ISSN 2753-7757 (Online)

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Decommissioning

The Brent Charlie platform at quayside

27/11/2024 News

New decom initiatives aim to speed up UKCS 2023 slowdown

A new report from Offshore Energy UK (OEUK) and a North Sea Transition Authority (NSTA) database focus on decommissioning oil and gas assets in the UK North Sea, while new guidelines for the removal of offshore wind turbines have also been published.

Coal

Coal piled high in container

14/12/2022 News

Government approves first new UK deep coal mine in three decades

The UK government has given the green light for a proposed new mine in Whitehaven, Cumbria, which would extract coking coal both for steel production in the UK and for export to Europe and would become the UK’s first new deep coal mine in 30 years. Yet the move was lambasted by environmental campaigners and climate change experts as being a retrograde step.

Emissions

Aerial view of CO2 carrier offloading in dock

22/10/2025 News

OGCI members have cut carbon intensity by 24% since 2017

The Oil and Gas Climate Initiative’s (OGCI) latest annual progress report shows its 12 members, including Shell, have cut aggregate upstream methane intensity by 62%, flaring by 72% and carbon intensity by 24% since 2017, investing $125bn in low-carbon solutions. Meanwhile, Shell is forging ahead with a gas project offshore Nigeria as the company looks to expand its global LNG volumes by an average of 4–5% per year to 2030.

Oil and gas

Seismic vessel at sea

14/9/2022 News

Global oil and gas exploration shrinks as companies shift focus

Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the COVID-19 pandemic and the ensuing oil market crash, and as the focus shifts to lower-risk core assets and a low carbon future, according to the latest analysis from Rystad Energy.

Oil and gas

Head and shoulders photo of Dr Slawomir Raszewski, Senior Lecturer, Royal Docks School of Business and Law, University of East London

21/9/2022 Comment / Slawomir Raszewski

How does North Sea offshore production help meet current energy objectives?

The UK’s indigenous oil and gas resources should be seen as an enabler of the energy transition, writes Dr Slawomir Raszewski, Senior Lecturer, Royal Docks School of Business and Law, University of East London.

Oil and gas

Oseberg offshore platform

1/2/2023 News

Norwegian tax break will increase gas and oil supply to Europe

The energy crisis in Europe triggered by the ongoing war between Russia and Ukraine has left the continent short of hydrocarbon supplies and increasingly reliant on LNG imports. However, Norway is expected to increase oil and gas supplies to Europe following a record-breaking sanctioning boom on the Norwegian Continental Shelf (NCS), reports Rystad Energy.

Net zero / decarbonisation / energy transition

Close up of Nick Wayth (left of photo) talking to an energy executive (right) with his back to the camera, both are seated; Nick has right hand raise to emphasis a point being made

4/8/2026 Comment / Nick Wayth

Five years creating a better energy future at the Energy Institute

On his last day as CEO of the Energy Institute in July, Nick Wayth FEI CEng looked back over his career before joining the organisation, the highlights of his five-year tenure, and his thoughts about the Energy Institute’s place in the energy industry.

Oil and gas

Artist's graphic of nodding donkeys set against a financial graph

16/8/2023 News

Declining supermajor profits reveal flaws in the oil and gas business model

Many oil and gas supermajors have reported falling revenues and slimmer profits for 2Q2023, stemming from a decline in global oil and gas prices. These financial results highlight flaws in the oil and gas business model, says the Institute for Energy Economics and Financial Analysis (IEEFA). Meanwhile, the estimated cost of decommissioning North Sea oil and gas infrastructure has risen to £40bn, says the North Sea Transition Authority (NSTA).

Energy prices

Close up of gas burner with blue flames

11/1/2023 News

EU finally agrees deal on gas price cap

European Union (EU) energy ministers finally agreed last month on a temporary mechanism to limit excessive gas prices, which sky-rocketed following Russia’s incursion into Ukraine in early 2022. Meanwhile, Russia announced that it would ban oil exports to countries imposing the oil price cap agreed in December by the EU, G7 nations and Australia.

Oil and gas

Section of offshore platform in sea

19/7/2023 News

Norway logs largest hydrocarbon discovery in 10 years

The largest gas and condensate discovery on the Norwegian Continental Shelf since 2013 was recently announced. Meanwhile, the proposed Barents Sea pipeline could be back on Norway’s agenda, according to Wood Mackenzie, who also says there is a ‘compelling’ business case for development of the UK’s Rosebank and Cambo fields, west of Shetland.

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