Wireline Issue 46 - Autumn 2019

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including carbon capture, usage and storage (CCUS) and hydrogen.

of consumers. It shows how the UK oil and gas industry can contribute to the transition towards net zero emissions in the UK. Released at Aberdeen’s Offshore Europe conference and a corresponding event in London on 4 September, the report shows that 75% of the UK’s current energy needs are met from oil and gas, with just over half (59%) of oil and gas demand met by domestic production. It also highlights Climate Change Committee forecasts that the UK will still consume around 65 million tonnes of oil equivalent per year (roughly 45% of current demand) in 2050, making the development of infrastructure for carbon capture and hydrogen essential. continued collaboration between industry, government and regulators will be required to maintain the competitiveness and sustainability of the basin so that as much as possible of UK demand ismet fromour own resources rather than imports in parallel with efforts across all industries to reduce emissions. Access the Economic Report 2019 via the OGUK website. The report notes that

Industry vision set out in Roadmap 2035 The UK offshore oil and gas industry has outlined its contribution to the UK and Scottish Government net-zero ambitions as part of an ambitious blueprint showing what the sector could look like in future. Roadmap to 2035: A Blueprint for Net-Zero sets out five key themes requiring industry, government and regulator action to ensure the sector can continue to provide secure energy supply, support net-zero and remain a vital contributor to the UK economy. It includes coordinating activities to reduce emissions from the production of oil and gas, which currently accounts for 3% of UK total greenhouse gas emissions, and understanding how the UK oil and gas industry can play a key role in developing and commercialising low carbon technologies

The roadmap is one of the first major industrial responses to government plans to reduce or offset carbon emissions to net zero by 2050 in the UK and 2045 in Scotland. It is published following extensive engagement with over 2,500 industry stakeholders. The roadmap is the centrepiece of a flagship report published today by the leading representative body for the industry.

You can learn more about Roadmap 2035 at www.energyvision2035.com.

Economic Report reinforces role of oil and gas in energy transition OGUK’s Economic Report 2019 reinforces the importance of the sector to the UK’s economy and to meeting the energy needs

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