The North Sea could lead the way on energy transition as an increasing number of low carbon solutions grow in prominence in the mature basin and countries with operations there grow in attractiveness for renewable energy investments.

A new report from consultancy PwC and trade association Oil & Gas UK (OGUK) said the North Sea can become a global leader for energy transition through the likes of carbon capture, utilisation and storage (CCUS) technology, aided by the alternative use of infrastructure, and the production of hydrogen.