Huge year for establishing UK oil industry’s net-zero credentials, experts say
Experts from EY, Wood Mackenzie and NorthStone Advisers say setting renewable energy targets will be high on oil and gas firms' agendas.
energy transition
BP targeting low carbon solutions with new strategic collaboration agreement
BP has signed a strategic collaboration agreement with Rosneft Oil Company focused on supporting carbon management and sustainability activities.
UK Government funding to support Scotland’s entrepreneurs could create ‘hundreds of green jobs’
The UK Government has freed up £11 million to help Scotland’s energy entrepreneurs turn their ideas into clean, green technologies.
Ex-Petronas CEO joins ExxonMobil board in surprise move
The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, has joined ExxonMobil’s board of directors, in a move that has surprised some industry watchers.
Worley job cuts reach 11,400 since start of pandemic
Engineering giant Worley has confirmed its job cuts total since the start of the Covid pandemic has reached 11,400.
Martin Gilbert: Energy Transition will offer big opportunities
Disrupt or be disrupted. Those are the options open to Aberdeen in the field of low-carbon technology development, according to entrepreneur Martin Gilbert.
2020 results show BP in energy transition conundrum, analysts say
Oil giant BP’s quest to transition away from fossil fuels and become a net-zero emitter by 2050 has left it caught in a “conundrum”, analysts said yesterday.
Energy Institute CEO Kingham to leave group for new role at BP
The CEO of the Energy Institute, Louise Kingham, has announced she will leave the organisation for a new role at BP.
Former BP CEO Dudley: ‘We need investors to have a little patience with oil and gas’
Former BP CEO Bob Dudley has said investors “need to have a little patience with the oil and gas industry” as it adjusts for the energy transition.
Will COP26 provide inspiration and trigger ambition?
The United Nations climate change conference which is to be held in Glasgow in November should be a source of inspiration and an opportunity for Scottish industry to showcase its Net Zero manufacturing supply chain.
CfD, floating offshore wind and supply chain concerns all in the spotlight as Energy Voice and EY’s 10 Point Pod gets underway
The UK Government’s commitment to developing offshore wind has been unequivocal.
Scottish budget sets out measures to help workers transition into green jobs
The Scottish Government is taking further steps to try and ensure workers have the skills needed to adjust and benefit from the energy transition.
DNV GL to combine oil & gas and renewables operations
DNV GL has announced plans to combine its current oil and gas and power and renewables wings to create one new business area.
BP cuts oil exploration team down to fewer than 100 people – report
BP has made significant cuts to its oil exploration team, reduced to less than 100 people compared to a peak of over 700 before Bernard Looney's tenure, according to a news report.
Aberdeen University launches UK’s first energy transition degree
Aberdeen University has today launched the UK’s first postgraduate degree in Energy Transition Systems and Technologies.
Equinor and BP seal major North American offshore wind contract
Bosses at Equinor have heralded the firm’s latest contract win as a “game changer” for its North American operations.
US fund managers at bottom of the pile as investors score low on climate goals
US fund managers are still lagging behind their European peers in putting pressure on companies and ensuring their investments align with climate change targets, a new report has claimed.
IEA to publish ‘world’s first’ comprehensive net zero roadmap in May
The International Energy Agency (IEA) has announced plans to produce the “world’s first comprehensive roadmap” setting out how to reach net zero emissions by 2050.
Financial benefits of spinning off renewables assets misses wider decarbonisation issue, warns HSBC
Europe’s oil and gas majors could access a wide pool of investors and “unlock value” by spinning off their renewables assets in initial public offerings (IPOs).
NECCUS funding award could ‘realise the ambition’ of north-east’s low carbon initiatives
It’s hoped the award of more than a million pounds to a Scottish decarbonisation group could help to “realise the ambition” of energy transition initiatives in the north-east.
Exploration drilling activity expected to recover in 2021, says Westwood Global
Offshore drilling activity on the UK Continental Shelf (UKCS) is expected to recover in 2021 with a dozen potential exploration wells identified.
Polluters make some net-zero progress, Climate Action 100+ says
Three years after some of the world’s biggest investors joined forces to pressure the largest producers of greenhouse gases to cut emissions, about half of them have made net-zero commitments.
Five actions to power climate change
As we endure these challenging times, the climate emergency persists, and the planet continues to be threatened. Without a strong and stable economy, the funds to invest in a greener, cleaner future simply won’t be there. Even with the fall in carbon emissions, our modelling shows that the pandemic will only reduce demand through to 2050 by 8%.1
Updated: Union estimates 12,000 North Sea jobs lost and warns of worse to come
A trade union boss has warned predictions that 8,000 jobs have been lost in the oil and gas sector due to the latest downturn are likely to be very conservative.
2020 – The year that never was
Few would disagree that the Covid-19 pandemic has made 2020 the most disruptive and distressing year in recent living memory. The effect on people’s lives and the thousands of deaths caused by this awful virus will be etched in our minds for a long time to come.