‘Significant threat’ as Aberdeen businesses face energy skills crunch
A crunch on the ability of firms to find skills for oil and gas and renewable energy are a “significant threat,” Aberdeen business leaders have warned.
energy transition
How private equity could power up the green energy transition
Energy was one of the fastest growing segments within 2022’s record global M&A market, rising an impressive 25% from the year prior, according to the latest Arrowpoint Advisory data.
How can Aberdeen ensure its getting the best skills for the energy transition?
Aberdeen’s ongoing transition of decarbonising the oil and gas industry and investing in the development of sustainable green energies has the potential to inject new life into the city, restoring its position on the world stage as an economic powerhouse.
Gigawaters S2 #2 – What do we need to build a sustainable economic future?
In the second episode of Season 2 of the Gigawaters podcast, Sustainable Growth Voice editor Felicia Jackson and guests discuss what is needed to create an enabling environment for a future that is economically, environmentally and socially sustainable.
Most MPs believe collaboration with oil and gas is needed for energy transition
A survey, commissioned by OEUK and carried out by YouGov, found that nearly three-quarters of MPs believe the UK’s net zero goals can only be achieved through collaboration with the oil and gas sector.
UN chief challenges Joe Biden and other world leaders over climate efforts
UN secretary-general Antonio Guterres has bluntly challenged the climate efforts of President Joe Biden and other world leaders in a message for a White House summit.
Analysts warn that oil firms against ‘protecting the status quo’
Analysts at Wood Mackenzie have warned oil and gas firms to avoid "protecting the status quo" as they balance shareholder demands and low carbon guidelines.
UK has ‘gone backwards’ on energy transition since COP26, says outgoing NZTC boss
The outgoing chief executive of the Net Zero Technology Centre has blamed political infighting for a lack of recent progress on the energy transition.
Government reforms its flagship renewables scheme as it looks to boost investment
The UK government has set out a reform to its contracts for difference scheme as it hopes will drive investment in the country’s renwables sector.
Action is needed now for renewables potential of Orkney to be unleashed
Orkney Harbours have a plan to play a leading role in the drive to net zero. They have an enviable position in the north of Scotland where the surrounding seas contain huge potential for wind, wave and tidal power.
Oil and gas sector still has vital role for UK
Picture this: It’s 2050, and the UK relies on other countries for all its oil and gas supplies.
‘Fast and furious action’ needed to deliver ‘extraordinary’ energy transition, says Wood boss
The chief executive of Wood (LON: WG) has delivered a rallying cry for the industry to deliver an “extraordinary”, and swift, energy transition.
Big Oil’s divergent strategies leave European majors trading at large discounts
Values – according to the rather twee maxim - are like lighthouses; they give direction, meaning and purpose.
Financing the Transition: Why not a Scottish stock exchange?
One of my old friends, a Norwegian by the name of Reidar Niemi who ran Stolt Nielsen’s subsea business in Aberdeen in the early 80s once asked me “what the hell is the matter with your (expletive deleted) Scottish banks?”.
Which way will the UK turn at the energy transition crossroads?
Our frontier regions of the UKCS are experiencing real challenges in respect to the energy transition. We as a nation and as an economy must be careful what we wish for in terms of ensuring energy security, stable pricing, meeting carbon emission targets and ensuring that the lights do indeed stay on.
Regulator tells energy industry to get after £220bn North Sea spending opportunity
As much as £220 billion could be spent on North Sea oil and gas, offshore wind, CCS and hydrogen projects before the end of the decade.
Oil and gas “employees have the power at the moment”
For oil and gas workers looking to increase wages or change their employment package, “now would be the time to look around”, says Airswift’s James Allen.
Saudi Aramco says ESG investing threatens energy security
Saudi Aramco’s top official warned Sunday that an increased focus on climate was undermining investment in oil and gas to the point where it now posed a threat to the world’s energy security.
OPEC chief tells climate negotiators to ‘look at the big picture’
OPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.”
Demonised? BP employee pride is higher than ever
Weeks after a former BP CEO said the sector was being “demonised”, employee pride at the oil giant is, in fact, higher than ever, according to its current boss.
India says its path to net zero must pass through fossil fuels
India defended its use of fossil fuels citing energy security priorities, even as the country vowed to remain committed to decarbonisation.
BP accounts for three ‘scenarios’ in 2023 Energy Outlook
BP has published its Energy Outlook for 2023, predicting three potential scenarios in the global energy markets following a turbulent 12 months.
Do Westminster and Holyrood appreciate Aberdeen’s skills gold mine?
News this month that Cromarty and the Firth of Forth have been chosen to become Scotland’s green freeports was unquestionably a bitter pill to swallow for the energy sector in North-east Scotland.
‘Much further justification needed’ for Scot Gov exploration stance, says top academic
Scottish Government plans to accelerate the decline of the oil and gas industry have been questioned by a top petroleum economist.
Ex-BP CEO calls for end to the ‘demonisation’ of oil and gas industry
A former BP (LON: BP) chief executive has called for an end to “the demonisation of the fossil fuel industry by activists, politicians and the media”.