Industry and policy makers have a choice, either the UK North Sea faces a "premature end" or it could be a " shining example of how to transition an oil and gas province into a clean energy super basin".
The Net Zero Technology Centre (NZTC) and the North Sea Transition Authority (NSTA) have launched a new resource hub focused on emissions measuring and monitoring technology.
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.
This year started with worrying news about the UK’s industrial capability. In January alone, the proposed closure of the Grangemouth refinery hit the headlines again and at Port Talbot’s steelworks around 3,000 people are set to lose their jobs.
The North Sea regulator warned that not moving quickly enough on efforts to reduce North Sea upstream emissions is a “threat” to economic recovery as it consults the sector on new measures to speed progress.
North Sea operators have raised “serious concerns” over a new plan from the NSTA regulator, warning that shutdown of UK platforms could be “dramatically accelerated”.
By Mark Dixon, co-founder and director, Cerulean Winds
In spite of the multiple pressures facing the North Sea, or possibly because of them, the need to decarbonise oil and gas production remains paramount.
Operators need a fast solution on their emissions problem. As enthusiasm wanes on North Sea electrification, experts say alternative fuels offer an answer.
Companies active in the energy sector would not be blamed for losing sight of their ESG strategy in 2022; the energy industry’s pre-COP 26 focus on climate-change action has been somewhat superseded by the race to balance the energy transition with security and affordability of supply.
By Emily Taylor programme manager for the NSTD at OEUK
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.
More than 1,000 North Sea oil and gas wells will be decommissioned over the next five years, the UK regulator has said, carrying a multi-billion-pound prize.
Trade body Offshore Energies UK (OEUK) has launched new guidelines to help oil and gas firms reduce methane emissions from the production of oil and gas.
Electrification efforts will prove “beyond all doubt” that the North Sea can produce oil and gas in a climate-compatible way, the regulator has claimed.