OPINION: The energy transition is gaining such pace that the words “oil and gas” appear to be falling out of favour even with organisations at the very centre of the UK's North Sea industry in Aberdeen.
Image-conscious operators started transposing the “oil and gas” in their names with less loaded moniker’s such as “energy” years ago.
Now other groups intrinsic to the business are starting to follow the fashion to reflect society's moves towards cleaner forms of energy.
Last month, the Oil & Gas Technology Centre rebranded simply to become OGTC.
And this week even trade body Oil & Gas UK, the main representative body for the North Sea oil and gas industry, signalled it might consider a name change if its members wish.
“[Rebranding is] on the agenda and obviously we will be responsive towards what our members want us to do in that space. So, to be continued, as they say,” said chief executive Deirdre Michie during an industry webinar.
Originally formed as the UK Offshore Operators Association (UKOOA), the OGUK branding was adopted in 2007 when it widened its membership to include contractors, as well as operators.
And this week OGUK said 85% of its members expected to increase the amount of non-oil and gas work they do during the next 12 to 24 months as the UK transitions to a net zero economy by 2050.
It shows just how quickly times are changing for businesses in the UK oil and gas... sorry... the UK energy capital.
(This is an Upstream opinion article.)