Domestic oil and gas production would unlock funding for energy transition, fossil fuel firms tell government

Cecilia Keating
clock • 4 min read
Domestic oil and gas production would unlock funding for energy transition, fossil fuel firms tell government

Trade body for oil and gas sector argues it stands ready to invest £200bn by 2030 and deliver on net zero goals if it can secure a supportive policy environment

Offshore Energies UK (OEUK), the trade body for the UK's oil and gas companies and contractors, has today announced the sector could invest £200bn in technologies and projects critical to delivering on...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Schneider Electric's Laurent Bataille: 'Europe needs more engineers, electricians, and digital specialists'

Schneider Electric's Laurent Bataille: 'Europe needs more engineers, electricians, and digital specialists'

Laurent Bataille explains why electrification still isn't getting the attention it deserves, and why it is so difficult to change people's mindsets

Stuart Stone
clock 28 July 2026 • 8 min read
Study: World's six biggest oil and gas majors rake in $147bn in annual profits

Study: World's six biggest oil and gas majors rake in $147bn in annual profits

Oxfam analysis claims BP, Chevron, Eni, ExxonMobil, Shell, and TotalEnergies have seen their profits surge as a result of the Iran war

Michael Holder
clock 28 July 2026 • 4 min read
Global Briefing: China ramps up renewables goals in new five-year plans

Global Briefing: China ramps up renewables goals in new five-year plans

Plus, steep decline in rainforest burning in Brazil's Amazon, the EV charging rollout is going steady in Europe, and bio-based chemicals plant plans are unveiled in Portugal

Michael Holder
clock 24 July 2026 • 8 min read