Unstable UK tax regime may lead to North Sea assets being ‘mothballed’
There's a risk of "prematurely having to mothball" parts of the North Sea industry due to the UK's unstable tax regime, an industry event has heard.
There's a risk of "prematurely having to mothball" parts of the North Sea industry due to the UK's unstable tax regime, an industry event has heard.
The multi-million-pound National Subsea Centre opened its doors this year following a turbulent development process hampered by the COVID-19 pandemic.
Budding start-ups and energy innovators are being sought for the next round of the Net Zero Technology Centre’s (NZTC) innovation funding programme, with up to £500,000 per project up for grabs.
The UK and global energy markets have gone through another turbulent year. In one breath we celebrated emerging from the pandemic, in another we witnessed Russia invade Ukraine with devastating impact on the Ukrainian people.
A consortium of North Sea companies have launched a new initiative to create a “Hydrogen Highway” from Scotland to Rotterdam.
The Net Zero Technology Centre (NZTC) has announced the appointment of former Scottish Government director-general for economy Liz Ditchburn to its board.
Aberdeen’s NZTC is planning a national centre to accelerate geothermal energy in the UK and become the “go-to” hub globally for the renewable technology.
As the UK aims to reach net zero by 2050 we will see more and more wells decommissioned both on and offshore; geothermal specialist CeraPhi believes it can use some of this infrastructure to heat buildings and power installations across the country.
A report published by the Net Zero Technology Centre identifies global innovation priorities across traditional hydrocarbon basins, including blue and green hydrogen, offshore wind, oil and gas electrification, carbon capture and storage, and digital transformation technologies to achieve the Paris Agreement emissions targets and create integrated net zero energy systems.
Aberdeen’s Net Zero Technology Centre (NZTC) has launched a new suite of commercial services aimed at helping energy businesses decarbonise.
As many as 40 North Sea assets have been pinpointed as a good fit for electrification, an industry conference heard on Thursday.
Net Zero Technology Centre has been awarded £2.12M from the Scottish Government’s Just Transition Fund (JTF) to support the delivery of its Hydrogen Offshore Production Project (HOP2).
EMEC (the European Marine Energy Centre) has unveiled designs for a new floating offshore wind test site off Orkney.
From “self-healing” paint to tackle corrosion to a battery which can store energy as “liquified air”, 20 winners have been unveiled as part of a £10 million funding competition from the NZTC.
New research has set out how the UK could rapidly accelerate net zero technologies and cut costs in the “critical” years ahead to capture global economic opportunities.
Interesting as it is to ponder flying or subsea drones, or even walking past a robot on an offshore platform, the future of the North Sea is just as much about strides in data and digitalisation.
Hydrogen UK is eyeing further growth after adding a baker’s dozen to its membership in recent months.
A study by the Net Zero Technology Centre (NZTC) has found high capex costs remain a barrier to electrifying North Sea assets, but rising carbon taxes and net zero targets may yet spur development.
There is no single solution to deliver net zero. Affordable, low carbon energy growth will be driven by innovative technology.
As the UK battles energy security, soaring energy prices and a cost-of-living crisis with inflation rising at its fastest rate for 40 years, the challenge of a just transition has never been more imperative.
The Offshore Renewable Energy (ORE) Catapult and the National Robotarium have partnered up to deliver a project aimed at scaling and commercialising offshore robotics.
Industry stalwart Sian Lloyd Rees has joined the board of the Net Zero Technology Centre (NZTC).
A study showcasing Shetland’s potential to become a leading green energy hub of the future has been published.
Inductosense has secured funding from the Net Zero Technology Centre (NZTC) to develop and trial a new wall thickness monitoring sensor with BP.
The National Decommissioning Centre (NDC) has launched £2 million project to construct a new, “world-leading” test facility for the plugging and abandonment (P&A) of oil and gas wells.