oil and gas

With many forecasts signalling declining oil and gas demand by 2030, Carbon Tracker warns petrostates face an $8tr drop in revenues by 2040

Investigations reveal how Saudi Arabia is working on controversial plan to 'hook' developing economies on oil and gas

Producers must decide whether to commit to green investment and climate goals, or continue a high-risk business as usual strategy, IEA warns

But critics claim new tests in Offshore Petroleum Licensing Bill will do little to help ensure net zero emission targets are met

BusinessGreen rounds up all the reaction from business leaders, campaigners, and energy and climate experts to the government's new legislative agenda

Speech confirms plans for annual oil and gas licensing rounds, as government also promises action to boost renewables investment, accelerate clean energy grid connections, and deliver new self-driving vehicles

Proposed net zero 'tests' for future licensing rounds branded as 'beyond disingenuous' by climate campaigners

North Sea Transition Authority confirms 27 new licenses awarded for 'quicker to production' areas, as reports suggest King’s Speech will double down on anti-green measures

Trade body doubles down on argument that investment in North Sea fossil fuel extraction can benefit the climate, but critics remain unconvinced

The oil and gas industry has claimed a 24 per cent reduction in emissions from the North Sea basin since 2018 justifies its expansion - BusinessGreen unpacks the argument