September 2022
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This conference assessed the future for offshore oil and gas in the UK.
Delegates looked at key issues amid heightened concern around energy security and costs.
In the context of a new prime minister due to take office, it was also an opportunity for stakeholders and policymakers to discuss priorities for the direction of policy relating to domestic production and reduction of emissions from UK’s oil and gas supply, as well as longer-term plans for the nation’s energy mix.
The conference took place in advance of the next oil and gas licensing round, as legislation for the Energy (Oil and Gas) Profits Levy Bill is passed and the Energy Security Bill is introduced into Parliament. It also came as The North Sea Transition Authority launched the first carbon storage licensing round.
Sessions in the agenda looked at:
- latest developments - assessing the outlook for offshore oil and gas in the UK
- implementation - priorities for supply chain development - opportunities for collaboration across the range of offshore energy projects, including hydrogen, CCUS, and offshore wind
- infrastructure - key areas for development - competition for offshore space - marine planning arrangements - emerging technologies - skills development - opportunities for re-purposing
- finance and investment - sources of funding - investor confidence - taxation - improving UK sector engagement with key stakeholders
- the North Sea Transition Deal - delivery - energy security - offshore energy integration
- sustainability - mitigating environmental impacts - assessing decarbonisation targets - CCUS and hydrogen - preparation for the new climate compatibility checkpoint
- energy security - what can the UK learn from other national approaches to ensuring supply for oil and gas
- policy - options for developing oil and gas - energy security and pricing - decarbonisation - the long-term outlook
We were pleased to be able to include keynote sessions with Stuart Walters, Senior Policy Manager, North Sea Transition Authority; and Will Webster, Energy Policy Manager, Offshore Energies UK.
The discussion brought together stakeholders with key policy officials who attended from BEIS; the DIT; the DfT; Transport Scotland; The Scottish Government; and the Welsh Government.
