The company has announced it has received its best environmental, social and governance rating to date from Sustainalytics, putting it in the top 3% of all global oil and gas companies rated by the organisation.
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The Gjøa field in the North Sea, operated by Neptune, is already powered by hydroelectricity, generated onshore.
EnQuest and Equinor sanctioned for exceeding flaring permits while Spirit Energy was fined for breaching production limits.
API, AMEXHI and IOGP have renewed an MoU, strengthening mutual cooperation to help enhance operational performance across North American natural gas and oil operations.
Rudranil Roy Sharma, Director, Energy & Environment Practice, Frost & Sullivan writes an overview of the current Oil & Gas sector in the MENA Region.
The UK government is potentially facing three separate legal challenges as Greenpeace, Friends of the Earth and Uplift seek to stop up to 130 new oil and gas licences from going ahead.
The analysis found that, on average, UK production in the North Sea was nearly three times more GHG intensive (23 kgCO2e/boe) than Norwegian production (8 kgCO2e/boe).
The industry is forecast to contribute £14.9 billion in tax receipts during the 2022 – 2023 financial year, however industry members raised concerns around the case for continuing investment following recent changes to the Energy Profits Levy.