EVOL: Miliband's musings, EDF economics, Hunting headache

The Energy Voice Out Loud team of Ryan Duff, Mathew Perry and Jessica Mills Davies dive into the week's headlines.

 

Mat has been listening to UK energy secretary Ed Miliband as he committed to discussing the UK government's oil and gas licence ban with operators and industry stakeholders. The Labour politician also touched on grid connection and how a first come first served policy may not be the best approach for the UK to meet its net zero targets. 

 

Next up Jess has been keeping an eye on nuclear. This week EDF's auditor claimed that the bill for Hinkley Point C is set to exceed £40 billion. The French energy giant's auditors also said the firm should delay its investment in UK nuclear power project Sizewell C. This comes as ECITB shared data that the nuclear workforce has exceeded that of oil and gas in the engineering and construction industry. 

 

Finally, Ryan discusses UK hurting for Hunting. The firm has continued to rally against the UK's tax regime as oil and gas operators slash spending in the North Sea as it announced a restructuring plan which will impact operations in the country as well as the Netherlands, Norway, Saudi Arabia, and the UAE. Hunting employs around 200 people across its three UK sites, however, it was unable to confirm how this process will impact headcount.