Oil and gas decommissioning costs slashed by billions

Decommissioning cost estimate dropped 25% to £44.5 billion, according to the North Sea Transition Authority

“UK has the capacity to hold two centuries’ worth of its current emissions”

UK’s carbon capture and storage could be worth £20 billion in the next ten years, according to a new report

DECC consults on UK North Sea strategy

The Department of Energy and Climate Change has set out a strategy to maximise the economic recovery of offshore oil and gas in the North Sea. It aims to improve collaboration between companies and improve cost-efficiency. A consultation on the strategy has been launched and will run until 8th January 2016. Energy Minister Andrea Leadsom said: […]