- Leicestershire, England, Hinckley
Stakeholder Specialist (Pricing) National Grid connects Britain with the electricity and gas that keeps homes warm and businesses powered. We are driving the agenda to provide secure and sustainable energy both now and in the future. To meet this challen
- Leicestershire, Hinckley, England
Investment Strategy Analyst (Capital)£28,185 - £31,501 plus relevant benefitsHinckley National Grid's energy network transports gas to homes and businesses all over the UK. It's an essential part of all our lives. And it needs to be continuously advanced
- England, West Midlands / England
- £41 - £526 per annum + plus relevant benefits
Integrity Engineer£41,526 - £46,000 plus relevant benefitsWest Midlands/East Midlands National Grid's energy network transports gas and electricity to homes and businesses all over the UK. It's an essential part of all our lives. And it needs to be contin
- England, Hinckley, Leicestershire
National Grid's distribution network transports gas to homes and businesses all over the UK. It's an essential part of all our lives. And it needs to be continuously advanced and enhanced to meet increasing demand whilst embracing new energy solutions. Th
- £49-58k per annum, dependent on experience
Manage issues and working groups relating to all types of equipment and assets used on the UK Transmission and Distribution Networks.
- Recruiter: Energy Networks Association
- Competitive salary, dependent on experience
Co-ordinate the network resilience, emergency planning and the Single Electricity Number (SEN) work in the ENA Engineering team.
- Recruiter: Energy Networks Association
- England, Cambridgeshire
- £33000 - £39000 per annum
Operations Supervisor - (Mechanical/Electrical/Instrumentation) Salary: Circa £33k - 39k dependant on experience + vehicle and great additional benefits (share scheme, pension, potential bonus).Location: Wisbech - Cambridgeshire We currently have an excit
- Humber Refinery, South Killingholme, North Lincolnshire DN40 3DW
- £60k - 75k plus extensive Compensation and benefits package, dependent upon experience
Experienced Process Control Leader providing leadership and technical support for Oil Refinery. Extensive Compensation and benefits package.
- Recruiter: Phillips 66
- Warwick, Warwickshire
You will be required to lead the regional Customer Services strategy and resources to maximise Customer satisfaction.
- Recruiter: Siemens
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The successful candidate is expected to develop a strong and visible research programme in the area of control and diagnostics of building systems
- Recruiter: ETH Zurich
Oil and gas sector changes could yield billions more barrels
The current oil and gas regulator is "no longer adequate" according to the report
Changes to the way the oil and gas sector operates could produce at least three to four billion additional barrels of oil over the next 20 years, a report claims.
Implementing the recommendations has the potential to produce "at least" the equivalent of an extra three to four billion barrels of oil from the UKCS, the report claims. This would be worth approximately £20bn to the UK economy, the report says.
It highlights the "substantial contribution" the oil and gas industry makes to the economy, employment and energy security, with the sector said to support 450,000 jobs across the UK both directly and indirectly.
The equivalent of 41 billion barrels of oil have already been produced from the UKCS, with an estimated equivalent of 12 to 24 billion barrels still to come.
"Ultimate recovery is in a large part dependent on how well the UK manages the development of remaining reserves," the report insists.
The sector faces a number of challenges in the future, with any newly discovered oil and gas fields generally smaller and harder to exploit, while some of the operating equipment is more than 30 years old and is now at or beyond the end of its original intended lifespan.
Production has fallen by 38 per cent in the last three years, resulting in £6bn less in tax receipts for the Treasury, while a decline in exploration led to the equivalent of less than 50 million barrels of oil being discovered last year.
"It is essential for the future growth and prosperity of the UK that the recovery from both existing fields and new discoveries is maximised," the report says. “To achieve this goal, there now needs to be a radical step up in how government exercises stewardship of the UKCS."
There is a "lack of focus on maximising economic recovery for the UK" because operators have pursued individual commercial objections in isolation, with only a limited shared commitment to maximising recovery across parts of the UKCS, according to the report.
It also claims that the current regulator, part of the UK Government's Department of Energy and Climate Change, is "significantly under-resourced and far too thinly spread to respond effectively to many of the demands of managing an increasingly complex business and operating environment".
The creation of a new arms-length regulatory body is recommended. This should, as a priority, work with the industry to develop strategies for exploration, technology including enhanced oil recovery and carbon capture and storage, and decommissioning.
The UK Government and the industry have also been urged to develop and commit to a strategy of maximising economic recovery from the UKCS.
"The UKCS should be an attractive destination for investment, with significant opportunities still to be developed," the report says.
But "changes need to be made urgently to meet the Government's objective of maximising economic recovery from the UKCS, ensure the long-term health of the UKCS and reverse recent declines in performance".
All future licences for oil and gas developments should include a clause "making clear that in all areas of development and operation, the licence holder must act in such a way that would be consistent with the principle of maximising economic recovery", according to the report.
"As the dust settles after the referendum result, we consider what happens next. We also look forward to an international summer of sport."
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