Energypedia News
Established in2004
Located inLondon, United Kingdom
News CoverageOIL GAS
10
EN Publishers' Articles
Filter by
View by
Energypedia News
Uk: New Industry Bonus Opens To Support Good Jobs And Low Carbon Manufacturing FactoriesIndustrial heartlands and coastal areas will receive a major economic boost as the government backs renewable energy firms investing in industrial communities – backing good jobs through the government’s Plan for Change.Â
The application window has opened for the Clean Industry Bonus, which provides financial support for offshore wind developers, on the condition they prioritise their investment in areas that need it most, including traditional oil and gas communities - supporting highly skilled jobs such as engineers, electricians or welders.
The support also rewards developers who build more sustainable low carbon factories, offshore wind blades, cables and ports to reduce industrial emissions across the clean energy supply chain.
By encouraging developers to use less polluting suppliers, the bonus will help tackle the climate crisis while also addressing supply chain blockages in renewable technologies driven by Russia’s invasion of Ukraine – supporting industry on the transition to clean, secure, homegrown energy that Britain controls.
The UK produces more offshore wind than any other European country, making it the backbone for plans to deliver a clean power system by 2030 and become a clean energy superpower. This bonus will help accelerate the drive for clean power – incentivising developers to build the infrastructure the country needs to end reliance on unstable fossil fuel markets and help keep energy bills down for good. Â
Since July, the government has seen £34.8 billion of private investment into UK’s clean energy industries. In November, the government launched its carbon capture and storage industry supporting 4,000 jobs in the North West and Teesside. ScottishPower awarded a £1 billion turbine contract for its East Anglia TWO offshore windfarm to Siemens Gamesa, including blade production at its Hull blade factory – the company employ over 1,300 people in Humberside.
Energy Secretary Ed Miliband said: 'We are backing our proud manufacturing, coastal and oil and gas communities with good jobs, skills and private sector investment – delivering on the government’s Plan for Change. This is our clean energy superpower mission in action, kickstarting growth, delivering energy security and transforming towns and cities as part of the transition - from the ports of Nigg and Leith to the manufacturing hubs of Blyth and Hull.'Â
Steve Foxley, Chief Executive of the Offshore Renewable Energy (ORE) Catapult, said: This news is an important signal from government to industry of intent to grow our offshore wind sector in a way that benefits both our climate and our economy, supporting expansive regional job creation and bolstering national energy security.  Alongside innovating to develop next-generation technologies, delivering the right levels of future deployment and fulfilling the ambitions of the Industrial Growth Plan for offshore wind, it will drive up confidence in our ability to secure the clean investments we need in the years to come.'
Dan McGrail, CEO of RenewableUK, said: 'The offshore wind industry already employs over 34,000 people in the UK, but there’s an opportunity to treble this number by the end of the decade if we grow the sector’s supply chain. Government initiatives like the Clean Industry Bonus, coupled with industry initiatives to support innovation and the upcoming Industrial Strategy, could drive hundreds of millions of pounds of private investment into new manufacturing. Whilst we’re right to focus on securing investment in manufacturing new turbine foundations, blades and cables, we shouldn’t forget that there are also thousands of jobs in the construction and maintenance of wind farms too. You can go to places across the country like Grimsby and Great Yarmouth and Buckie on the Moray Firth and see boats full of engineers ensuring our wind farms operate at maximum efficiency.'
Dhara Vyas, Energy UK, Chief Executive, said: 'Offshore wind is set to become the backbone of a decarbonised power system. To build an industry that is resilient to supply chain challenges, we need a framework that supports sustainable deployment, while fostering investment in the UK’s industrial heartlands. The Clean Industry Bonus will help to unlock economic growth, create job opportunities, and maintain the UK’s position as a global leader in offshore wind. Alongside the development of a broader industrial strategy, the Clean Industry Bonus will play an important role in strengthening the Contracts for Difference mechanism. Clarity will be critical in ensuring we can deliver Allocation Round 7, which is likely to be the single most important auction to achieving the Clean Power goal.'
