Investments in Hydrogen, Platform Electrification, and CCS Could Create 26,000 New Jobs in UK by 2030
was commissioned by OEUK under the North Sea Transition Deal, a 2021 agreement between the offshore oil and gas industry and UK government. The deal recognizes the role of the sector in providing secure supplies of oil and gas while also enabling offshore oil and gas companies to deliver low-carbon energy production, also including offshore wind," OEUK said.RGU looked at three investment scenarios to work out how many jobs the deal might create by 2030. It found that if the UK government’s British Energy Security Strategy targets were met then, by 2030, the UK would be: Storing 30 million tonnes
MTS Names Ostrander Executive Director
our extraordinary members and staff to advance the public understanding of marine technology and to elevate awareness of the importance of marine technology to our collective well-being. I believe that finding solutions to many of society’s toughest environmental challenges — spanning energy production, climate adaptation and mitigation, fisheries, and ocean and marine health — depends on the robust development, deployment, and sustained advancement of marine technologies,” Chris said.Prior to joining the Marine Technology Society, Chris served in a range of leadership roles at
Aker Solutions Names EVP for Sustainability
that one-third of the revenue should come from low-carbon oil and gas projects or from renewable energy business. By 2030, the objective is that this will count for two thirds of the revenue," Aker Solutions said."We have already established a strong offering to the market for sustainable energy production, such as offshore wind power and projects for carbon capture. It will be equally important that our own business and that our value chain with thousands of suppliers are also sustainable. Our objective is to reduce CO2 emissions from our own operations by 50 percent by 2030, based on our 2019
ORE Catapult taps Oceanspace Communication for PR Services
development, demonstration and product commercialization support to more than 900 SMEs, as well as taking part in 802 global industry collaborations and 556 academic alliances, all of which have contributed to making offshore renewables a technically and economically viable form of low-carbon energy production.Established in August 2020, Oceanspace Communications builds on founder Saul Trewern’s two decades of experience in providing PR and marketing services to clients in the maritime and offshore industries. Already helping technology-focused clients in Germany, Denmark and Norway to strengthen
Offshore Wind Conference Set for SUNY Maritime
(OCS). In the area of shallow waters between Long Island (to the north and east) and the New Jersey coast (to the south and west), referred to by cartographers as the New York Bight, BOEM has plans to lease at least three major tracts for wind energy. These energy projects will advance domestic energy production, generate revenue, and increase job opportunities in the region.This conference intends to provide an overview of Ocean Wind Power Generation technology while focusing on the development of the support infrastructure and skilled manpower needed to install and sustain the wind power generation
Algeria's Sonatrach appoints new chief executive
said. OPEC member Algeria, a key gas supplier for Europe, failed to draw a lot of foreign investor interest in its most recent energy bidding round last year. Oil companies have complained about offer terms and bureaucratic red tape. But it needs foreign investment to help ramp up stagnating energy production. Oil output has been at around 1.2 million barrels per day (bpd) in recent years, though Sonatrach said this month it would increase production by at least 32,000 bpd from July by starting production at two fields. Sonatrach has also been hit by a series of corruption scandals involving
Study: US Offshore Holds Huge Untapped Potential
;Pacific OCS development could create more than 330,000 jobs, spur nearly $140 billion in private sector spending, generate $81 billion in revenue to the government, contribute over $28 billion per year to the U.S. economy, and add more than 1.2 million barrels of oil equivalent per day in domestic energy production. Eastern Gulf of Mexico development could create nearly 230,000 jobs, spur $114.5 billion in private sector spending, generate $69.7 billion in revenue for the government, contribute over $18 billion per year to the U.S. economy, and add nearly 1 million barrels of oil equivalent
Studies Examine O&G Potential in GoM and Pacific
Two new studies by QUEST Offshore Resources, Inc. estimate the significant potential benefits – including jobs, economic activity, revenues to governments, and energy production – that could result from opening the Eastern Gulf of Mexico and the U.S. Pacific outer continental shelf to oil and natural gas leasing. The National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) will discuss the study results and the implications for energy policy in a press conference call on Wednesday, November 19, 2014 at 10:30 a.m. ET. Randall Luthi, NOIA president, and
