A new plan to cut greenhouse gases and lower energy costs by investing in renewable energy and nuclear is being unveiled by the government.

A package of green policies is expected to be announced to aid the UK’s net zero target, but what exactly are the hopes of the energy industry for the following day?

Ocean services provider DeepOcean strengthens its offering to the offshore renewables and oil and gas industries

No seabirds recorded colliding with turbines during two years of monitoring

Vårgrønn and Flotation Energy have formed an offshore wind partnership aimed at decarbonising the oil and gas industry in Scotland.

A new agreement signed between an oil and gas operator and a green energy and infrastructure developer will see the creation of one of the UK’s first wind-powered oil and gas production facilities.

Green energy infrastructure developer Cerulean Winds has revealed it will bid for four seabed lease sites with a combined capacity of 6 GW of floating wind to decarbonise the UK’s oil and gas sector under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round.

The North Sea Transition Authority (NSTA) has launched the UK’s first-ever carbon storage licencing round, with 13 areas available for bids.  

The transition to renewable energy is not without its challenges, but today’s markets are increasingly shifting in response to it. Understanding the massive swings in energy supply and demand taking place will enable oil and gas traders to confidently plan for the years ahead, especially as capital allocations shift in response to market signals.

Offshore wind spending is nearing that of offshore oil and gas and is anticipated to surpass it in several key markets by 2030, Rystad Energy said, with Europe being the first to count more offshore wind than oil and gas investments, followed by Asia (excluding China) and the US.