The UK is already home to the world’s first floating offshore wind farm and has the highest deployment of offshore wind in Europe. As a result, the UK’s offshore wind industry is supporting thousands of highly skilled jobs across the country.Â
This latest boost for renewable developers comes after the government delivered the most successful renewables auction round in history last year, securing contracts for Europe’s largest and second largest offshore wind farm projects.Â
The bonus will come with an initial ÂŁ27 million per gigawatt of offshore wind projects. That means if developers commit to 7-8Â GWÂ of offshore wind, up to ÂŁ200 million of funding could be made available.Â
Funding will be allocated competitively with the results announced by the Energy Secretary in the summer.
Background
The Clean Industry Bonus will apply to all offshore wind projects bidding for funding through this year’s renewable energy auction, Allocation Round 7 of the Contracts for Difference scheme, which is the main mechanism for securing clean energy infrastructure for Britain. September’s auction secured 5 GW for offshore wind, enough to power the equivalent of around 8 million homes.
The funding will come through the government’s Contract for Difference mechanism. The scheme is designed to protect billpayers from high costs with the lowest price bids successful, ensuring value for money.
Original announcement link
Source: GOV.UKoil-gas
Feb 14, 2025
Energypedia News
Uk: Oeuk Urges Government To Support A Clear Funding Path For The Uk’S Carbon Capture Ambitions Ahead Of Spending ReviewLeading industry body Offshore Energies UK (OEUK) is asking the Chancellor to stick to commitments to back two additional major carbon capture, usage and storage (CCUS) projects in North-East Scotland and the Humber ahead of the Comprehensive Spending Review (CSR).
Together the Track-2 projects, Viking in the North East of England and Acorn, the Scottish cluster, have the potential of investing over ÂŁ25bn into the UK economy by 2035, with private sector investment unlocked by Government support and creating over 30,000 jobs.
As the UK looks to spark growth and deliver net zero, CCUS is a critical part of future proofing its national industrial base. The process extracts and stores carbon from energy-intensive industries such as cement and chemical manufacturing. This makes it essential to enabling key industrial assets to become sustainable hubs offering firms and their skilled people a long-term future.
Ahead of the CSR, OEUK calls for the Government to maintain existing spending commitments for Carbon Capture and Storage (CCS) Track-1 projects and announce both a clear funding envelope for Track-2 projects and for the path for those projects that sit outside of the current track process.
Currently the government has supported two UK projects, Hynet in Merseyside and the East Coast Cluster in Teesside, in 'Track-1', which is the first phase of the government’s CCUS programme. Together these projects will capture up to 20 million tonnes of C02 by 2030 from industrial emitters including power plants and future hydrogen production plants.
Recent media reports have raised concerns that funding for Track-2 projects, the next phase of developments to be supported by government, could be deprioritised as the UK Government navigates budgetary pressures. OEUK warns that stepping back from investment would undermine the UK’s economic growth and net zero objectives, at a critical time for the future of UK industry.
According to ONS data, the UK’s chemicals sector has had a 38% fall in output in four years, with cement down 40% in the same period. Energy intensive industries require reliable and affordable power and fuels for industrial processes and a cost-effective path to decarbonisation.
OEUK’s CEO, David Whitehouse comments:
'Carbon capture technology can help future-proof the UK’s heavy industries and their workers. We ask the government to hold true to its carbon capture commitments to give industry the clarity it needs to get on with the second track of these projects. This will help crowd in the private investment we need to build self-sustaining, world-leading industries right here in the UK.
'Manufacturers around the UK need this technology to build a sustainable net zero economy. If we get this right, the new CCUS sector could protect over 100,000 jobs in industrial regions, contribute billions to the economy this decade and be worth ÂŁ100bn to the supply chain by 2050.? These investments will back key hubs to compete globally by stripping carbon out of their operations and create the innovative products, skills and services of the future.
