Oil and gas industry ‘must create 10k new roles by 2025’

The Offshore Petroleum Industry Training Organisation says more than 40,000 new people will need to be recruited into the industry over this period

‘UK offshore wind projects should be at least 60% British-made’

Sir Michael Fallon MP has recommended the existing 50% target be stepped up for the remaining £550m spend to 2025

Oil and gas output forecast rises to 11.7bn barrels by 2050

Oil and gas production up to 2050 is now projected to total 11.7 billion barrels of oil equivalent (boe). That’s according to new projections from the Oil and Gas Authority (OGA), which show this figure is 2.8 billion boe higher than the production volume outlined in the Wood Review. In 2017 production sat at its […]

Industry professionals ‘confident about future of gas’

Most oil and gas professionals are confident about the role of natural gas up to 2050. That’s according to a  new report published by the Energy Institute, which explores the opinions of almost 200 industry leaders towards reducing the climate change impacts of the fuel. Those responding to the survey said carbon capture and storage (CCS) […]

Welsh minister reaffirms oil industry support

Welsh Secretary of State Alun Cairns is to emphasise the UK Government’s commitment to supporting the nation’s oil industry during a visit to Pembrokeshire later today. He plans to visit petroleum firm Valero’s refinery, where he will inspect the site and learn more about the company’s operations. Mr Cairns will undertake a tour of the […]

Big Six firms rated worst for customer satisfaction

The Big Six energy suppliers have all been rated among the 10 lowest-scoring firms for customer satisfaction. Which?’s annual energy satisfaction survey of nearly 9,000 consumers suggests small and medium-sized energy companies are making their customers happier than their larger competitors. These smaller suppliers include Flow Energy, PFP Energy, Utilita and Utility Warehouse and in […]

South west England ‘to see nuclear contracts worth £50bn’

Over the next 20 years, there will be at least £50 billion worth of nuclear contracts available in the south west of England. That’s according to the Nuclear Industry Association (NIA), which says this investment will be led by projects such as the National College for Nuclear, which will provide technical training for the sector, […]

Energy efficiency and decentralisation groups merge

The Association for Decentralised Energy (ADE) and the Association for the Conservation of Energy (ACE) are to merge. The new organisation will take the name of the former group and aims to create a unified voice for decentralised energy solutions across the industrial, commercial, public and domestic sectors. Dr Tim Rotheray will continue in his […]

‘Only way is up for oil and gas’

The downturn in the oil and gas sector on the UK Continental Shelf (UKCS) has bottomed out and will now improve. That’s the suggestion from the Aberdeen and Grampian Chamber of Commerce, the Fraser of Allander Institute and KPMG, which conducted a survey of 95 businesses across the sector to see what they expected to […]

Distributed energy ‘could save UK almost £1bn’

Distributed energy solutions could achieve almost £1 billion worth of energy savings each year. That’s the verdict from Centrica, which suggests wider adoption of these technologies could also deliver an £18.5 billion boost to the country’s overall economic growth. The energy firm analysed the potential role of solutions like battery storage, onsite generation and energy […]