Britain may become the energy "Silicon Valley"

According to news from the Rig Zone on June 3, the UK may be expected to become the "Silicon Valley" in the energy sector.

In his speech, Mickey emphasized that the North Sea Transition Agreement is the cornerstone of the country’s export growth sector, and pointed out that the agreement is the first such agreement in the Group of Seven (G7) countries.

Mickey said in his speech: "Our industry is still a jewel in the crown, a success story of British industry, and there are many other "jewels"-shipbuilding, textiles, steel and mining, etc.

"What all these industries have in common is that when the demand for their products still exists, they disappear, leaving terrible consequences.

"Understanding why we let this happen is the key, because history does not need to repeat itself.

"Responsible for our emissions, support employment, and provide impetus to energy communities on the verge of change; liberalize investment while also liberalizing the engineering technology we need in order to achieve goals faster; support hundreds of companies in the supply chain, they I have honed my skills in the oil and gas industry and are now working for the entire energy industry.

"This choice means that we will achieve our climate goals in a fair way, leaving no one behind.

OGUK's annual conference was held in the morning from June 1st to 3rd through three free webinars.

As early as March, the British government reached a North Sea transition agreement with the industry.

Qiu Yin compiled from Rigzone

The original text is as follows:

UK Could Become Silicon Valley of Energy

The UK could become the Silicon Valley of energy.

In the speech, Michie highlighted that the North Sea Transition Deal was the cornerstone of this exportable growth sector for the country and pointed out that the deal is the first of its kind by a G7 country.

"Our sector is still a jewel in the crown and an industrial success story for the UK," Michie said in the speech.

"What all of these have in common is that they were all lost while the demand for their products continued.

"Understanding why we let this happen is key because history doesn't have to be repeated.

"Being accountable for our emissions, supporting jobs, and powering energy communities which are very much on the cusp of change; unlocking the investment but also the engineering expertise we need to get there faster; supporting the hundreds of companies across the supply chain who have sharpened their skills in the oil and gas sector and are now working across the energy industry," Michie said.

　　"That is the choice that means we will meet our climate goals in a way which is fair and leaves no one behind," Michie added.

　　OGUK's annual conference is taking place via three free to attend morning webinars from June 1-3.
The event brings together industry leading experts from across the sector and beyond to discuss the changing face of the UK offshore oil and gas industry, in the run up to COP26, OGUK's website highlights.

　　Back in March, the UK government agreed a North Sea Transition Deal with the industry.
Following the deal, OGUK praised industry and political backing for the agreement, adding that the deal was supported by its members, which it said represent over 400 companies spanning the length and breadth of the UK.