'We welcome the UK Government’s previously announced support for Track 1 projects. It is critical now that in support of economic growth and industrial decarbonisation, it now announces a clear funding envelope for Track-2 projects and the path for those projects that sit outside of the current track process.
'The UK is well placed to create a world-leading CCUS sector. We have the geology, technology and people to make it a success. We must build on the skills and supply chains of our world class oil and gas sector and back firms and their workers to unlock this opportunity for Britain.
'With a clear funding envelope, our CCUS sector can providing enduring value in the UK economy, supporting the decarbonisation of our hard to abate industries. Our path to net zero must be decarbonisation not deindustrialisation.
'OEUK recognises the challenging demands on HM Treasury but this government has prioritised growth and energy security while it works to decarbonise our economy. As a sector, we’re aligned with this ambition and CCUS is critical to its fulfilment.'
In the coming months a raft of consultations will shape the future of the North Sea and the UK’s diverse energy mix. OEUK is campaigning for a homegrown energy future and for an industrial strategy built on a secure, sustainable and affordable energy base, for which CCUS is a key enabler.
Find out more about OEUK’s campaign for a homegrown energy future here: www.oeuk.org.uk/manifesto.
Original announcement link
Source: OEUKoil-gas
Feb 13, 2025
Energypedia News
Australia: Falcon Oil & Gas Provides Update On Shenandoah Ss-2H St1 And Shenandoah South 4H StimulationFalcon Oil & Gas has provided an update on the stimulation campaign for the Shenandoah S2-2H ST1 ('SS-2H ST1') and Shenandoah South 4H ('SS-4H') wells in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia's joint venture partner, Tamboran B2 ('Operator').
SS-2H ST1
SS-4H
Working Capital
Philip O’Quigley, CEO of Falcon commented:
'We continue to be extremely encouraged about the potential of the current stimulation program based on strong gas shows and other data observed whilst drilling, together with the completion of a successful stimulation program on SS-2H ST1 well. We look forward to updating the market on the IP30 flow test results from both wells as soon as they become available.'
Original announcement link
Source: Falcon Oil & Gasoil-gas
Feb 13, 2025
Energypedia News
Uk: Px Group Wins O&M Contract For Teesside Biomass Power Plantpx Group, the operator of several critical infrastructure sites in the UK and Europe, has announced it has secured an Operations and Maintenance (O&M) contract for the Tees Renewable Energy Plant (Tees REP). The contract marks px Group’s further expansion into the biomass power generation industry.
Located in Tees Valley, one of the world’s largest purpose-built pellet biomass power plants has the capacity to generate 299 MW of energy, which is enough to power 600,000 homes, equivalent to nearly all households in the Teesside area.
The plant will play a critical role in bolstering energy security on both a regional and national level by ensuring a reliable baseload power supply, which other intermittent renewables like solar and wind cannot guarantee.
With px Group overseeing O&M across the plant, the Tees REP will strongly benefit from px Group’s industry-leading expertise in biomass plant management, supported by its proven UK operational leadership at Holbrook Biomass Plant in Sheffield and Widmerpool Biomass Plant in Nottingham.
The award of the O&M partnership follows a preceding collaboration with px Engineering, which provided consultancy and expertise during the plant commissioning phase.
This biomass venture secures hundreds of direct and indirect jobs supporting regional economic growth and employment.
'It is a landmark moment for px Group to take on the operations and maintenance of the largest new-build biomass plant in the world and a transformative moment for the entire regional energy sector,' said Dave Thompson, Chief Operating Officer at px Group. 'We are looking forward to strengthening our expertise in this area and bringing our partner the highest standards of safety, efficiency, and reliability.'
Ian Coxon, CEO at MGT, owner of Tees REP, added: 'We are thrilled to partner with px Group as they take over the operations and maintenance of this landmark project.
