Updated: UK Government will agree North Sea transition deal in first half of 2021
The UK Government today vowed to agree a North Sea transition deal with the oil and gas sector during the first half of 2021.
North Sea Transition Deal
North Sea output holds up despite Covid, but really difficult year around the corner
North Sea firms are on track to produce roughly the same amount of oil and gas in 2020 as they did last year, despite the Covid-19 pandemic throwing up huge challenges, a new report reveals.
Electrification of older platforms as complicated as ‘open heart surgery’, Shell chief says
Shell’s UK North Sea chief has said the task of engineering ageing oil platforms to run on green power would be as complicated as “open heart surgery”.
Douglas Ross: We must prioritise North Sea jobs over climate change targets
Scottish Conservative leader Douglas Ross will argue today that protecting North Sea oil and gas jobs should be prioritised over climate change targets.
Shell job cuts put green recovery ‘in sharp focus’ says union boss
A union official has said news of Shell planning thousands of job cuts globally puts the North Sea’s green recovery “in sharp focus”.
More than 80% of UK oil workers consider leaving the industry, finds climate group report
More than 80% of UK oil and gas workers are considering leaving the industry, according to a new report from climate action groups.
OGA chief hopes for sector deal ‘towards end of this year’
The head of the Oil and Gas Authority (OGA) hopes a government sector deal for the North Sea will be agreed by the end of the year.
We will support oil industry, but change is needed, minister says
The UK's energy minister has said the oil and gas industry will “need to change” to help the country meet its net-zero emissions target by 2050.
North Sea net zero transition will cost £430billion, says OGTC – Wood Mackenzie report
Positioning the UK North Sea for a net zero future will cost more than £430billion, according to a new report from the Oil and Gas Technology Centre (OGTC) and consultancy Wood Mackenzie.