8,433 Active Recruiters     Over 2 Million Candidates Globally

  1. Keep me logged in
  2. forgot password

Checkout Jobs Basket (0)

You can checkout a maximum of 150 jobs.

Signup Better for Candidates

  • Create a free virtual CV and let recruiters find you
  • Automatically have your profile matched to suitable Oil & Gas positions
  • Link to your profile using it as a free online CV
  • Store all your employment documents to your profile for easy sending
  • Always receive feedback on positions applied for

Signup Better for Recruiters

  • Suitable candidates automatically matched to your position
  • View candidate profiles for free
  • No more waiting for candidates to respond to job advertisements
  • Only ever pay when you match a candidate to a position
  • No more cold calling and sorting through out dated CVs

Climate Stakes for Suppliers

Published in Oil Industry News on Thursday, 10 October 2019

Graphic for News Item: Climate Stakes for Suppliers

After a week that saw Norway announce a record number of oilfields in operation and support for the UN Climate Change Committee’s new report, there’s a paradoxical window of opportunity for offshore suppliers offering increments of “green” savings.

Norwegian Prime Minister, Erna Solberg, was in New York last week, from where she confirmed for Norwegian journalists that she would uphold a March 2019 commitment by her government in Oslo to raise Norway’s carbon-dioxide tax again (and also create one for the transport sector). The tax has been a levy on emitters of CO2 while yielding funds to incubate suppliers able to demonstrate that their product or service cuts emissions directly on a large-scale.

Hot Tip

Register on Oil and Gas People as a candidate and always have full control of your visibility. We want recruiters to be able to instantly find candidates that are available and actively looking for work. Just confirm your status every 60 days to stay visible and at the top of recruiters searches.

“If you don’t want to pay the tax invest in (their) green technology,” the PM was quoted by Norwegian NTB as saying.

Sure, NASA released photos this month showing that Earth’s Antarctic ozone hole had repaired itself (as the Arctic’s hole revealed in 2018), and sure some point to the planet’s new tilt heating up certain regions. Norway, nevertheless, has been lobbying for a place on the UN Security Council, from where it might better fight climate battles on behalf of its newer, greener supply chain.

The UN Climate Panel’s report, meanwhile, foresees climate change harming life at sea by unleashing more ocean heat waves and rising sea levels on arctic and coastal communities. Coastal communities is short-hand for many of the wealthiest settlements on Earth, so this month’s Panel communique — like last decade’s Stern Report coming on the heels of a report warning the UK had no more oil — ought to provide ideal advertising for CO2 funds key to boosting greener supply chains.

Incubated IP

One such supplier is Canadian battery outfit, Corvus, which, like Siemens, now offers marine energy storage to offshore oil rigs. The Fund, like generous tax rebates, offers reimbursements for R&D done in Norway.

The result is saleable emissions credits for offshore service fleet owners, rig-owners and (or) offshore operators. In the case of carbon capture and storage offshore, there’s the additional advantage for suppliers of being paid by Oslo’s arm’s length funds entity, Gassnova, which disperses CO2 fund money, other multi-million-dollar allotments and protects participant IP while also providing a ready market in energy companies taking part a national incubator program.

For operators — there’s the chance to sell their carbon-dioxide emissions, or, if storage becomes a reality, to sell emissions storage. Or, they can buy the services of the CCS supply chain or just buy the suppliers (as Shell bought Canadian Cansolv).

Gassnova wields at least 2 billion kroner yearly, and its only for carbon-fighting suppliers. That’s separate from the a half dozen or more other funds aimed at making oil and gas more efficient and “electric”.

Sector-based funds

For those with products that attack emissions directly, a higher Norwegian CO2 tax ensures the longevity of stately incubators, Gassnova and Enova. Financial frameworks elsewhere — including the EU — often offer only matching funds, but this week’s climate jolts ought to spark renewed supplier interest in all “climate-related” tech-funding schemes.

You really just have to Google them. Many schemes, like Canada’s, are sector-specific, and so your battery powered offshore winch might find the right finance if also aimed at, say, aquaculture or fisheries.

The work of providing funding for “climate-saving tech” is the burden of national governments. Levies on emitters (as with Norway’s newer nitrogen oxide fund) to support the supply chain has become the only way to go.

Emitter requests to simply “cut emissions” quotas are, in Norway at least, no longer in vogue. Sector-based greenhouse gas based levies in support of suppliers is the new way forward.

Source: oedigital.com

Please leave comments and feedback below


North Sea Oil and Gas News, Norwegian Oil and Gas News, Helicopters Oil and Gas, Oil and Gas News

Oil and Gas News Archive

Latest Oil & Gas News

Featured Companies

  • View All JobsOMPA

    Offshore Marine People & Academy (OMPA) is a global provider of personnel and training to the renewables, oil & gas, telecommunications and marine industries.

    With over 15 years' industry experience, we work with candidates to match them to the right roles and equip them with the skills and knowledge needed to succeed. Our job is to exceed your expectations.

    Visit us online: offshorempa.com

  • View All JobsChronos Oil and Gas

    Chronos Oil and Gas is one of the fastest growing and best placed recruitment agencies in the sector.

    With over 300,000 candidates on our database and an international team of specialist recruiters we work with clients to staff major projects around the world.

    Register your CV at www.chronosoilandgas.com

  • View All JobsNatural Resources

    Natural Resources is a UK based recruitment company providing personnel of all disciplines and nationalities worldwide.

    We represent clients and candidates at all levels who operate globally within oil & gas, renewables, nuclear, power, mining, marine, drilling, construction and petrochemicals. Our client base includes energy and construction.

    Visit Natural Resources at natural-resources.com