'Its extensive expertise in safely managing large-scale green energy projects, combined with its proven success in operating other biomass sites, makes it the ideal partner to ensure the plant runs at peak efficiency and further enhances energy security and resilience for the UK.'
px Group is a portfolio company of Ara Partners, a global private equity firm that is decarbonizing the industrial economy.
Original announcement link
Source: px Groupoil-gas
Feb 13, 2025
Energypedia News
India: Adnoc Gas Signs 14-Year Lng Supply Agreement With Indian OilADNOC Gas and its subsidiaries, a world-class integrated gas processing company, today announced a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation (IndianOil) for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India’s largest integrated and diversified energy company. This agreement converts the previous Heads of Agreement between the parties into an SPA, with first deliveries to begin in 2026.
The agreement, signed by ADNOC Gas and IndianOil, is valued in the range of $7 billion to $9 billion over its 14-year term, and signifies a major step forward in the partnership between the two industry leaders.
Fatema Al Nuaimi, ADNOC Gas CEO, said: 'This agreement strengthens our long-standing partnership with IndianOil and is a testament to the dynamic and robust energy ties between the UAE and India. As a reliable and responsible supplier of lower-carbon gas, ADNOC Gas looks forward to supporting India’s plans to make gas 15% of its primary energy basket by 2030.'
The agreement builds on ADNOC Gas’ strategy to expand its customer base, following a series of LNG agreements signed over the past two years. These deals range from 0.4 MTPA to 1.2 MTPA. They are for periods ranging up to 14 years and reinforce its position as a leading supplier of reliable, lower-carbon LNG to key growth markets in Asia, such as India.
The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of up to 6 mtpa. As the world's third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations.
Original announcement link
Source: ADNOC Gasoil-gas
Feb 13, 2025
Energypedia News
India: Totalenergies To Supply Gspc With 400,000 Tons Of Lng Per Year From 2026During a ceremony held in New Delhi on the sidelines of the India Energy Week, TotalEnergies and the Gujarat State Petroleum Corporation Limited (GSPC), a state-owned oil and gas company, announced the signing of a long-term Sale and Purchase Agreement (SPA) for a term of ten years starting in 2026. Under this agreement, TotalEnergies will supply GSPC with 400,000 tons of liquefied natural gas (LNG), amounting to six cargoes per year.
The LNG, sourced from TotalEnergies' global portfolio and delivered to terminals on India's west coast, will primarily serve GSPC's industrial customers. It will also supply Indian households for domestic use, businesses, and service stations for vehicles running on Compressed Natural Gas (CNG), such as auto-rickshaws.
'We are delighted to have been chosen by GSPC to supply them with LNG in India. This new deal underscores TotalEnergies' leadership in the LNG domain and commitment to India’s energy transition and security of supply', said Gregory Joffroy, Senior Vice President LNG at TotalEnergies.
'This agreement marks a major step towards reinforcing GSPC’s strategy to secure competitive LNG on a long-term basis, helping to bridge the growing natural gas demand-supply deficit in Gujarat and across India. Partnering with TotalEnergies, one of the largest LNG players in the world, aligns with GSPC’s strategy to build up its long-term portfolio and become a leading Indian player in gas trading', said Milind Torawane, Managing Director at GSPC. 'This deal will further strengthen GSPC’s portfolio and its operations in the gas value chain, leveraging GSPC Group’s transmission and distribution infrastructure.'
In India, natural gas will play a pivotal role in the energy transition. As a cleaner alternative for industrial activities, cooking and transportation, it enhances air quality by reducing greenhouse gas emissions and pollution.
Original announcement link
Source: TotalEnergiesoil-gas
Feb 13, 2025
Energypedia News
Southeast Asia: Criterium Energy Outlines 2025 Capital Plans Including Fully Funded Tungkal Gas Development Project And Active Oil Workover CampaignCriterium Energy, an independent upstream energy development and production company focused on energizing growth for Southeast Asia has provided an update on the Tungkal gas development plan, with the initial development of the Southeast Mengoepeh field ('SE-MGH'), and provided details of its fully funded 2025 capital program.
