The most recent Decommissioning Cost and Performance Report published by the North Sea Transition Authority (“NSTA”) on 9 August 2023 showed that the total cost estimate for decommissioning remaining oil and gas infrastructure on the UK Continental Shelf ("UKCS") is over £40 billion.
And so it came to pass …. I was writing here last month when the announcement on the latest Contract for Difference round was imminent and it appeared a distinct possibility that offshore developers would give it the cold shoulder. As indeed they did.
With COP 28 just around the corner and as pressure builds across the globe to slash carbon emissions, increasingly powerful calls and commitments designed to accelerate the pace of green energy change are on the table.
By combining a flat deck carrier to load multiple jackets with HLP’s new ring crane concept, project developers could cut deployment costs by 60%
Diversity and Inclusion are topics that frankly, I have a real struggle getting my head around, primarily because I was brought up by a progressive Cornish rebel of a mother in such a way that I had no need to include either word in my vocabulary. I just learnt to accept that regardless of any differences everyone was of equal importance and value to society.
As an offshore worker, it can seem particularly hard to talk about mental health, especially with the "manly" attitudes and stigma that can come with it.
A lot has been made in recent days about the UK’s position as a leader on climate change.
Oil and gas service sector companies are finding it harder to source private equity investment potentially jeopardising a successful - and speedy - energy transition.
ESO's Head of Digital Transformation and Innovation Strategy, Carolina Tortora, says Virtual Energy System 'will serve as a vessel for every element of the British energy industry to publish its data onto a decentralised system.'
Subsea cables are, essentially, the arteries of offshore wind, critical to the beating heart of our energy transition.
In August 2021, the government published its UK Hydrogen Strategy which mapped out plans to achieve its hydrogen production ambition of 5GW per year by 2030. Less than a year later, it doubled this target to 10GW, with at least half of this from electrolytic hydrogen (green hydrogen).
CCS remains pivotal for sectors like cement and steel, which are harder to decarbonise.
By creating and offering a full suite of carbon management solutions, major gas producers and exporters can create demand without fears of “locking-in” emissions or building “stranded assets”.
According to the United Nations’ World Meteorological Organization, July 2023 was the hottest month on record, affecting millions of people around the world, writes Paul de Leeuw.
In 2019, the United Kingdom took a pioneering step by enacting legislation for achieving net zero emissions by 2050, establishing itself as a global leader in climate policy.
While uncertainty persists around the adoption of zero-carbon energy sources, the significance of natural gas as a bridging fuel continues to strengthen.
As interest in renewable energy and sustainable practices continues to grow, the oil and gas industry remains a significant force in the global economy writes Jodie Gillies, HR Director with Vysus Group.
The capacity of electricity transmission assets in the UK has been in the spotlight, because a bigger, more complex network is needed to meet the Government’s net zero targets.
Most of us involved in energy are aware of the alleged Big Oil claim that higher hydrocarbon profits are necessary to provide the means to finance the Energy Transition.
Offshore Europe’s 50 year anniversary is an occasion to celebrate the huge success the energy industry has brought to Aberdeen and Northeast Scotland over the past five decades.
At the start of August I had the pleasure of attending with my teenage sons the UCI Cycling World Championship Mountain Bike event at Nevis Range near Fort William.
Recent Siemens Gamesa Renewable Energy (SGRE) turbine failures – which could end up costing the company more than one billion euros - have caused an understandable stir within the renewable sector.
Columnist Dick Winchester questions what is in store for SPE Offshore Europe following its 50th anniversary.
It’s hard to believe it’s been four years since Aberdeen last hosted Offshore Europe. Since 2019, we’ve weathered a global pandemic, witnessed the impact of Putin’s invasion of Ukraine and seen energy become a hot topic in political and public debate.
For the last fifty years, the North Sea energy industry has been synonymous with endeavour, innovation, and achievement.