This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing.

Publication

North Sea Transition Deal

image credit: BEIS

Charley Rattan's picture
Hydrogen & Offshore Wind, business advisor and trainer Charley Rattan Associates

UK based offshore wind & hydrogen business advisor and trainer.Delivering global offshore wind business advice, problem solving and training:  www.charleyrattan.comCharley Rattan - offshore...

  • Member since 2019
  • 2,022 items added with 1,418,309 views

Access Publication

North Sea Transition Deal 

1. The sector committing to early targets for the reduction of greenhouse gas emissions from production against a 2018 baseline and the government identifying potential funding opportunities for early offshore electrification.

2. The Deal will commit to deliver investment of up to £14-16 billion by 2030 in new energy technologies, with the government delivering a business model to enable CCUS and hydrogen at scale.

3. The sector voluntarily committing to achieve 50% local UK content across the lifecycle for all related new energy transition projects by 2030, as well as in oil and gas decommissioning. This will be supported by the appointment of an industry supply chain champion who will support the coordination of opportunities with other sectors.

4. Achieving a 60Mt reduction in greenhouse gas emissions, including 15Mt through the progressive decarbonisation of UKCS production over the period to 2030. 8F8F 9

5. Supporting up to 40,000 direct and indirect supply chain jobs in decarbonising UKCS production and the CCUS and hydrogen sectors.9F9F 10

6. Government investment of £6.3 million in the Global Underwater Hub, and a further £2 million to develop the Deal, helping to support the sector to play a leading role in meeting the UK’s net zero ambitions.10F10F 11

7. Supporting the government’s prompt payment initiative by championing the Prompt Payment Code.

Access Publication

Charley Rattan's picture
Thank Charley for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member

Discussions

Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »