The UK shelled out more than £18 billion on oil and gas imports in the first few months of the year, according to the government’s latest trading figures.
The head of the North Sea oil trade body came under fire at a special COP26 BBC Debate night on Tuesday, hitting back at accusations of “greenwashing”.
Some of the North Sea oil and gas industry’s biggest players, including Neptune Energy, BP and TotalEnergies, are in the running to pick up a gong at the OGUK Awards.
The chief executive of Oil and Gas UK (OGUK) has written to the First Minister Nicola Sturgeon, issuing a jobs warning over “high-profile negative campaigns” against the Cambo oil field.
The UK offshore oil and gas industry’s representative body has backed a landmark climate paper, hailing it for “adding new impetus” to the energy transition.
The CEO of BP has described an IEA net zero scenario calling for the end of new oil and gas projects as “credible”, despite the firm planning major fossil fuel developments.
Industry leaders have warned that the pace of vaccine rollout in the North Sea could be moving too slowly to deal with a rising maintenance backlog, as a crucial shutdown period approaches.
Business leaders, including former Liberal Democrat leader Sir Vince Cable, have welcomed a £30million-plus Budget package for the Aberdeen energy sector.
The UK energy minister said the government is endeavouring to strike a “careful balance” between achieving net zero while preserving North Sea oil sector skills and security of supply.
In years to come, when we reflect on 2020, it is evident that COVID-19 will be the topic that immediately leaps to mind in what was a challenging year for us all.
Most of the North Sea workforce is “yet to see” a positive impact from the digital transformation and remain “highly sceptical”, according a major new report.