Carbon pricing ‘stick’ may compel oil industry to invest in decarbonisation
A renowned petro-economist believes carbon pricing will be one of the “sticks” the UK Government uses to compel oil firms to invest in emissions-busting technologies.
North Sea Transition Deal
Shell CFO on UK ‘exploration ban’ proposal and North Sea Transition Deal
The chief financial officer (CFO) of Shell has cautioned that a ban on UK oil and gas exploration would mean “trade-offs” for the energy system.
Sir Ian spells out energy dilemma facing the UK in the push towards net-zero carbon emissions
Sir Ian Wood has said he is confident the UK Government will not cave into pressure over continued oil and gas production in the North Sea.
P&J Business Breakfast offers food for thought on climate change and the energy transition
There is still time to sign up for a prestigious online event shining a spotlight on green recovery and the energy transition.
Serica boss praises North Sea licensing decision, says ban wouldn’t have ‘floored’ firm
Serica Energy’s chief executive says the decision not to outlaw new North Sea exploration licences was “very important” in helping the industry “step back from the cliff edge”.
BGF: Energy transition driving M&A activity
One of the conundrums of the pandemic has been how the M&A market has carried on apace, and indeed in some parts of the economy it is very active.
North Sea Transition Deal lays foundation for innovation investment
Former Conservative prime minister Harold Macmillan’s "middle way" and New Labour’s "third way" describe an approach that seeks to occupy the "radical centre" between two extremes.
Support for skills and supply chains required to power North Sea Transition Deal
Businesses following the recent raft of flagship green support measures, announced to support energy transition in the north east of Scotland, could be forgiven for losing track last month.
North Sea Transition Deal: watch out for the sting in the tail
The North Sea Transition deal, announced on March 24, has given industry a clear statement of intent for the coming decade and beyond, but the energy sector would do well to prepare itself for the inevitable legal and regulatory consequences that follow.
Transition through innovation for UK oil and gas sector
The UK has just become the first G7 country to agree a landmark deal to support the oil and gas industry’s transition to clean, green energy while supporting some 40,000 jobs. Patent expert Tomas Karger from IP firm Marks & Clerk, who specialises in energy, wireless power and telecoms, reflects on the North Sea transition deal.
‘There’s life in the old dog yet’ – NexGen panel set out future for North Sea
North Sea firms will need to “come together and work differently” in order to take full advantage of the UK Government’s transition deal.
Transition deal hailed for recognising industry’s role, but some reserving judgement
Energy sector figures have hailed the North Sea Transition Deal for recognising the oil and gas industry’s key role in the UK’s shift to net zero.
Scotland can lead the green energy revolution in a unique year for the country
When it comes to fighting climate change, we must all stand together or fall.
Transition deal boost for North Sea oil industry, but tougher scrutiny for explorers
A landmark £16 billion deal has given the North Sea oil industry a huge boost in its quest to transition to a low-carbon future.
‘Stage being set’ for North Sea recovery, says flagship EY report
The “stage is being set” for a UK North Sea recovery from the second half of this year, according to the flagship oilfield services report (OFS) from EY.
UK looks to ‘strike balance’ between net zero goals and North Sea oil sector, energy minister says
The UK energy minister said the government is endeavouring to strike a “careful balance” between achieving net zero while preserving North Sea oil sector skills and security of supply.
North Sea Transition Deal chance to transform UK fossil fuel industry
News ahead of tomorrow’s Budget that Scottish businesses are set to receive a boost to energy transition efforts have been widely welcomed by our industry.
Energy sector deal to be published by end of next month, Westminster confirms
The UK Government has given fresh commitments that the planned North Sea transition deal will be delivered by the end of next month.
Oil deal ‘must grasp chance to cut carbon’
Business Secretary Kwasi Kwarteng has said he is “hopeful” a North Sea transition deal with the oil and gas sector can be agreed this year.
Manufacturer for Scotland’s largest wind farms announces 220 job cuts
The manufacturer for the largest wind farms in Scotland has announced plans for 220 job cuts in what has been described as a "body blow" for the sector.
Oil industry engagement in offshore wind more informed and ambitious than ever before
Disruption can bring opportunities, and those businesses which have a mindset of accepting opportunities thrown up from the unwelcome disruption caused by Covid-19 will survive and thrive, while new businesses will emerge to capitalise on these opportunities.
Shell making 330 UK job cuts, majority in Aberdeen
Shell is planning 330 job cuts from its UK oil and gas business, the majority in Aberdeen, as part of its global restructuring.
UK Government to hold North Sea industry’s ‘feet to the fire’ over decarbonisation targets
The UK’s energy minister has reinforced that support for North Sea oil and gas is reliant on the sector “playing ball” in terms of decarbonisation.
Hydrasun’s resilience and staff unity hailed in year full of hurdles
Hydrasun’s boss has said the “unity of effort” shown by the firm’s employees and people in the wider oil and gas industry made 2020 a hard but “strangely rewarding” year.
Energy White Paper keeps industry waiting for key details of CCUS support mechanisms
Emerging technologies will be key to delivering the Government’s decarbonisation strategy and 2050 zero-carbon target, according to energy experts at Pinsent Masons.