Landmark North Sea Transition Deal agreed with industry

Today's announcement will support the oil and gas industry's transition to clean, green energy.

Aberdeen Harbour Board welcomes the UK Government's announcement as the first G7 country to agree a landmark deal to support the oil and gas industry’s transition to clean, green energy – while supporting 40,000 jobs.

Michelle Handforth, Chief Executive of Aberdeen Harbour Board, said: "The UK Government's announcement of up to £16bn of investment in the oil and gas industry - particularly the inclusion of £10bn for hydrogen production and £3bn for carbon capture - supports our Green Port strategy.  Aberdeen will play a vitally important role in the success and development of the offshore renewables, hydrogen and carbon capture industries as the oil and gas industry transitions to a net zero future.

"Our aim to bring prosperity to the North East of Scotland through investment opportunities and energy projects is quickly becoming a reality, and we will continue to work with our partners and stakeholders to ensure our experienced supply chain and world-class infrastructure are ready for the opportunities that lie ahead."