Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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@ Tony 06:47 - for no such restrictions just right click the link and open in incognito or private browsing tab.
@G_G_G 10:01 - looks like the Scottish government would rather prefer off shore wind turbines and crap like that in the North Sea.
https://mobile.twitter.com/CrownEstateScot/status/1483016712203255818
@CrownEstateScot
Today, we’ve announced the results of ScotWind, the first Scottish offshore wind leasing round in a decade. This is an early but important step towards building the next generation of offshore wind projects. https://bit.ly/3roSWzH
1/3 #ScotWind #NetZero #OffshoreWind
So the UK government is helping to create an unstable environment in the O&G industry for potential investors when poo and gas are approaching record highs that are likely to remain for the next few years. And, where energy security in Western Europe is as important now as it was in the Cold War. Pretty much sums up the dithering muppets we have in power. They should be providing permits and giving those new entrants confidence that if approved now it will be approved in future. This will also put some pressure on all groups to come to an agreement in the near future that will impact permits from the point the agreement comes into place. So keep everything moving forward, which will pressure all stakeholders to come to an environmental agreement quickly. Instead everything sits in an undefined grey zone where it's difficult to make any important decisions until clarity is provided. And we all know how long these things can take if there's no incentive to get the job done.
Out of interest, do we know the permit status of our acreage and Repsol Sinopec next door? Makes sense they're pushing the FID back to Q3 given all the regulatory guidance that is SUPPOSED to be released in H1. UK gov are absolute f@cking clowns. Add this economic 'own goal' to Brexit and the country is going to be completely screwed in 10 years time. So many sectors have been gutted in the last 2 years and the public aren't even aware of what's happening because Covid has taken all the headlines. When the dust settles the UK economy is going to wake up in the early 80's, except this time the bounce back will take a decade (if we're lucky).
Nice to see continuing strength in our sp. I have been saying that I think we'll settle above 15p on the divi alone in a couple of months. Perhaps this is the start of the re-rate... GLA
thanks Nomad
Tony -
A leading government advisory body is to publish direction on new oil and gas licensing in the UK.
In a blog post Chris Stark, chief executive of the Committee on Climate Change (CCC), revealed the guidance will be published in the next few weeks.
The advice will address the compatibility of the licensing process with the UK’s climate objectives.
It will kick off the organisation’s publications for the year.
A new briefing on “blue carbon in coastal and marine ecosystems” will also be released in 2022, setting out the environmental impact of “UK waters”.
Future oil and gas licensing rounds will inevitably face an unprecedented and increasing level of scrutiny.
Numerous calls have been made in recent months for North Sea production to be halted to mitigate the impact of climate change.
And the controversy around the Cambo field meant the oil and gas industry was at the centre of much political and societal debate last year.
The UK Government launched a consultation in December on the design of a climate checkpoint that new North Sea projects will have to meet.
It will be designed to make sure any new oil and gas permits handed out adhere to the UK’s climate change commitments.
The consultation will wrap up at the end of next month.
A checkpoint system was included as part of the North Sea Transition Deal, an agreement between industry and government rubber stamped last year.
Regulatory body the Oil and Gas Authority (OGA) has committed to using its powers to ensure operators comply with the landmark pact.
https://www.energyvoice.com/oilandgas/north-sea/379275/uk-climate-advisers-to-publish-guidance-on-new-oil-and-gas-licensing/
Can anyone copy paste the article - i've reached my limit on free articles on this site .