April 2024
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This conference focused on priorities for the oil and gas industry in the UK, in the context of newly government-backed oil and gas exploration and extraction licenses in 2023 and more recently in 2024.
It brought stakeholders together with policymakers to discuss next steps and key issues, assessing recent developments and the future role of the oil and gas sector in contributing to the UK’s energy mix and security strategy.
Delegates also examined progress, priorities and prospects for decarbonisation in the oil and gas sector with plans for its expansion, in the context of net zero policy ambitions and advances in the contribution of renewable energy production.
Further areas of discussion included finance and investor confidence, and the future shape of the energy market with oil and gas alongside nuclear and renewable ventures.
The agenda also looked at considerations for securing the supply chain and skills development, as well as priorities for licensing, planning and mapping of exploration and extraction sites.
We are pleased to have been able to include keynote sessions with: Graham Stuart MP, Minister of State for Energy Security and Net Zero, DESNZ; Tom Wheeler, Director of Operations, North Sea Transition Authority; Mark Wilson, HSE & Operations Director, Offshore Energies UK; Professor John Underhill, Director for Energy Transition, Aberdeen University; Malcolm Wilson, Achilles Ambassador, Achilles; Dr Slawomir (Sam) Raszewski, Senior Lecturer, Royal Docks School of Business and Law, University of East London; and Joshua Emden, Senior Research Fellow, IPPR.
Sessions in the agenda included:
- policy: government priorities - alternative approaches - key issues for balancing energy security with sustainability targets
- role of O&G: the future UK energy mix and market - optimising the potential contribution of oil and gas to UK energy security - costs, finance and investor confidence - sector priorities
- implementation: economic and geopolitical pressures - supply chain, skills and workforce - licensing, planning and mapping of exploration and extraction sites
- decarbonisation: priorities and practicalities for the UK oil and gas industry - technology and innovation - collaboration - CCUS - costs - mitigation, regulation and monitoring of environmental impact
The conference was an opportunity for stakeholders to consider the issues alongside key policy officials who attended from DESNZ; Defra; DfT; CCC; OEP; DHSC; DfE; DLUHC; Department for the Economy, NI; GLD; FCDO; Homes England; HSE; NIC; OBR; The Planning Inspectorate; The Scottish Government; and the Welsh Government.
