Posts tagged energy projects

Energy Partnership between Norway and the UK to Create New Jobs

Prime Minister David Cameron and Norwegian Prime Minister Jens Stoltenberg agreed last week a major partnership between the UK and Norway that will boost energy activities between the two countries and bring investment of millions of pounds that will create thousands of new jobs, the Department of Energy and Climate Change revealed.

The partnership between Norway and the UK is designed to secure sustainable long-term energy supplies, improve a wide range of energy activities between the two countries and encourage economic growth.

 
Prime Minister Cameron, who attended a breakfast meeting with ten leading energy companies from Norway and the UK, highlighted the importance of this partnership for closer collaboration between the two countries that will improve energy security and help economic growth.

Mr Cameron said: “The jobs and investments announced today highlight how vital the strong relationship between Norway and the United Kingdom is for our energy security and economic growth. We look forward to strengthening our partnership further, driving investment into a diverse, sustainable energy mix that delivers affordable long term supplies for consumers.”

 
Charles Hendry, UK Minister of State for Energy, said: “For many decades Norway has been one of our most trusted and valuable partners, working with us to develop North Sea resources that underpin our energy security. Mr Hendry added: “The investments and jobs announced today by British and Norwegian companies are a clear signal of the benefits of this partnership.”

Some of the commercial announcements include:
  • “Norwegian global oil services firm Aker Solutions will create 1,300 new highly skilled jobs by 2015 at its engineering hub in Chiswick. This comes on top of 1,000 new jobs it has already created in the UK over the past two years.
  • Statoil intends to invest a further £12 billion over the lifetime of the UK’s Mariner-Bressay North Sea oil fields in addition to the £6 billion they have already announced. This will lead to the creation of up to 300 new jobs in the UK in the next few years, including at a new operations base in Aberdeen, in addition to 700 UK jobs from this investment that have already been announced.
  • A new Memorandum of Understanding has been agreed between Statoil and Centrica to continue cooperation on gas supply and exploration. This builds on the £13 billion, ten year gas supply deal agreed between the two companies last November and follows the recent completion of a £1billion asset deal between the two companies that will increase Centrica’s oil and gas reserves by 29 percent.
  • The Forewind Consortium, which includes Norwegian companies Statoil and Statkraft, has confirmed its intention to develop the 9GW Dogger Bank offshore wind project off the East coast of Yorkshire, which could require up to £30 billion of investment. This project could provide more than 10% of the UK’s electricity needs. In addition to this project Statoil and Statkraft are investing around £1billion in developing the Sheringham Shoal offshore wind farm off the coast of Norfolk, which is already generating power and will be completed later this year. It will provide power to more than 200,000 UK homes when fully operational. The project employs 500 workers in the field and provides significant secondary employment.
  • Good progress is being made in two projects to build one of the world’s longest subsea electricity interconnectors between the UK and Norway, which will enable the UK and Norway to share renewable energy resources, with each project worth over £1 billion: NSN (National Grid and Statnett) and NorthConnect (SSE, Vattenfall, Agder Energei, E-CO and Lyse).
  • A deal between Shell and Gassco to strengthen UK energy security by providing British customers with more gas from Norway. By making better use of spare capacity in the UK gas transport system, Norwegian gas owners and transporters, including Shell, will be able to transport more gas from Norwegian fields via the Tampen Link to the FLAGS pipeline into St Fergus.”
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Prime Minister Cameron supports the Renewable Energy Sector

Prime Minister David Cameron has welcomed a £350 million investment for energy projects which will create hundreds of new jobs across the UK, the official website of Number 10 Downing Street announced today.

The Prime Minister, who attended Clean Energy Ministerial Conference in London, told ministers from the world’s most polluting countries that he passionately believed in the rapid growth of renewable energy.

Mr Cameron emphasised the contribution that Britain has already made in the renewable energy sector, Britain has invested a total value of £4.7 billion and supported 15,000 jobs in the UK’s renewable industry

He said: “Renewables are now the fastest growing energy source on the planet. And I am proud that Britain has played a leading role at the forefront of this green energy revolution.

“Britain has gone from virtually no capacity for renewables, to seeing them provide almost 10 per cent of our total electricity needs last year. And we’ve added more capacity for renewables in the last two years than at any time in the last decade.”

The Prime Minister said: “Our commitment and investment in renewable energy has helped to make renewable energy possible. Now we have a different challenge. We need to make it financially sustainable.”

The Renewable Energy Association (REA) welcomed the acknowledgment by the Prime Minister today that the renewables are the fastest growing energy sector in the world, but said that the government should understand better the benefits of renewable energy investment, including the creation of more jobs.

The Chairman at REA, Martin Wright, said:  “There is a tendency to focus on the costs of renewables as opposed to the benefits. Renewables give us energy independence, they are totally sustainable, there is no waste, and in the long term they will provide low cost energy and, above all, price stability.”

What is your reaction to the address by David Cameron to the renewable energy sector? Do you feel more optimistic about the future of renewables in the UK? Share your thoughts by leaving a comment below:  

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