Oil rig in the Arctic
EAC: Government has rejected calls to end oil and gas exploration in the Arctic

The Environmental Audit Committee says fossil fuel activity in the region is incompatible with international climate obligations

US oil and gas
Pressure to innovate and cut costs ‘to drive US oil and gas deals’

That’s the verdict from international advisory firm BDO Global which has made a number of industry predictions

Oil and gas business
Oil and gas execs ‘still incentivised to pursue growth, despite climate concerns’

Carbon Tracker suggests this is inconsistent with a focus on shareholder value in a world trying to phase out petrochemicals

Petrochemicals giant INEOS to pump £1bn in the UK

It is investing £500m in the Forties Pipeline System and £350m in a new energy efficient steam and power plant

BP
Banning single-use plastics ‘could lead to higher carbon emissions’

That’s according to a new report published by BP, which says banning plastics would slash oil demand

US flag and oil derrick
US oil output ‘to soar above 13m barrels per day in 2020’

That’s the prediction made in the latest monthly forecast published by the Energy Information Administration

Oil giant Chevron ties executive pay to emissions reductions

It has pledged to reduce methane emissions and flaring intensity

Oil worker
UK’s oilfield services firms see turnover drop 9% in 2017

EY predicts it is unlikely overall activity in the sector will return to 2014 levels in the near future

Oil & gas
Europe, Middle East and Africa lead Q4 oil and gas contracts

These regions saw 487 oil and gas contracts awarded in the fourth quarter of 2018

Oil and gas infrastructure
INEOS fails to acquire ConocoPhillips’ North Sea assets

Both companies have confirmed exclusive talks have concluded