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The UK has lost about 13 billion cubic metres (bcm) of indigenous gas reserves through flaring and venting over the past 10 years, exposing oil and gas operators to £2.6 billion in lost gas sales and £1 billion in Emissions Trading System (ETS) payments.
The MoU covers several areas such as project financing, funding, and the development of a complete value chain for CO2 handling.
The companies have signed a multi-year framework agreement to decommission wells in the North Sea, as part of the decommissioning specialist’s Plug and Abandonment Club offering.
The seventh annual Global Energy Talent Index has revealed that the recent gas price crisis has transformed oil and gas into the most popular sector for energy workers to join and has sent salaries soaring above pre-pandemic levels.
Each participant in the SoG Training Courses will gain expertise in functionality tests, best practices, configuration, troubleshooting, certificate of attendance and compliance.
The companies have announced their partnership to bring high horsepower, lower emissions technology to hydraulic fracturing.
The Gjøa field in the North Sea, operated by Neptune, is already powered by hydroelectricity, generated onshore.
EnQuest and Equinor sanctioned for exceeding flaring permits while Spirit Energy was fined for breaching production limits.
API, AMEXHI and IOGP have renewed an MoU, strengthening mutual cooperation to help enhance operational performance across North American natural gas and oil operations.
Rudranil Roy Sharma, Director, Energy & Environment Practice, Frost & Sullivan writes an overview of the current Oil & Gas sector in the MENA Region.
The UK government is potentially facing three separate legal challenges as Greenpeace, Friends of the Earth and Uplift seek to stop up to 130 new oil and gas licences from going ahead.
The analysis found that, on average, UK production in the North Sea was nearly three times more GHG intensive (23 kgCO2e/boe) than Norwegian production (8 kgCO2e/boe).