East Anglia’s oil and gas industry could receive a “new lease of life” after the chancellor announced measures to make it easier for companies to exchange late-life assets.
Great Yarmouth will this week find out whether its long-awaited third river crossing has been deemed worthy of Westminster backing in the Autumn Budget.
The agility and adaptability of smaller operators is underpinning a recovery of confidence in East Anglia’s oil and gas industry, say sector experts.
Companies in the east’s energy industry have been reassured that the door remains open to government agreeing a support package for the sector, in a deal which would make the region a national exemplar.
Dramatic falls in the costs of offshore wind projects have moved the industry closer to a potentially subsidy-free future - which energy experts believe could unlock further projects in the region.
The scale of the damage done to jobs in the oil and gas industry as a result of low oil prices has been revealed in a sector report.
A former East Coast College student returned to Lowestoft to inspire new graduates before they embark upon their career paths.
Energy leaders hailed the prospect of jobs for generations to come as the turf was cut for an £11.4m energy skills centre.
Young people from across the region will be able to learn skills putting them at the “cutting edge” of the energy industry after a multi-million pound centre was given the green light.
The “special relationship” between the US and the UK could extend to East Anglia’s offshore wind industry, through a partnership struck by the East of England Energy Group.
Energy supply chain businesses will be able to discuss the future of the industry and government support with three coastal East of England MPs at a special event.
Collaboration between sectors and technologies – as well as a supportive government strategy – was called for by energy leaders at industry leading conference.
Gas operators must find ways of working with the offshore wind energy industry and exploit remaining gas reserves in the Southern North Sea (SNS) for a prosperous future.
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