Norway approves extension to giant oilfield

The Johan Sverdrup 2 development will increase production from 440,000 barrels of oil per day to 660,000 barrels per day

Oil and gas exploration
ExxonMobil signs deal to explore 28,000 sq km in offshore Namibia

The territory extends from the shoreline to around 215 kilometres offshore, with depths of up to 4,000 metres at points

BP and partners to invest $6bn in Azeri oil project

The new development is designed to process up to 100,000 barrels of oil per day

Traffic jam In the early morning on the Bay Bridge, at the exit of a tunnel. It is the main connection between the cities of Oakland and San Francisco
Oakland adopts renewable diesel for city fleet

It has partnered with Neste to turn old cooking oils and residues into renewable diesel for use in its transport fleet

Fossil fuel investment
Planned $4.9tn oil and gas investment ‘not compatible with climate goals’

Global Witness suggests any extraction of new oil and gas reserves will see the Paris Agreement’s 1.5°C goal be surpassed

UK signs post-Brexit trade agreement with Iceland and Norway

It includes imported goods such as some fuel and oil products in a no-deal scenario

Arctic landscape
President Trump’s order to reopen Arctic to oil drilling was ‘unlawful’

The current US President attempted to overrule a ban brought in by Barack Obama prohibiting offshore drilling in the region

Oil & gas
UK offshore oil and gas production up by a fifth over past five years

Oil and Gas UK notes this has been acheived following 14 years of decline

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