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.
energy transition
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”.
How will the energy sector fare in 2023?
Headlines in 2022 were once again dominated by the commitment being made by many countries towards cleaner sources of energy. While there are manifold programs relating to renewable energy projects, a number of reports have indicated net-zero targets will be missed unless drastic actions are taken.
Geothermal – A First Choice for Clean Baseload Energy
Karl Farrow, Founder and CEO of CeraPhi Energy talks about the opportunity Geothermal presents as part of the energy mix and how the skill set of the Oil and Gas sector can be harnessed in this transition.
Turning up the dial on the energy transition
We are heading into another challenging 12 months for the energy sector. The impact of the coronavirus pandemic, shrinking economies, severe weather events and geopolitical shocks, namely Russian’s invasion and occupation of Ukraine, are being felt keenly.
A day of training for offshore wind and surviving the North Sea
We sent a reporter to get hands-on with sea survival training for the offshore wind sector.
Certainty over North Sea licensing and project pipeline to spur spend on new skills
There are hopes a solid pipeline of offshore projects will push firms to invest in the next generation of energy workers.
DNV’s 2022 Energy Transition Outlook suggests action must be taken now to hit climate goals
A new report from leading risk and assurance business forecasts that the UK will not meet its legally binding net zero by 2050 target.
Outgoing OEUK chief Deirdre Michie on her time at the helm and ‘another extraordinary year’
As “another extraordinary year” in the energy sector comes to an end, outgoing chief executive of Offshore Energies UK (OEUK), Deirdre Michie, reflects on the last 12 months and her time at the helm of the trade body.
Aberdeen-based Plexus plans returns to roots in search of profits
Aberdeen-headquartered Plexus (LON: POS) plans a return to return to a market it left four years ago after another set of losses in its half-year results.
India mulls plan to keep old power plants running for longer
India is discussing a plan to keep old power stations running for longer, arguing that they’re needed to meet demand until enough energy storage can be built.
The Biden-Jokowi deal is just one step to turn Indonesia green
A massive $20 billion deal with the US and Japan will kick-start Indonesia’s drive to wean itself off coal power, though the country may still need trillions more to reach net-zero emissions while meeting growing demand for energy.
Indonesia to retire coal plant in first deal under new energy transition fund
Indonesia’s state wealth fund signed a non-binding agreement to help fund the early retirement of a 660-megawatt coal-fired plant in West Java, the first deal to be made under a newly-set up energy transition fund.
‘Machiavellian manoeuvres’ and UK high taxes put energy transition at risk – survey
Political instability has been flagged by the UK energy sector as the biggest obstacle to companies transitioning to net zero, according to a new report.
Indonesia has $3.5tn investment opportunity for net zero transition
The global net zero transition offers a $3.5 trillion investment opportunity for Indonesia, according to a new report published Saturday at the BNEF Summit Bali by research company BloombergNEF (BNEF) entitled Net-Zero Transition: Opportunities for Indonesia.
‘Pie in the sky’ to say fossil fuels not part of energy transition – Sunak
Rishi Sunak said it is "pie in the sky" to pretend fossil fuels will not be part of the UK's transition to low carbon sources.
Oil and gas summit deemed a win as doubt cleared on skills passport
A major Scottish Government summit in Aberdeen has been deemed a success, with trade unions arguing doubt has been cleared on the creation of a skills passport for oil and gas workers.