'Our focus in 2025 is on building on the positive momentum we created in the last year through a combination of near-term gas development in the Tungkal PSC and extension of our very successful workover program,' said Matthew Klukas, CEO of Criterium Energy. 'Diversifying our production mix, with the potential to add material gas production, should help generate higher margins and more predictable cash flow. By leveraging an innovative ModularLNG commercial and development approach, our goal is to bring gas production in the SE-MGH field online as quickly as possible, driving meaningful growth in our total production by Q1 2026, while helping Indonesia to ramp-up much needed domestic energy production. Our growing cash flow and the successful reduction of our amortization payments provide added liquidity for us to fully-fund our 2025 capital program internally, without the need for additional funding.'
Tungkal Gas Development Update
Gas was initially discovered on the Tungkal PSC in 1988 with the Macan Gedang 1 well and subsequent discoveries were made in 2004 (MGH Pad-3), 2008 (South East Mengoepeh, SE-MGH).
There are five discovered gas fields in the Tungkal PSC, but there had been little to no development previously due to a limited regional gas market and no proximal infrastructure. More recently, demand for domestic gas has increased and infrastructure has been put in place. The PSC is under a gross split agreement that expires in 2042, and the Company intends to take a staged approach to development of other discovered gas fields on the PSC over the next three years.
In 2025 the Company intends to focus on developing the SE-MGH field gas resources targeting the Talang Akar Formation ("TAF"). In advancing its program for gas development the Company recently announced it had taken the following steps:
Development Plan Approval:Â In 2024, Criterium completed a technical feasibility study for the development plan of the SE-MGH gas field in the Tungkal PSC and submitted it to the government for inclusion in the existing Mengoepeh Plan of Development, avoiding the need for a standalone plan. The submission was approved in the fourth quarter of 2024, reducing the government approvals and time required to bring gas on stream.
MOU with PT Energasindo Heksa Karya (EHK):Â To support its gas development strategy, Criterium successfully executed an MOU during Q2 2024 with PT Energasindo Heksa Karya ("EHK"), a company owned by Rukun Raharja and Tokyo Gas. Under the agreement, EHK will purchase discovered gas from SE-MGH and the Tungkal PSC.
MOU with PT BlueEnergy and ModularLNG Technology: During the fourth quarter of 2024, Criterium signed an MOU with PT BlueEnergy to support the egress of produced natural gas using Galileo Technologies' ModularLNG technology. The Cryobox™ LNG Production Station provides a modular and transportable solution for liquefying natural gas directly at the source. This technology enables efficient on-site gas processing, addressing the challenges of stranded gas by eliminating the need for and associated environmental impact of extensive pipeline infrastructure.
During the next 12 months, key milestones anticipated for gas development in the SE-MGH field include:
The estimated capital expenditure required to reach first gas is approximately $3-5 million net to Criterium. Initial production is expected to range between 4 - 7 MMcf/d (700 - 1,200 boe/d). Any pricing will be determined by the successful execution of a gas sales agreement, but recent historical contracts in South Sumatra have ranged between $4 - $7/MMbtu on a long-term fixed take-or-pay basis.
Workover Program
Criterium commenced a program of low-cost, high-return workovers in the oil producing Mengoepeh ('MGH') field in March 2024 and completed a total of 15 workovers during the year targeting existing and new producing intervals. In aggregate the workovers have generated more than US$3 MM incremental cash flow1Â to date from an investment of approximately US$600k. Workovers, especially those targeting the newly discovered GH sand zone, continue to perform above expectations, enabling Criterium to rapidly recycle capital given cash paybacks average less than 30 days per workover.
