The UK Government and the North Sea Transition Authority (NSTA) have announced a joint commitment to undertake future oil and gas licensing rounds, with at least 100 new licenses and possibly many more expected to be awarded from autumn. This includes the possibility that licences could also be offered near to currently licensed areas where […]
This report examines the oil and gas industry’s expansion plans over the next five years, from 2020 to 2024. It finds the sector plans to invest USD 1.4 trillion into new extraction projects. This would lock in 148 gigatonnes of cumulative carbon dioxide emissions, equivalent to 1200 new US coal-fired power plants. The report reveals […]
Is oil and gas exploration moving into ‘inshore’ waters? Is this a developing trend? Close on the heels of the Poole Bay drilling work now this proposal for Cardigan Bay. BBC: ‘Cardigan Bay oil and gas survey ‘threatens wildlife’ ‘An international energy company wants to search for oil and gas in a special area of […]
Public Accounts Committee report calls on government to get a better handle on future fossil fuel infrastructure decommissioning costs The Public Accounts Committee (PAC) of MPs has today published a new report warning there is “significant uncertainty over costs to taxpayers of decommissioning offshore oil and gas assets”, as well as a “poor understanding” within government […]
The process of decommissioning the Brent North Sea oil field is well underway – The Shell site has lots of information on this. A recent Guardian view on this. ABPmer Blog – Steve Hull 25/01/2017 Decommissioning of oil and gas structures: call for review? OSPAR 98/3 established stringent requirements for the decommissioning of oil and […]