OGA unveils plans to force operators to meet government’s net zero goals
The UK’s oil regulator has unveiled plans to force North Sea operators to meet the government’s 2050 net zero goals.
net zero
Total barely stays in profit amid ‘economic and oil crisis’, sets 2050 net zero target
Total barely managed to stay in profit for the start of 2020 as oil prices took a nosedive due to the Covid-19 outbreak.
Supporting net zero – John Lawrie’s mission
We are proud to be a part of an industry that has evolved considerably over the last 90 years, delivering real economic growth to the UK and worldwide economies whilst making an undeniably positive impact on the environment. As technology has evolved our knowledge, expertise and work ethic continues to play a vital role in the success of metal recycling.
North-east decarbonisation projects win government cash boost
Two north-east decarbonisation projects have managed to secure significant UK Government funding to further their work on CO2 reduction programmes.
Neptune maps out ambitious carbon, methane emissions cuts
Oil and gas firm Neptune Energy has mapped out ambitious targets to cut its carbon and methane emissions.
Exclusive: Ogic activities transferred to Oil and Gas Technology Centre
The Oil and Gas Technology Centre (OGTC) has been handed £3 million in funding to help it take over the duties of another energy innovation facility.
A Budget to achieve net zero?
This is a Budget like no other in recent times. Delayed due to a surprise general election, the first under Prime Minister Johnson, being delivered by a Chancellor appointed less than a month ago, and happening within a challenging geopolitical and economic environment.
Premier Oil’s UK boss steps down to focus on ‘strong personal interest’ in net zero
Premier Oil’s UK and North Sea boss has stepped down from the role to follow his “strong personal interest” in climate change as the firm announced a new net zero policy.
Premier Oil: Record UK production not enough to halt dip in pre-tax profits
Record levels of production from its North Sea assets were not enough to halt a drop in pre-tax profits for Premier Oil in 2019.
Shift to net zero goals underway, analysis finds
Almost half the world's economic output is generated in areas where there are now moves to cut carbon emissions to net zero by 2050, analysis suggests.
We will still be producing North Sea oil in 2050, BP regional president predicts
BP’s UK offshore business remains “vital” to the group, its North Sea boss said at the end of a momentous week for the supermajor, which set out ambitious emissions goals.
OGUK to outline North Sea sector response to net zero
Oil and Gas UK (OGUK) will this week outline the details of its response to the UK and Scottish Government’s net zero targets.
Net Zero supermarkets: Shopping around for answers on packaging
A few months ago I approached Sainsbury's with the following suggestion:
Hundreds of thousands of jobs ‘need to be filled to meet net zero goals’
Hundreds of thousands of people will need to be recruited into the energy sector to reach the goal to cut emissions to net zero by 2050, a report for National Grid shows.
Sainsbury’s to invest £1bn in ‘net zero’ push
Sainsbury's plans to invest £1 billion towards making its operations "net zero" by 2040 - a decade earlier than the UK's legal goal - it has announced.
Net zero sacrifices need to have public support to succeed, poll suggests
People are not aware of the changes that will be needed to cut the UK's greenhouse gas emissions to net zero by 2050, polling suggests.
Aberdeen ‘energy transition park’ and net zero should ‘feature heavily’ in oil sector deal – OGA boss
Proposals for an Aberdeen energy transition park, along with a host of net zero solutions, should be at the “heart” of an incoming sector deal, according to the head of the Oil and Gas Authority (OGA).
Equinor’s decarbonisation plans ‘misleading yet promising’, shareholder activist says
Equinor's newly announced decarbonisation plans are "misleading, yet promising", according to the leader of a oil and gas shareholder activist group.
Opportunity to ‘reimagine’ North Sea for net zero says OGTC chief
The biggest change I have seen in 2019 is the move by the oil and gas industry towards a net zero future. There have been many factors that have influenced this change, from the social public push through to the active and engaged conversation the industry has been having around Roadmap 2035 (what we will look like in 2035).
VIDEO: Oil and Gas UK reflects on major developments of 2019
As 2019 comes to a close, the UK energy sector trade body has produced a video highlighting some of the main developments for the industry over the last year.
The Net Zero Energy conundrum
Global energy demand has been rising inexorably for well over 30 years – from around 8 billion tonnes of oil equivalent in the early 1990s to nearly 14 billion tonnes of oil equivalent today. The rate of increase was 2-3% per annum until 2000 but accelerated to nearer 5% per annum since then as large populations in China and India got wealthier.
North Sea industry transition to continue in 2020
The North Sea oil industry has been in transition for some years following the collapse of oil prices in late 2014. Large cost reductions have been painfully achieved. Production has increased due to a combination of new fields coming on stream plus a substantial increase in production efficiency to around 75%. But new field investment expenditure has fallen dramatically since 2015 and exploration remains at a relatively low level reflecting principally the maturity of the province as well as oil and gas prices far below their pre-2015 levels.
Shell ‘stands ready to support’ Scotland’s net-zero plans, North Sea boss says
2019 has been a year where the energy transition has very much come to the fore.
Shell inks new $10bn credit facility to progress to net carbon footprint
Oil and gas giant Shell has announced the agreement of a new $10 billion revolving credit facility to help progress the firm towards its net carbon footprint.
Unpopular maybe, but lower speed limits good for planet
The following figure is from the Government produced ‘UK greenhouse gas (GHG) emissions national statistics 1990 – 2017’. The bar chart shows the main sectors contributing to GHG emissions.