Building on the success of the 2024 program, Criterium is targeting an additional eight to 12 workovers in the MGH field for 2025. Successful completion of the workover program, expected to cost between $40k to $70k per workover depending on the final number of wells and zones worked over, is expected to drive sustained oil production of ~1,100bbl/d for full year 2025. The combination of operational synergies, further implementation of cost controls, and the use of produced natural gas to fuel equipment (versus diesel) is expected to help drive further margin improvements.
Fully Funded 2025 Capital Program
Criterium has continued to work with its existing lenders to ensure sufficient cash is available for growth opportunities, including the SE-MGH project. At the end of January, Criterium successfully negotiated $2MM in reduced debt payments for 2025, with further reductions available should the need arise. These reduced payments will see a ~$300k/month reduction in cash outflow. The revised debt payments, along with growing cash flow are expected to fully fund the 2025 capital budget without the need for additional dilutive capital raises.
Outlook
Based on the fully funded capital program outlined above, Criterium believes it has the potential to double current production by the end of Q1 2026. With offices in Calgary, AB and Jakarta, along with operations in Indonesia, the majority of the Company's expenses are denominated in Canadian dollars and Indonesian Rupiah, while sale of production is realized in U.S. dollars. This allows the Company to benefit from the current strength of the U.S. dollar and the premium to Brent pricing that Indonesian production has historically received. Management expects this will further support improved margins in the year ahead.
Bulu Transaction Update
On September 5th 2024, Criterium received a second US$500,000 non-refundable payment from the buyer of its wholly owned subsidiary which owns a 42.5% non-operated working interest in the Bulu Production Sharing Contract, as originally announced on May 21, 2024. Inclusive of this US$500,000 payment, to date Criterium has received US$1,000,000 of the US$7,750,000 total purchase price consideration for the transaction. Management continues to work with the original buyer to close the transaction, however, the Company is accelerating efforts to identify and evaluate alternatives to unlock value for shareholders including discussions with alternative buyers.
Original announcement link
Source: Criterion Energyoil-gas
Feb 13, 2025
Energypedia News
Vietnam: Scatec Closes Sale Of Vietnam Wind Power Plant To Susi Asia Energy Transition FundReference is made to the stock exchange notice on 13 September 2024, regarding the sale of Scatec ASA’s 100 percent stake in the 39-megawatt (MW) Dam Nai wind farm and the associated operating company in Vietnam to Sustainable Asia Renewable Assets, a utility-scale renewable energy platform of the SUSI Asia Energy Transition Fund. The transaction is now completed, and Scatec has received the initial payment of USD 27 million, with potential for additional earn-out payments of up to USD 13 million that are subject to certain conditions being fulfilled prior to May 2026. At the Scatec Group level, the transaction generated an accounting gain of approximately USD 8 million on a proportionate and consolidated basis, including a fair value estimate of the contingent consideration, which will be recognised in the first quarter 2025. Following the transaction Scatec will exit all operations in Vietnam.Â
Original announcement link
Source: Scatecoil-gas
Feb 13, 2025
Energypedia News
Us: Seatrium And Bp Sign Mou For Second Deepwater Floating Production Unit ProjectSeatrium has announced the signing of a Memorandum of Understanding (MOU) with BP Exploration & Production Inc. (bp) in preparation for a second project, the Tiber Floating Production Unit (FPU), in the US Gulf of America.
Under the MOU for the Tiber project, Seatrium would provide services to carry out the engineering, procurement, construction, and commissioning (EPCC) of a state-of-the-art FPU designed to support the development of bp’s deepwater assets in the US Gulf of America. The Tiber FPU would be equipped with advanced technologies to enhance operational efficiency and safety, ensuring it meets the stringent requirements of deepwater production.
The Tiber discovery is located approximately 300 miles southwest of New Orleans in the Keathley Canyon area of the Gulf of America.
bp and Seatrium will jointly define the initial works and EPCC scope under the MOU. The Tiber contract award is subject to the final investment decision by bp, anticipated later in 2025.
