Chrysaor boss still wants ‘to be producing 200k barrels a day’ in 20 years’ time
A “more diversified” Chrysaor could still be producing 200,000 barrels of oil a day in 2040, according to the firm’s North Sea boss.
energy transition
Ofgem plan could ‘hinder green recovery’, energy bosses warn
The bosses of some of Britain's biggest energy companies have warned that Ofgem could get bogged down in a lengthy battle over a plan they believe will set back the UK's drive to build a green recovery after the coronavirus crisis.
It’s time to utilise Scotland’s offshore wind potential – AREG
For more than a century, coal has played a primary role in the UK’s energy mix.
Energy Institute: UK is ‘way off track’ for net zero by 2050
Britain is “way off track” from meeting its 2050 net zero target, according to the Energy Institute.
Equinor planning ‘at scale’ hydrogen and CCS plant in UK
Equinor has said it is leading a project to develop one of the world’s first “at-scale” hydrogen from natural gas plants, in combination with carbon capture and storage (CCS), in the UK.
Climate scientist clashes with OGTC boss on ‘no scope’ for oil and gas
A leading climate scientist has clashed with the head of the Oil and Gas Technology Centre (OGTC) on his view there is “no scope” for fossil fuels if the world is to meet climate goals.
Global long-term energy demand set to plummet due to fallout of Covid-19 pandemic – DNV GL
The fallout of the Covid-19 pandemic is set to significantly reduce global long-term energy demand, according to new research by DNV GL.
Opportunity for oil workers: share your views on greener jobs and organise for a better future
A new survey has been launched by Platform and Friends of the Earth Scotland to hear from workers in the oil and gas industry and supply chain about how COVID-19 and the oil price crash have impacted their working life. Hundreds of workers have already responded, detailing their experience in the industry, their fears around job security and what type of future they want.
Energy transition investment will be ‘propelled’ by Covid-19 says oil and gas lawyer
A leading oil and gas lawyer has added his voice to predictions that Covid-19 will drive a spike in energy transition investments.
Let’s seize chance to turn North Sea into integrated energy zone
The coronavirus pandemic, together with a global collapse in oil price, has seen the offshore industry experience hugely turbulent times during the first half of 2020.
Highly-skilled North Sea workforce must be ‘retrained and redeployed’ for low-carbon work – CCC report
The UK’s highly-skilled oil and gas workforce must be ‘retrained and redeployed’ to work in low carbon industries, according to advisors.
Shell North Sea boss says firms will be ‘rapidly challenged’ by low emissions economics
Shell's North Sea boss has said firms will be “very rapidly” challenged by the economics of reducing emissions, calling for collaboration, government and regulatory support.
Petrofac to replace ‘out of date’ climate targets
Petrofac is working on a “more aggressive” approach to replace its climate targets which are “well out of date”, according to a UK boss.
Oil majors ‘still falling short’ of climate goals – Carbon Tracker
Oil majors are “falling short” of global climate goals despite their updated emissions targets, according to a new report.
Shell plans ‘major restructuring’ in net zero push: Report
Shell will announce a major restructuring by the end of the year, according to a news report, as the firm makes a shift for the energy transition.
North Sea expected to ‘bear the brunt’ of 1 in 4 oil job cuts, analysis shows
One in four UK oil and gas sector employees could be cut in the event of a prolonged downturn, with north-east Scotland expected to “bear the brunt”, new analysis shows.
World needs Covid-scale emissions cuts every other year, says BP boss
The world needs emissions cuts on a par with those delivered by the Covid lockdown every other year for the next 25 if it is to reach net-zero by 2050, BP’s chief executive said today.
Act now, or risk failure: why we must act faster on cleaner energy
With the United Nations Climate Change Conference, COP26, postponed to 2021 due to the COVID-19 pandemic, the UK Government now has a unique opportunity to take action and lead the world in its response to climate change through this period.
Wood targets 40% reduction in emissions by 2030
Aberdeen-headquartered energy services firm Wood has announced targets to reduce its direct and indirect emissions by 40% by 2030.
Old US oil refinery to pursue new green life after crude crash
In a sign of changing times, a U.S. oil refining company is converting one of its plants into a producer of clean fuel.
Ex-BoE boss Carney says Covid will move energy transition to centre stage
Former Bank of England (BoE) governor Mark Carney has said Covid-19 is likely to move the global energy transition “more to centre-stage” for investors.
Five predictions as we enter the age of the energy transition
For the previous few centuries, humans have been burning through fossil fuel reserves with somewhat reckless abandon. Yet in the 2020s, and based on extensive peer-reviewed research, we make five big and bold predictions linked to the future of energy systems and the social infrastructures that need them. The full report call be accessed via Reuters Events Energy Transition News and Content Hub, via the Energy Transition Report & Whitepapers section.
Pandemic ‘deepens’ BP’s net zero transition but firm keeps quiet on finer details
Energy giant BP has told shareholders its net zero transition is “deepened and accelerated” by the Covid-19 pandemic, but kept quiet on the fine print.
Opportune moment for north-east energy transition, top economist says
One of Scotland’s top economists has said the Covid-19 crisis may usher in a “window of opportunity” to support the north-east energy transition.
SSE asks Boris to ‘green light’ low carbon investment
Scottish energy firm SSE has written to the prime minister with a “greenprint” to rebuild the UK economy in the wake of the Covid-19 pandemic.