Offshore Energies UK (OEUK) will showcase its newly launched Business Outlook 2024 report at a breakfast event in Lowestoft on Thursday, March 28. 

North Sea energy producers and supply chain companies are being invited to the event at OrbisEnergy, which will include contributions from some of the biggest names in regional energy production.

Attendees will have a chance to ask questions about developments in the Southern North Sea including the Viking carbon capture and storage project and the Bacton hydrogen hub.

OEUK data shows that in this decade alone, the sector could invest £200 billion in wind, hydrogen, carbon capture and storage, as well as oil and gas projects.

This year’s Business Outlook report will warn that businesses need a fair rate of return and supportive rhetoric from government to generate confidence for investment in these solutions. 

The report will also show that UK energy production is declining faster than the rate of consumption – stressing that more investment for UK energy projects is needed within the next two to three years to help manage that reliance and build a homegrown clean energy transition.

The Lowestoft event will be chaired by Katy Heidenreich, supply chain and people director at OEUK. It is also being supported by the East of England Energy Group (EEEGR).

East Anglian Daily Times: The event will be chaired by Katy Heidenreich, supply chain and people director at OEUKThe event will be chaired by Katy Heidenreich, supply chain and people director at OEUK (Image: OEUK)
Speakers and panellists include Kevin Keable, chair of EEEGR; Ben Ward, energy transition adviser at OEUK; Jonathan White, general manager at Perenco UK Limited; and Jason Hendry, managing director for England and renewables strategy at Peterson. 

“Attending this launch event focusing on the latest edition of our prestigious Business Outlook series is a must for anyone seeking to better understand the changing energy sector," said Ross Dornan, OEUK’s market intelligence manager.

“This year is a critical one for the country in general and for our industry in particular as the UK heads towards a general election. The sustainability, reliability and affordability of our energy supplies will come under ever closer scrutiny.”