OGUK is publishing its Economic Report for 2021 next week (Wednesday 1 September), with a panel of industry experts lined up to give their response to the flagship publication.
Six months on from the agreement of the North Sea Transition Deal, and just two months until the United Nations Climate Change Conference (COP26), this year’s report will consider the scale of change seen across the energy landscape over the last 18 months and look at how the changing UK oil and gas industry is contributing to the country’s decarbonisation.
From shifting demand and commodity price growth as economies reopen, to political, regulatory, and economic change, speakers will delve into what these trends could mean for the future of industry.
Chaired by OGUK CEO Deirdre Michie OBE, this year’s launch will be held as a webinar at 10am on 1 September. Industry employees and other interested stakeholders can register to attend for free here.
Speaking ahead of the event, OGUK Senior Investor Relations Adviser Francesca Bell said:
“In the last 18 months, we have seen a rapid restructuring of both the global and the UK economy, with energy supply and demand shifts and changing political and regulatory landscapes impacting commodity prices and the wider business environment.
“OGUK’s 2021 Economic Report will consider the opportunities and challenges facing our changing industry in a year where the North Sea Transition Deal sets an example of how countries can move towards net zero fairly and at pace.
“As we navigate our recovery, the changing offshore oil and gas sector will continue to help deliver the government’s climate goals, meeting as much of the UK’s continued need for oil and gas with home produced resources while putting our skills to work to realise hydrogen, CCUS and renewables.
“Building up to COP26 and beyond, companies are continuing to develop and invest in low carbon solutions, benefitting from the skills and capabilities of the UK’s energy supply chain.”
- Simon Roddy, Senior Vice President and Upstream Director, Shell UK
- Francesca Bell, Senior Investor Relations Adviser, OGUK
- Walter Thain, CEO, THREE60 Energy