Westwood Insight – Norway leads the way with emissions intensity and electrification projects
Westwood takes a deep dive into Norway’s emissions forecast and the impact future electrification projects are expected to have.
Westwood takes a deep dive into Norway’s emissions forecast and the impact future electrification projects are expected to have.
Exploration activity over the last decade has been impacted by two major oil price crashes and a global pandemic, which have resulted in large fluctuations in drilling costs, exploration performance and discovered volumes. Despite the maturity of the Norwegian Continental Shelf (NCS), Norway continues to be a global hotspot for exploration.
The pressure is rising to reduce emissions from upstream operations. The last few years has seen a reduction in total emissions and improvement in emissions intensity as companies have focused their attention on operational advancements and efficiencies.
The State of Exploration report is published at a time which may come to be seen as a watershed moment in the global energy industry.
Project Brief The Client was considering a potential investment into a portfolio of mature to...
After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price. Exploration activity could recover to 2019 levels and investment in new developments is set to increase.
Video on demand for Westwood's December 2020 webinar on Stalled Resources.
The UK’s path to reaching net-zero by 2050 will result in a structural shift in...
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