August 12, 2022

UK offshore oil and gas industry

The UK’s offshore oil and gas industry has committed to halving operational emissions within the next decade. Confirming its pathway to becoming a net-zero emissions basin by 2050.

The sector is one of the primaries within the UK to plan to industry. Wide targets and supply details on how they’re going to be achieved.

A report published by industry body OGUK, The Pathway to Net-Zero. Progressive reductions in flaring and venting. The major capital investment programs aimed toward using electricity instead of gas, to power offshore facilities.

The targets are a key a part of a transformational sector deal that industry is now formally discussing with the united kingdom Government. With jobs, the availability chain, and energy communities at its core. The world deal will consider how the UK’s oil and gas industry can support a green recovery.

This could see the world support wider UK efforts. To decarbonize as well as using its skills and infrastructure to develop critical carbon-cutting solutions like industrial-scale Carbon Capture Usage and Storage. Therefore the use of hydrogen for heating and heavy transport.

OGUK Chief Executive Deirdre Michie OBE

“The coronavirus pandemic and low oil and gas prices have a devastating impact. In the UK’s offshore oil and gas industry. Given the limited impact that the severity of the lockdown has had on global emissions, it’s clearer than ever that we’d like a good, inclusive, and sustainable as well as transition towards climate targets. We’d like a green recovery that supports jobs as well as supply chain companies and energy communities.

“We remain committed to addressing the challenge of global climate change. As we outlined in our Roadmap 2035 published last year. Our industry will play its part as well as by reducing its emissions and using its skills to develop the solutions.

“A transformational sector deal could help unlock the complete potential of this industry. To support a green recovery and we’re delighted to verify that we are now informal discussions about it. With a transparent pathway to becoming a net-zero basin as well as by 2050 and with support from governments and regulators, we will protect domestic energy supplies, jobs. And communities whilst embracing the opportunities which can come from being at the forefront of delivering a coffee carbon economy.”

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