Features
North Sea a future ‘powerhouse’ of energy security, say EU and UK leaders
The North Sea is a “powerhouse” for energy security for Europe and the UK, and can accelerate the global energy sector’s journey to a low-carbon future, the European Commission President said on Thursday as the EU and the UK governments came together to reiterate their commitment to the energy transition.
Wood Mackenzie: tariffs create oil industry uncertainty and price swings
Producers are preparing for potential further declines, with investment in the US Lower 48 tight oil sector particularly responsive. If prices plummet to US$50/bbl, up to 1.2 million barrels per day could be at risk by 2026. Wood Mackenzie’s latest report offers an in-depth analysis of the far-reaching consequences of ongoing market disruptions and geopolitical events on upstream production, investment and supply chains.
