New investment in the energy transition can be a “crucial pathway” out of the latest downturn for North Sea firms, according to the head of the Oil and Gas Authority (OGA).
A leading analyst has described it as “disappointing” that the Chancellor that put a vital net zero technology lower down his list of priorities than repairing potholes.
The recognition of Peterhead port as a key transfer location for carbon capture and storage (CCS) has been heralded as important to the long-term future of the North Sea.
