WorldOil UK oil and gas industry body reiterates Paris Agreement commitment following Shell decision In the UK, the oil and gas industry has committed to working in line with the Paris Agreement and recently passed the landmark North Sea Transition Deal which included a pledge to cut production emissions by 15 million tons by 2030. OGUK: parties must support Scotland’s oil and gas supply chain The leading representative body for the UK offshore oil and gas industry has today paid tribute to former Energy Minister Paul Wheelhouse and urged all parties to support the sector and its world class supply chain in order to realize homegrown greener energy. BP CEO Bernard Looney to headline OGUK Annual Conference OGUK today announced the details of its Annual Conference. The three-day virtual conference entitled ‘Industry in Transition: Driving A Net Zero Energy Future’ will take place online between June 1-3, 2021. Neptune Energy acquires interest in the Pegasus West discovery Neptune Energy announced it has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West discovery and surrounding acreage in the UK Southern North Sea. CGG and dCarbonX sign strategic agreement for decarbonization exploration CGG has signed a strategic agreement to support dCarbonX in the subsurface assessment of its operated clean energy projects offshore Ireland and the UK, which include geothermal energy and storage sites for CO2, hydrogen and ammonia. Shell joins key large-scale carbon capture project in the UK Shell will team up with the UK’s biggest independent oil and gas producer Harbour Energy Plc, and the project’s developer Storegga Geotechnologies Ltd, a unit of the latter said Friday. The companies will be equal partners in the Acorn venture, it said, without disclosing potential investments from them. VARD wins North Star Renewables contract for three SOVs to operate on Dogger Bank Wind Farm VARD has secured contracts for the design and construction of three Service Operation Vessels (SOVs) for North Star Renewables in Scotland. The state-of-the-art hybrid trio will operate on the Dogger Bank Wind Farm in the North Sea. North Sea oil and gas license ban may factor into UK’s green strategy Energy Minister Anne-Marie Trevelyan said the UK could eventually follow in the footsteps of North Sea neighbor Denmark which will stop offering new oil and gas licenses and end production by 2050. UK agrees to safeguard oil and gas jobs during low-carbon shift The UK government said it has reached an agreement with the country’s oil and gas industry that will help safeguard jobs as the nation strives to achieve net-zero emissions of greenhouse gases. Exxon to sell down North Sea assets as focus narrows on key opportunities The company will sell most of its non-operated upstream assets in the UK central and northern North Sea to NEO Energy, according to a statement Wednesday. NEO is an oil producer backed by Norwegian private equity firm HitecVision AS.