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Labor Leader’s Oil Plans Spark Outrage In Scotland

June 1, 2023

Labor Leader’s Oil Plans Spark Outrage In Scotland Labour leader Starmer said that his party would end oil and gas investment in the UK North Sea. Scottish politicians called the plan a ‘job destroyer’. Energy security could be at risk if the UK actually bans new upstream investment in the North Sea. In January this […]

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This Is Just The Beginning Of Europe’s Gas War

February 12, 2019

This Is Just The Beginning Of Europe’s Gas War In a move that should not surprise energy pundits nor even those that follow geopolitical news in Europe, on Thursday Russian gas giant Gazprom said it’s looking to gain an even larger gas market share in Europe following record-high 2018 exports, as it expects a decline […]

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European oil consumption after North Sea Peak Oil

November 28, 2018

European oil consumption after North Sea Peak Oil Hors-d’oeuvre On the streets of Paris: 24 Nov 2018 Fuel price protests on the Champs Elysees https://france-inflation.com/prix-carburants.php 20 Nov 2018: The “gilets jaunes” have a hard time to convince truck drivers to join their movement https://www.francetvinfo.fr/economie/transports/prix-des-carburants/gilets-jaunes-les-routiers-divises_3045615.html They were more successful on the French island of Réunion in […]

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North Sea Oil Has Escaped Its Death Spiral

March 22, 2018

North Sea Oil Has Escaped Its Death Spiral The oil industry is expected to increase spending in the North Sea and the number of projects that could receive a greenlight is set to rise this year for the first time in half a decade. An estimated 12 to 16 green-and brown-field projects are expected to […]

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The Beginning Of The End For Norwegian Oil

December 19, 2017

The Beginning Of The End For Norwegian Oil The demise of the North Sea doesn’t necessarily mean the end of Norway’s petroleum era—far from it. Still, despite significant reserves in the Barents Sea, Norway is about to embark upon a long period of structural decline as its benchmark fields inch closer to depletion and its […]

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‘Perfect Storm’ Wreaks Havoc On Europe’s Energy Market

December 14, 2017

‘Perfect Storm’ Wreaks Havoc On Europe’s Energy Market The natural gas market in Europe suddenly got a lot tighter this week, with two unexpected supply outages wreaking havoc across the continent, forcing Italy to declare a state of emergency. The first incident that made big headlines was the crack in the Forties pipeline in the […]

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Norway’s Oil Sector Faces Existential Crisis

November 7, 2017

Norway’s Oil Sector Faces Existential Crisis Oil companies have recently focused on frontier exploration drilling in the Barents Sea offshore in Norway, neglecting the powerhouse of the Norwegian oil industry, the North Sea. Exploration activity in the North Sea—the most mature area of Western Europe’s biggest oil producer—is at an 11-year low this year, which […]

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The North Sea Oil Recovery Is Dead In The Water

September 8, 2017

The North Sea Oil Recovery Is Dead In The Water The oil majors issued a vote of confidence for the North Sea in recent days, citing precipitous declines in the cost of production, which they say will revive the region’s oil and gas production. At an oil industry conference in the North Sea’s oil capital, […]

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UK Oil Industry At The “Edge Of A Chasm”

February 25, 2016

UK Oil Industry At The “Edge Of A Chasm” Oil production from the North Sea could plummet over the next decade, an outcome that will largely result from the inability of oil companies to invest in upstream exploration today. Oil & Gas UK, an industry trade group, said in a new report that the North Sea is […]

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Bitter economic winds hasten oil industry’s retreat from the North Sea

February 8, 2015

Bitter economic winds hasten oil industry’s retreat from the North Sea Shell’s decision to begin dismantling operations in the famous Brent field is a striking example of the global impact of falling oil prices For one oil industry veteran, the dismantling of the Brent oil field in the North Sea prompts mixed feelings. There is […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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