UK
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Bernard Looney resigns, Murray Auchincloss takes over as acting CEO. -
Government and industry leaders support the oil and gas industry's role in the energy transition.
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UK Prime Minister Rishi Sunak commits to future oil and gas licensing rounds as new analysis shows domestic gas production has around one-quarter the carbon footprint of imported liquefied natural gas.
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Plan granted contains permission for one appraisal well and up to six horizontal development wells.
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The center will allow developers and researchers to test digital and robotic products and services for offshore renewable energy.
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Companies licensed to drill in the North Sea will report their findings to regulators under new powers brought forward in an Energy Bill amendment.
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As the US bests Qatar and Australia for top LNG supplier, Europe is overtaking Asia as the top destination for US cargoes.
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The Energy Profits Levy will target profits made from a spike in oil and gas prices as energy demand is going up after pandemic lockdowns ended and the Russia/Ukraine conflict started.
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A study of a limited number of decommissioned oil and gas wells in England found no evidence of methane leaks, including four wells found to be leaking in an earlier study.
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The new areas are expected to make a significant contribution to the government’s target of capturing and storing 20 million–30 million tonnes of carbon dioxide per year.
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