The UK offshore oil and gas industry is already in action to reduce our emissions and put our skills to work to help other industries meet their climate goals. Learn more about how OEUK and our members are active in delivering the UK’s energy transition.
It remains a crucial part of the UK economy and we are committed to playing a positive role in the UK’s energy future. The UK offshore oil and gas industry has essential expertise to help the UK Government meet its climate ambitions of being ‘net zero’ by 2050. (Net zero means balancing the amount of greenhouse gasses put into the atmosphere with the amount removed). At the same time, this industry has an important economic role to play, supporting jobs and creating exciting energy careers of the future.
OEUK and its members are committed to working collaboratively toward the aims of Roadmap 2035, the pathway set out to lead the way through our energy transition and support the UK in achieving its net zero targets. The UK’s offshore oil and gas industry is changing.
OEUK and the North Sea Transition Deal
In March 2021, the UK Government and UK oil and gas industry agreed a Deal to harness the sector’s 50 years of energy expertise. The first of its kind by any G7 nation, the North Sea Transition Deal will accelerate the green energy transition and create a new generation of exciting jobs in communities across the country’s heartlands.
The deal will help to:
- Unlock up to £16bn in investment over the next decade in crucial low carbon solutions including CCUS and hydrogen
- Support the creation of up to 40,000 new energy jobs in industrial heartlands across the UK
- Cut UK emissions by 60 million tonnes, with 15 million tonnes of reductions from industry production by 2030 - the equivalent of annual emissions from 90% of the UK’s homes
- Boost the world-leading infrastructure – carbon capture – the Committee on Climate Change says is necessary to tackle climate change
- Kickstart hydrogen here in the UK, building a platform to provide an alternative for heating, heavy industry, and transport
- Ensure energy communities like Aberdeen and Teesside can successfully transition, retaining jobs and skills and creating a more diverse and inclusive workforce
- Reduce reliance on imported oil and gas – and be accountable for associated emissions
Our industry and COP26
COP26 is a significant moment in time for our industry in 2021, however our journey does not start in Glasgow this November. Back in 2019 we launched our response and commitment to the net zero challenge with our Roadmap2035 – leading industry responses, and ever since then we have been at the forefront of driving and promoting an industry making serious commitments and significant change as we progress the energy transition for the UK. We look forward to sharing our progress.
Our blueprint for success, Roadmap 2035
As the first industrial sector to respond to the challenge of net zero, OEUK is proud to have gained support from across the industry and its stakeholders, securing alignment and commitments from the very people that will be delivering the rapid change required. We monitor and track progress and hold the industry accountable in order that we stay on track.
What is Roadmap 2035? Learn about our industry goals here >
Understanding emissions reduction
Our industry continues to proactively address the need to reduce emissions from the production and consumption of oil and gas, and this forms a key component of our long-term strategy. In 2020 industry set ambitious Emissions Reduction Targets designed to halve production emissions by 2030, on route to becoming a netzero basin by 2050. The industry is already deploying new technologies and processes as part of an active energy transition, as we rise to the challenge of balancing energy security with achieving these ambitious netzero targets.
What is our industry doing to reduce emissions? Find out here >
Achieving Net Zero together
Our members represent a vital industry, and one that will continue to be central in supplying an energy mix that meets the UK’s energy demands whilst achieving a Net-Zero UK. Together with our members and key stakeholders such as the Oil and Gas Authority (OGA), OEUK ensures that best practice is followed, challenges are understood and that progress is measured. It is a challenging and exciting time of change for the industry – help support us in this unique time of change and become part of OEUK’s membership today.
Join our membership as we work together, towards a net zero UK >
Working together with our membership
We champion the work of our members through industry case studies that demonstrate how their business is supporting one of the five themes of our industry Roadmap. The Roadmap sets clear goals for our industry and the activities required to support activity that promotes innovation, improvements in safety and builds a diverse and inclusive workforce. All of which are required for us to meet the UK’s net zero targets.
Find out about our industry and how we are working to deliver the energy transition >
Oil and gas in our everyday lives
You don’t often think beyond the headlines, or the plug, as we all consume energy. Oil and gas as we know is used for our society’s mobility – our cars, trains and planes require our energy. It keeps us moving and connected. At home gas heats our homes keeping us warm, we use it to cook out food. There are so many other uses for oil and gas that are not often appreciated, many items that we all use daily are simply not possible without by products of oil and gas or the energy our industry provides.
How we view and consume energy is changing, as are the opportunities and needs from our industry as we transition to the future.
Find out more about how we all use oil and gas in our daily lives here >
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