oil
None of the 100 companies investigated in a new report have committed to ending oil and gas exploration, despite the fact that they are arguably the largest contributors to the global climate emergency
An agreement has been made to increase production to 400,000 barrels a day each month from August until December to control the market
TC Energy claims that the government breached NAFTA obligations by blocking the construction of the project
The wells are expected to boost gross platform production by an estimated 20,100 barrels of oil equivalent per day
LNG becomes the cornerstone of UK and European gas prices, while liquidity in GB power seems abandoned by the regulator.
Changeable weather sees volatile energy prices while LNG steps into the breach…
Discovered in 1981, the field came on stream in 1989 and has produced more than 400m barrels of oil equivalent
That would be a result of a decline in drilling activity related to low oil prices, with responses to the COVID-19 pandemic also leading to supply and demand disruptions
The government will bring forward production payments to support the country’s oil refineries
That’s the forecast from the Oil and Gas Technology Centre and Offshore Renewable Energy Catapult, which suggest new investment in clean North Sea technologies could boost the UK economy by as much as £125 billion each year
The Big Zero report
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