The Energy and Climate Change Intelligence Unit (ECIU) said that it would not be possible to avoid this by producing more gas domestically, as the UK's North Sea reserves are dwindling.
The North Sea Renewables Grid (NSRG) is among the UK’s largest infrastructure investment projects, will help to decarbonise oil and gas operations, and is expected to create 10,000 jobs.
Small is beautiful but it’s also nice to be part of something bigger. That applies to many aspects of life and is certainly a sound basis for energy policy which always has to be underpinned by security of supply.
The North Sea region is at a critical juncture in its pursuit of sustainable energy. With the impact of the energy crisis of 2022 still being felt, the offshore energy industry is faced with a challenge: how to build a cleaner, more resilient energy system that can withstand the challenges of the future. This challenge requires not only innovation and new solutions, but also a willingness to collaborate across traditional boundaries, and a shared commitment to driving the transition to a more sustainable future.
The Netherlands heavily relies on wind turbines in its energy transition — at the expense of thousands of birds that get killed by fast-spinning blades. Now officials say they have a solution to spare some of the migratory animals.
Serica Energy’s (LON: SQZ) chief executive has backed the Bruce platform to keep producing for years to come, after a third life extension was announced for the namesake field.
Viaro Energy has agreed to buy the majority stake in a series of North Sea fields from Hartshead Resources (ASX: HHR) in a "landmark" A$196.3m (£105m) deal.
According to trade union Unite, this is "the biggest mandate" it has received in the offshore sector for a generation, and could threaten the UK's energy security.