EVOL: Budget 2025, North Sea plan, and decommissioning
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EVOL: Budget 2025, North Sea plan, and decommissioning
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Yet another busy news week in UK energy! We discuss the budget and all of its windfall tax implications, the government's North Sea plan, and what the decommissioning industry needs.
This week's episode features Energy Voice's Ryand Duff and Erikka Askeland, as well as Aberdeen University's John Underhill, and Three60 CEO Walter Thain.
Up First, Ryan and Erikka discuss the surprises, or lack thereof, from Rachel Reeves' Autumn budget. With no changes to oil and gas tax and a reiteration of previously announced Grangemouth funding, the areas that are shedding jobs saw little support. However, the green energy sector saw something of a boost, but was it enough?
Next, Ryan caught up with John Underhill about the future of UK licencing and how he came to his suggestion that led to the government's transitional energy certificates measure. But who paid for his study, and will this permitting change extend the life of North Sea producers?
Finally, Walter Tahin tells all about the decommissioning market following an industry workshop at OEUK's Decommissioning Conference in St Andrews. Collaboration is a major theme, building upon Three60 and AF Decom's latest contract with BP.