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Winds of Change: Big Oil s Move into UK Offshore Wind | Bracewell LLP

The rise of offshore wind Offshore wind technology is becoming increasingly mainstream. In 2009, offshore wind represented only 1% of global wind generation capacity, a figure which had grown to 10% by 2019. 1 In recent times, the rise of the ESG movement and the ever increasing regional and global pressure to transition to a sustainable future, as reflected in the United Nations 2030 Agenda for Sustainable Development and the United Nations Paris Agreement on Climate Change, has increased the heat on the oil majors to join the energy transition. A number of the oil majors have seized on offshore wind as an opportunity to invest in ready-to-build assets at significant scale, allowing the oil majors to demonstrate high levels of capital expenditure on climate-friendly projects. Despite being slightly late to the game, a number of the oil majors now view offshore wind as an element of their own transition from international oil companies to international energy companies.

UK Government moves ahead on carbon capture projects - News for the Oil and Gas Sector

UK Government moves ahead on carbon capture projects On 10 February 2021 the UK Government published a consultation paper seeking views on an approach to sequencing the deployment of carbon capture, usage, and storage (CCUS) clusters. by Stephen Jurgenson, Partner, Clyde & Co 02/03/2021, 12:01 am Updated: 02/03/2021, 7:49 am © Shutterstock / Olivier Le Moal Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up On 10 February 2021 the UK Government published a consultation paper seeking views on an approach to sequencing the deployment of carbon capture, usage, and storage (CCUS) clusters.

Britain s wind turbines deliver new record amid blustery weather

Britain s wind turbines deliver new record amid blustery weather The 18.8MW Tralorg wind farm was switched on in mid-November | Credit: RPMI Railpen Wind power generation hit a new high of 17.3GW last week during short period when zero carbon electricity produced nearly three-quarters of output, National Grid ESO reveals Wind power in Britain broke a yet another new record on Friday, when gusty winter weather saw the UK s growing fleet of onshore and offshore turbines produce nearly 17.3GW of power for the electricity. To continue reading. The latest news

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