Oil & Gas News – December 2024
Estimated reading time 2 minutes
The Scottish Government has published the nation’s first hydrogen export plan, setting out plans to develop regional hydrogen ‘hubs’ which co-locate production, storage and transportation infrastructure.
Scotland will strive to be a “key producer and exporter of renewable hydrogen by 2030”, the plan states. A key export market will be Germany.
Ministers believe that Scotland could produce up to 3.3 million tonnes of green hydrogen, produced by electrolyzing water in processes served by renewable electricity, by 2045. But for this supply to scale, the industry needs greater assurances about future demand – both domestically and internationally.
Shell and Equinor have announced they plan to form a new company by combining their oil and gas assets in the North Sea. The energy firms said the offshore deal – which is subject to regulatory approval – would see the creation of the North Sea’s biggest oil and gas producer.
Shell said there would not be any job losses as a result.
The new company would be based in Aberdeen.
