.
Some three years ago, I chaired a Commission on Developing Scotland’s Young Workforce.
Researchers from the Robert Gordon University have won more than £160,000 in funding from the Foreign and Commonwealth Office to support the the establishment of a South East Asia Marine Energy Centre (SEAMEC) in Indonesia.
Statoil and the Norwegian University of Science and Technology (NTNU) have signed an agreement on research funding for future energy solutions. The group, with a total budget of NOK 50million over the next four years, will look to build-up a research group which can help develop sustainable energy solutions. The first move will be to recruit a researcher who can guide the work and build up the research group based at NTNU in Trondheim.
The final tranche of Energy Voice’s research is set to come to an end as the last survey closes today.