Budget forecasts on North Sea revenues will be ‘wrong’ due to oil price freefall
The oil price freefall means projections for the UK’s North Sea revenues are already out of date before the Budget is even published, according to a leading analyst.
Sir Ian Wood
‘Significant support’ for Sir Ian Wood’s Energy Transition Zone plans
Oil and gas doyen Sir Ian Wood has urged the public and private sectors to work collectively and quickly to ensure “meaningful progress” is made while responding to the climate change emergency.
Concerns raised about loss of key green areas to Sir Ian’s energy transition zone
About 70 acres of green space, industrial estates and more in Aberdeen could be transformed into the city’s first dedicated “energy transition zone” (ETZ), which oil tycoon Sir Ian Wood believes could be key to securing “unparalleled potential for the future of our local economy”.
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.
Aberdeen ‘energy transition park’ and net zero should ‘feature heavily’ in oil sector deal – OGA boss
Proposals for an Aberdeen energy transition park, along with a host of net zero solutions, should be at the “heart” of an incoming sector deal, according to the head of the Oil and Gas Authority (OGA).
Sir Ian Wood: Energy transition is happening ‘right here, right now’
The past year has been one of transformational change for the energy sector as the world woke up to the climate emergency.
North Sea equipment sharing scheme could be revived next year
An innovative North Sea equipment sharing scheme devised to save companies time and money on ordering new gear could be revived next year.
£2million fund launched to bring growth for Aberdeen start-up businesses
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.
‘Real opportunity’ for Aberdeen as £1m floating wind centre announced
Aberdeen’s longstanding oil and gas pedigree could help the city become a natural headquarters for the UK floating wind industry, according to Scotland’s Energy Minister.
‘Still an opportunity’ Scotland can be floating wind powerhouse, Wheelhouse claims
Scotland's energy minister said yesterday he believes there is “still an opportunity” for the country to get into the business of building huge floating wind projects, if it embraces some of the technology used in oil and gas.
Sir Ian Wood presented with Carnegie Medal for Philanthropy in New York
Sir Ian Wood has received the Carnegie Medal of Philanthropy for his foundation's work in tackling such issues as child poverty and economic development at home and abroad.
Sir Ian believes Aberdeen can become clean energy world leader
North-east oil and gas doyen Sir Ian Wood says Aberdeen could be the energy capital of the world – but only if political leaders show more commitment to making it happen.
Sir Ian Wood hits out at climate activists and retreating oil investors at Offshore Europe
Oil and gas veteran Sir Ian Wood has hit out at climate change activists unwilling to further the energy transition conversation.
TechFest is back to show the appliance of science
As festivals go, TechFest is rather unusual. Rather than celebrating striking works of art or talented local musicians, it focuses on science, technology, engineering and mathematics (Stem).
Sir Ian Wood to receive prestigious Carnegie Medal for philanthropy
One of the north-east’s most renowned business figures has gained international recognition for his philanthropy.
OGA completes ‘key priority’ of Wood Review with mapping project
The Oil and Gas Authority (OGA) has completed a “key priority” of the review which led to its creation in 2015.
Sir Ian touts ‘energy transition park’ concept for Aberdeen
Oil and gas doyen Sir Ian Wood said yesterday a “major energy transition park” could help Aberdeen capitalise on the switch to a low carbon economy.
North-east investment group has offshore wind ‘firmly’ in its sights, Sir Ian Wood says
An investment fund created to establish diversification across the north-east of Scotland has offshore wind “firmly in its sights”, according to Sir Ian Wood.
Change of ‘tone’ in sector responsible for enhanced energy focus
A noticeable “change in tone” within the north-east energy sector over the last 12 months has provoked the decision to enhance the focus of Opportunity North East (ONE), according to Sir Ian Wood and Jennifer Craw.
Opportunity North East opens £1.5m tech hub in Aberdeen
Opportunity North East (One) has opened its £1.5 million digital and entrepreneurship “hub” in the heart of Aberdeen.
Oil and gas millionaires galore on Scottish Rich List
The scale of Aberdeen's North Sea bounty over several decades is revealed in the latest Sunday Times Rich List.
NE supply chain can get stuck into more wind projects, Sir Ian says
The north-east's supply chain is well placed to support major wind farm development projects off Scotland's east coast, Sir Ian Wood said.
Updated: New centre to turn ‘tomorrow’s problem into today’s opportunity’
A new research base with the tools to transform the UK into a global leader in oilfield demolition has opened in a tiny Aberdeenshire village.
OGA must be ready to apply ‘use it or lose it’ powers
The reduced oil price over the last 2 months (down 20%) is worrying, and it looks like the price could be between $55 and $65 this year.
Oil tycoon shares vision for land of adventure
Oil and gas tycoon Sir Ian Wood has revealed ambitions to transform the north-east as a global adventure destination - and give a boost to key industries such as fishing and hospitality.