By Malcolm Webb, former chief executive of Oil & Gas UK
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This year I retired after a half century working in the UK oil and gas industry. My experience was of a fine industry which achieved stunning feats of engineering excellence and delivered economic prosperity for the UK.
Two oil and gas sector specialists from an Aberdeen law firm have released a book on what they call the “radical” approach the UK has taken with its maximising economic recovery regime.
More than five years ago and always over coffee, (outgoing) CEO of the former Oil & Gas Authority (now North Sea Transition Authority), Andy Samuel and I enjoyed a number of informal exchanges about the future potential role of the UK Continental Shelf in the Great Energy Transition.
Offshore Energies UK (OEUK) will host key operators and the North Sea Transition Authority (NSTA) at an upcoming event examining how the North Sea can reduce emissions through the electrification of offshore platforms.
On the 24th February, the first of many Russian tanks rolled into Ukraine. And as Brian Wilson noted last week, some uncomfortable realities have kicked in here and across Europe.
Boris Johnson has hosted the leaders of the UK oil and gas industry at Downing Street to discuss how to achieve “greater energy independence” for Britain.
Scottish Green party co-leader Patrick Harvie has said the war in Ukraine must not be used to justify increased production of fossil fuels from the North Sea.
Climate Change Committee chief executive Chris Stark said the industry and regulator the Oil and Gas Authority (OGA) could do more, sooner to reduce emissions if North Sea production is to continue.
Analysis by consultancy Xodus Group suggests £3.5-5 billion in capital expenditure will be needed to realise the electrification projects required to lower offshore emissions under the UK’s North Sea Transition Deal (NSTD).
In January the High Court comprehensively rejected arguments brought by three environmental campaigners under the banner “Paid to Pollute” against the OGA Strategy.
The decision by Oil & Gas UK to broaden its remit and change its name name to reflect the UK’s intended shift to low carbon energy pretty much across the board comes as no surprise.
Climate campaigners have questioned the decision to green light a North Sea oil and gas field that they claim will provide “little to no benefit” to the UK.