Offshore Energies UK (OEUK) said that carbon emissions from North Sea oil drilling are down for the third year in a row, matching the industry’s decarbonisation targets.

Last year’s three per cent reduction contributed to a 23 per cent drop in greenhouse gas emissions between 2018 and 2022, according to the latest Emissions Monitoring Report from the North Sea Transition Authority.

“Our challenge now is to ensure the energy sector receives enough investment and the right long-term energy policy to significantly scale up the solutions needed to meet the real challenge ahead; halving emissions by 2030 and achieving net zero by 2050,” said OEUK’s sustainability and policy director Mike Tholen.

The current reductions are in line with the sector’s commitments under the North Sea Transition Deal, in which the industry committed to reduce emissions by 10 per cent by 2025, 25 per cent by 2027, 50 per cent by 2030 and net zero by 2050.

Most of the UK sector’s...