This week, BP projected that global demand for oil may have peaked in 2019 and that we shouldn’t ever expect demand to recover to pre-COVID-19 levels. On the face of it, BP’s analysis is stark, with global demand for oil reducing in all three of its scenarios over the next thirty years.
Our client Humber Oil & Gas’ divestment of its interest in one of the largest UK onshore hydrocarbon discoveries may have been our second oil and gas deal of 2020, but it was the first we conducted wholly remotely, thanks to UK lockdown rules.
The rig site survey has begun on Corallian Energy's Curlew-A field in the central North Sea.
Corallian Energy and partners will focus on the Colter South discovery off Bournemouth after their main target to the north disappointed.
Reabold Resources will invest £3 million Rathlin Energy in exchange for a 37.08% equity interest in the firm.