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Oil and gas sector on 'cusp of transformation' into renewable | Hellenic Shipping News Worldwide


Oil and gas sector on ‘cusp of transformation’ into renewable
The UK oil and gas sector is on the “cusp of transformation” into renewables, according to a new report.
Aberdeen and Grampian Chamber of Commerce (AGCC) said 75% of contractors surveyed anticipated moving into renewables work over the next three to five years.
This is the highest level recorded since the question was first asked in 2015, the organisation said.
The findings came in the 33rd AGCC Oil and Gas Survey.
The previous survey, published in November, said the UK oil and gas sector was in “economic turmoil” amid the coronavirus pandemic with about a fifth of firms expecting more redundancies in 2021.

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UK's offshore energy workforce 'could reach 220,000 by 2023'


With around 160,000 people currently directly and indirectly employed in the UK offshore energy sector, it is being predicted that this could grow to 200,000 or even 220,000 in the best-case scenario.
The report also predicts that an estimated £170 billion could be invested in capital and operating activities in the UK offshore energy sector between 2021 and 2030 – with this taking in spending on oil and gas, offshore wind, CCUS and hydrogen.
But it warned that factors such as “reduced ambition” could see the workforce in the sector drop to 140,000 by 2030.
As a result, the report said: "It is key that UK and devolved governments work together with the offshore energy sector to ensure the managed transition of skills and experience in a way that protects and sustains key UK energy jobs."

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Majority of offshore workforce 'in low carbon energy roles by 2030'

Majority of offshore workforce 'in low carbon energy roles by 2030'
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