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.
If the UK is to meet its net-zero carbon emissions target by 2050, then green stimulus incentives are very much needed, but are the existing schemes working to their full capacity?
The oil & gas sector has a vital role to play in transitioning to net zero by 2050, and in mature basins like the UKCS, much can be achieved. Innovation and technology will be key to unlocking many of these opportunities.
China is a significant potential market for oil and gas service companies. As oil and gas equipment becomes increasingly sophisticated, companies will own more valuable intellectual property (IP).
