The head of the Oil and Gas Authority (OGA) hopes a government sector deal for the North Sea will be agreed by the end of the year.
The UK's energy minister has said the oil and gas industry will “need to change” to help the country meet its net-zero emissions target by 2050.
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.
Neil Sims is encouraged by the “horsepower” that’s being put behind the sector’s new sector deal application.
The North Sea oil industry’s old guard is concerned that the sector’s regulator is “losing balance” as a result of its efforts to help government meet net-zero targets, a top boss has claimed.
Michael Gove has reiterated the UK Government’s consideration of a north-east oil and gas sector deal and confirmed he is exploring support for the city’s hydrogen project.
More than 7,500 oil and gas workers have lost their jobs since the onset of the coronavirus crisis and tens of thousands more could go, industry leaders have warned.
An Aberdeen MSP has written to Westminster calling on the UK Government to match a £62 million support package made to the north-east oil and gas sector last week.
An oil and gas sector deal could ensure any further BP-scale job losses are "headed off at the pass", according to a north-east MP.
The “extremely challenging” conditions presented to the North Sea industry “emphasises the need” for the government’s promised oil and gas sector deal, according to EY.
Investing in capital markets is, speculators aside, a long- term play. When times are good investors can relax and take pleasure in their investment prowess; when times are bad investors need to remind themselves, they are in for the long term, and play to the fundamentals.
MPs from across the political spectrum yesterday urged the UK Government to make progress on a vital deal to sustain the North Sea energy industry.
The Offshore Wind Sector Deal between the UK Government and the offshore wind industry aims to keep the UK’s global lead by hitting the 30GW capacity mark by 2030 and supplying 30% of the UK’s electricity needs.
A key player behind the oil and gas sector deal yesterday called for more “urgency” in implementing the proposals.
An “ambitious” oil and gas sector deal will be crucial to protect the north-east’s status as a global energy powerhouse, a new report said.
SNP deputy Westminster leader Kirsty Blackman has warned against an "absolute nightmare" no-deal Brexit scenario ahead of the Chancellor's Autumn Budget.
No sector deal also means no delivery of Vision 2035, a former North Sea chief will warn today in evidence to the Scottish affairs committee at Westminster.
Later today, with my colleagues Neil Gordon, Subsea UK Chief Executive and Stuart Payne, Director of HR and Supply Chain at the Oil & Gas Authority (OGA), I’ll provide evidence to the Scottish Affairs Committee in Westminster on a proposed sector deal.
The UK’s energy secretary said yesterday that he felt “very positively” about the oil and gas industry’s bid for a sector deal.
North Sea industry needs more “transparency” on the delivery of a multi-billion pound sector deal before it can make greater strides to secure its future, oil chiefs said.
A Labour frontbencher has called for action on a multibillion pound oil and gas sector deal – and confirmed the party would order an “urgent review” of North Sea taxes if it takes power.
A proposed £1 trillion sector deal for the offshore oil and gas industry would involve the creation of three new centres of excellence.
Ørsted's UK country manager and co-chair of the Offshore Wind Industry Council, Benj Sykes, said that the Sector Deal for UK offshore wind will more than triple renewables jobs.
The UK Government is "open" to the prospect of agreeing a £1trillion sector deal with the oil and gas industry, according to a Cabinet member.
Ruth Davidson has signalled that the North Sea oil and gas industry could be close to securing a £1trillion boost from the UK Government.