UK must allow new oil and gas fields or face future shortages, trade body says

OGUK said blocking oil and gas projects would leave consumers more exposed to soaring energy bills

Scottish ‘energy transformation’ projects backed with £16.5m

The funding will support projects that aim to help decarbonise the North Sea oil and gas industry

Industry responds to Chancellor’s new Budget

Rishi Sunak has opened his red box – but what does the energy industry think?

OGUK: ‘Oil and gas produced in the UK will continue to support energy security in decades to come’

That’s the suggestion from Oil and Gas UK (OGUK), which says the fossil fuels will continue to be used as part of a ‘changing and cleaner energy mix’

Oil and gas exploration
Domestic oil and gas production provided nearly two-thirds of UK demand in 2019

Oil & Gas UK calls on the government to support the sector in continuing to provide ‘a secure and affordable supply of energy’, as well as help decarbonise

UK’s offshore oil and gas sector cuts emissions by 3% while upping production

A new report from Oil & Gas UK shows upstream oil and gas operations directly contributed around 3% of the country’s total greenhouse gas emissions

UK oil and gas sector ‘missing opportunities on collaboration’

Oil and gas companies in the UK are missing opportunities to boost the sector. That’s due to a lack of collaboration which doesn’t let firms increase the potential value from the UK Continental Shelf (UKCS), stated a survey by Deloitte. It added 90% of 61 respondents admitted supply chain collaboration would play a “greater” role in their […]