Norway is betting that zeroing out emissions from oil production will help it meet internationally agreed climate targets while future-proofing an industry that’s made it one of the richest countries in the world.
As an industry, we’ve made good progress in mental health support, but we need to do more. According to a study by the International SOS Foundation, which looked at the mental health vulnerabilities for remote and rotational workers, 40% of respondents experience suicidal thoughts while on duty.
Equinor has made a commercially viable gas discovery near the Gina Krog field in the North Sea, with production to potentially start as early as this year.
“As political and policy volatility becomes a feature of the operating landscape, even private companies with a high risk appetite could be facing binding constraints when seeking to invest in Vaca Muerta and offshore plays,” the analyst said.
“I believe developing Rosebank will be needed, as oil and gas will be needed in the energy transition. Our strategy is to develop oil and gas, renewables and low carbon solutions.”
Shetland has a long history of involvement in the North Sea oil and gas industry, and now the Rosebank oil field looks set to continue that history for decades to come.
BP (LON: BP) has hit a key milestone ahead of reaching a final investment decision on the Northern Endurance carbon capture and storage (CCS) project in the UK.
The North Sea Transition Authority signed off on the ever-controversial Rosebank oil field this week and lit a tinderbox of political and environmental debate.