This new agreement builds on Seatrium and bp’s partnership on the Kaskida FPU, which reached final investment decision in 2024. The Kaskida field is located about 250 miles southwest of New Orleans in the Keathley Canyon area.
The Tiber MOU aims to leverage lessons learned and technological advancements achieved from the ongoing Kaskida project to achieve operational excellence for the successful completion of the Tiber FPU. Similar to Kaskida, the Tiber FPU project would leverage the Group’s proven topsides single lift integration methodology.
Original announcement link
Source: Seatriumoil-gas
Feb 13, 2025
Energypedia News
Uk: Major Companies To Flag Business Opportunities To Energy Supply Chain At 2025 Share FairSupply chain companies keen to source market intelligence about the pipeline of energy projects and secure meetings with key business contacts are snapping up places at OEUK’s Share Fair on March 19 at Aberdeen’s P&J Live.
With support from the North Sea Transition Authority (NSTA) and Aker Solutions as supporting sponsor, Share Fair illuminates business opportunities for suppliers and enables contract and procurement teams from major companies to broaden their knowledge of the expertise, innovative technology and specialised services offered by the UK supply chain.
The growing list of leading operators, developers and major contractors confirmed as participants in Share Fair includes those with interests across the energy sector ranging from oil and gas, offshore wind, hydrogen and geothermal to carbon capture and storage. All will be sharing details about their upcoming projects and contract opportunities available to the supply chain.
Companies signed up to present or offer the sought after one-to-one appointments include Aker Solutions, Anasuria Operating Company, bp Aberdeen Hydrogen Energy Ltd, Camm-Pro Limited, Ceraphi Energy, Copenhagen Offshore Partners, CNOOC, Dana Petroleum, Energy Pathways, Flotation Energy, Inch Cape Offshore Limited, INEOS, Ithaca Energy, Petrogas, Serica Energy, Spirit Energy, Subsea7, TAQA, Valaris and Wood, with more expected to confirm in due course.
Katy Heidenreich, OEUK’s Supply Chain and People Director, said:
'The UK’s sustainable energy future depends on our amazing supply chain companies. They employ our talented workforce, and we depend on them to provide the technology, services and solutions to deliver the projects of today and tomorrow. They need visibility of when projects will happen so they can address constraints on people and equipment, and uncertainty on investment decisions. Share Fair provides clear visibility of future confirmed work, enabling them to forecast demand for their goods, services and expertise. It’s the ideal arena for encouraging greater collaboration on demand planning, project scheduling and resource management, helping our industry improve its competitiveness and ensuring resources are available to support the UK’s future sustainable energy supply.'
Bill Cattanach, Head of Supply Chain at the North Sea Transition Authority, said:
'Every year without fail, Share Fair attracts an impressive cast-list of major operators with major opportunities for the supply chain. While more big hitters are expected to confirm their participation before March 19, it is already clear this year’s event will be another success. I’m also encouraged that the involvement of decarbonisation project developers continues to grow at Share Fair. At the NSTA, we’re seeing the same trend with our Energy Pathfinder tool, with details of contracting opportunities for energy transition schemes being added all the time.'
Steve Nicol, Supply Chain Champion for the offshore energies industry, said:
'Our world class supply chain requires knowledge, resources and investment to support the delivery of both homegrown energy and the energy transition. Share Fair creates a fantastic opportunity for collaboration and helps to better inform our supply chain by connecting them to the right people at this critical time. In short, the event can help set businesses up for future success.'
The Share Fair format comprises presentations from operators, developers and contractors on future projects, one-to-one meetings with key decision makers procuring goods and services plus extensive opportunities for suppliers to network with industry peers and book exhibition space.
In late February, when OEUK opens booking for one-to-one appointments, suppliers will be able to secure business appointments with key decision-makers in companies looking to issue contracts to supply chain companies.
The event takes place in Aberdeen’s P&J Live on March 19 and more information about bookings is available on the website here .
Original announcement link
Source: OEUKoil-gas
Feb 12, 2025