Offshore Energies UK announces big board changes

Influential trade body Offshore Energies UK (OEUK) has announced the appointment of three senior industry leaders to its board.

Well-Safe Solutions CEO Phil Milton, Wood Group Executive President of Operations Steve Nicol, and EnQuest General Manager, North Sea, Steve Bowyer have all been appointed with immediate effect.

They will help OEUK continue set the strategic agenda for the UK’s offshore energy industry and its stakeholders.

Last month, the latest report from OEUK called on UK policymakers to “restore confidence in the UK as a place to make a fair return and kickstart economic growth.”

The OEUK report said that “without a stable energy policy and a globally competitive tax regime” the UK will “miss out on the lion’s share” of the benefits from a domestic offshore energy market that could grow to £450 billion by 2040.

OEUK’s 2024 Business and Supply Chain Outlook report shows oil and gas projects could create £145 billion for the UK’s supply chain, together with new offshore wind farms around the UK generating £260 billion worth of work, new hydrogen projects £25 billion and fresh carbon capture and storage (CCS) technology bringing in £34 billion.

“The appointments come in a general election year in which OEUK is championing a homegrown transition built on the UK’s offshore energy heritage,” said OEUK.

“If the nation can create a globally competitive investment environment, this future offers huge opportunities for the UK’s firms, their supply chains and skilled people.”

OEUK CEO David Whitehouse said: “We’re delighted to welcome Steve Bowyer, Phil Milton and Steve Nicol to our Board.

“They bring experience and skills that will benefit our members and our industry as we build a low carbon future across the UK to safeguard jobs, deliver energy security and unlock economic growth.

“Each of our new board members brings the kind of practical business and engineering know-how we need to build a globally competitive investment environment and offshore energy future.

“I look forward to working with them as we continue to champion our sector and show how it can create long-term economic growth across the UK.”