The UKCS – A National Asset
The UKCS has been an extraordinary national asset for half a century, providing a stable domestic supply of oil and gas, which in turn has generated £375 billion in tax revenue. Whilst domestic demand exists, it can continue to support home-grown energy production, provide energy security and support the economy. The North Sea in particular Read the full article…
Insight to the Forthcoming UK Green Taxonomy
Amid concerns that investors are shelving natural gas projects on grounds of its ESG credentials, UK Business Secretary Kwasi Kwarteng is seeking to publish a new classification of activities (as part of the ‘green taxonomy’), under which natural gas would be listed as environmentally sustainable when meeting certain criteria. Many experts acknowledge that natural gas Read the full article…
NSTA Corporate Plan, 2022-27
The North Sea Transition Authority (NSTA) has published its Corporate Plan, outlining priority areas for the next five years (2022-2027). It sets out how they will support the industry and put the revised Strategy into action. Dr Andy Samuel, NSTA Chief Executive, said: “This Corporate Plan demonstrates the NSTA’s ongoing intent to lead with purpose, Read the full article…