The burning of excess natural gas from global oil fields hit its highest level since 2019 last year, spewing enough pollutants into the atmosphere to equal those from an extra five million cars, according to a World Bank report.
The North Sea Transition Authority (NSTA) has fined NEO Energy £100,000 breaching its combined vent consent for the Donan/Dumbarton, Lochranza and Balloch fields.
The North Sea regulator has launched a new system for managing offshore flaring and venting paperwork, in a move it says will save time and reduce errors.
Halting methane releases is one of the most effective ways for the oil and gas industry to combat climate change. An International Energy Agency report released Tuesday also suggests it’s one of the cheapest.
Final day showdowns, mid-table mediocrity, relegation battles, underdogs, six-pointers – all things associated with the highs and lows of league sport.
The UK government has published its long-awaited Net Zero Strategy, with new support to help decarbonise offshore assets and updated plans for ensuring oil and gas licences meet climate goals.
For decades now oil and gas companies have been focused on making the decisions that matter when it comes to safely maximising production from their assets. But now there is a pressing need to also minimise the environmental impact of those operations. And the pressure to cut emissions is mounting by the day.