North Sea

UK hits Chinese oil & gas giant’s European arm with £125K fine in flaring and venting clampdown

North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on a European affiliate of China’s state-owned oil and gas giant for breaching its venting consent on two separate occasions at a field located 60 miles northeast of Aberdeen.
The …

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WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task

Energy intelligence group Wood Mackenzie has published a report listing several key trends shaping the future of the energy sector, including three that are relevant to the offshore industry – the fast pace of China’s energy transition, a comparison of…

WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task Read More »