Report suggests North Sea technology could play leading role in energy transition

The North Sea has the potential to lead the way for the low-carbon energy transition, with partnership models becoming critical for the future of the basin, according to a new report from PwC and Oil & Gas UK.

Turning the Tide – the Transformation of the North Sea, published on 20 November, is based on interviews with more than 20 key energy industry stakeholders. It shows that the North Sea can lead the transition through the likes of carbon capture, utilisation and storage technology, aided by the alternative use of infrastructure, and the production of hydrogen.

It also highlights how recent changes in ownership have seen independents and private equity-backed firms gain a key position in the region.

PwC

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