Oil and gas: Plans unveiled for new £50m Net Zero Solution Centre

It has received backing from major companies including BP, Equinor, Shell, Siemens, Total and Wood

Aberdeen University sets sight on new Centre for Energy Transition

It will focus on all areas of energy-related research, with an emphasis on supporting the oil and gas industry in the transition to clean energy and renewables

BP to exit Alaska with $5.6bn sale to Hilcorp Energy

The transaction is part of BP’s plan to divest $10bn of assets over 2019 and 2020

New tool aims to help improve recovery from North Sea oil and gas fields

Current data shows there are more than two billion barrels of oil equivalent in near-field opportunities that could potentially be unlocked

European Investment Bank mulls end to fossil fuel lending

It is part of the Bank’s plans to contribute towards meeting the goals of the Paris climate agreement

New tool to track oil and gas methane emissions launched

IEA analysis suggests global methane emissions from the oil and gas sectors could be reduced by nearly half at no net cost

Government consults on re-use of oil and gas assets for CCUS projects

It is also proposing a new business model for CCUS projects that would allow developers to charge customers in advance through their existing bills

Scotland launches £4m oil and gas decommissioning fund

Industry reports suggest £15.3bn is forecast to be spent on the UK Continental Shelf until 2027

EU gives green light for oil and gas joint venture

It will be active in the exploration and development of oil and natural gas projects only in the US

Chevron sells North Sea business to Ithaca Energy for $2bn

The latter company’s portfolio is forecast to deliver around 80,000 barrels of oil equivalent per day