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oil and gas

UK Export Finance inks landmark $7.5m oil and gas decommissioning deal

Energy

UK Export Finance inks landmark $7.5m oil and gas decommissioning deal

First of its kind deal aims to support overseas offshore oil and gas decommissioning in partnership with Brazilian firm Ocyan

clock 01 May 2024 • 2 min read
'Volatile and uncertain': Why declining oil and gas revenues pose a threat to Scotland's finances

Taxation

'Volatile and uncertain': Why declining oil and gas revenues pose a threat to Scotland's finances

Institute for Fiscal Studies think tank assesses the impact of declining oil and gas tax revenue forecasts on Scotland's income compared to that of rest of UK

clock 28 March 2024 • 7 min read
North Sea Transition Authority demands 'action across the board' to curb oil and gas industry emissions

Energy

North Sea Transition Authority demands 'action across the board' to curb oil and gas industry emissions

Regulator claims oil and gas electrification could deliver emissions savings equal to taking one million cars off the road for a year

clock 27 March 2024 • 4 min read
Carbon Tracker: Oil majors continue to reward execs for driving fossil fuel production growth

Management

Carbon Tracker: Oil majors continue to reward execs for driving fossil fuel production growth

Fossil fuel giants' executive renumeration packages are betting against the clean energy transition, financial think tank warns

clock 29 February 2024 • 3 min read
'We are worried about timescales slipping': MPs warn looming election risks derailing government green policies

Policy

'We are worried about timescales slipping': MPs warn looming election risks derailing government green policies

Environmental Audit Committee says government could run out of Parliamentary time for several key, delayed pieces of net zero policy ahead of general election

clock 23 February 2024 • 5 min read
Barclays pledges to stop directly financing new oil and gas projects

Investment

Barclays pledges to stop directly financing new oil and gas projects

Bank’s revised Climate Change Statement promises to halt financing for energy firms' upstream oil and gas expansion projects or related infrastructure

clock 09 February 2024 • 6 min read
'Greenlighting a new drilling frenzy': Green groups slam latest wave of North Sea oil and gas licences

Policy

'Greenlighting a new drilling frenzy': Green groups slam latest wave of North Sea oil and gas licences

Decision to award 24 new North Sea oil and gas licences shows government still has 'fingers in their ears', campaigners claim

clock 31 January 2024 • 5 min read
How private equity firms are taking 'serious gamble' when backing North Sea oil and gas

Investment

How private equity firms are taking 'serious gamble' when backing North Sea oil and gas

Carbon Tracker think tank warns private equity firms could see cash flow from fossil fuel projects diminish by between 60 and 100 per cent by 2030 as energy transition gathers pace

clock 25 January 2024 • 4 min read
'An insult': Mayors, scientists, and economists join last ditch call to halt North Sea oil legislation

Politics

'An insult': Mayors, scientists, and economists join last ditch call to halt North Sea oil legislation

Ahead of Parliamentary debate, government faces fresh round of criticism over its controversial plan to mandate annual oil and gas licensing

clock 22 January 2024 • 7 min read
Alok Sharma: 'I will not be voting for oil and gas licensing bill'

Politics

Alok Sharma: 'I will not be voting for oil and gas licensing bill'

Former COP26 President follows Chris Skidmore in confirming he will not vote for the government's controversial Offshore Petroleum Licensing Bill

clock 08 January 2024 • 4 min read
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