Offshore Energies UK (OEUK) released data in September modelling the impact of the Government’s announced stronger Energy Profits Levy (EPL) on the UK economy. It’s a plan that adds more pressure on the sector over a longer time.
In June I presented the findings of our Economy and People report, which we launched at an important time for our country.
Anniversaries are opportunities to pause and reflect. As Programme Manager for the North Sea Transition Deal (NSTD) which just marked its third birthday, I can honestly say it’s been a remarkable journey so far.
"Emerging energies – such as offshore wind – must work with and learn from the oil and gas decommissioning sector," says Ricky Thomson, decommissioning manager for OEUK.
It’s hard to believe it’s been four years since Aberdeen last hosted Offshore Europe. Since 2019, we’ve weathered a global pandemic, witnessed the impact of Putin’s invasion of Ukraine and seen energy become a hot topic in political and public debate.
The North Sea has been producing oil and gas for over 50 years.
The Huddersfield born Labour prime minister Harold Wilson famously coined the phrase “A week is a long time in politics”. Recent events in Westminster certainly bear that out.
Last month saw the UK Government unveil its Net Zero Strategy, the Treasury publish its Net Zero Review and the Department for Business Energy & Industrial Strategy give its go-ahead for the UK’s first two carbon capture projects.
This year is set to be one like no other for the UK’s changing offshore oil and gas industry.