A new analysis of North Sea oil and gas production by S&P Global Commodity Insights illustrates the degree that greenhouse gas (GHG) intensity can vary from one oil and gas asset to the next, and the factors that ultimately determine it. The average GHG intensity of production in the UK and Norwegian areas of the North Sea was 12 kilograms of carbon dioxide equivalent per barrel of oil equivalent (kgCO2e/boe) in 2021. A deeper analysis revealed that nearly 2/3 of total production was found to have an intensity below that basin-wide average. Meanwhile, assets responsible for just 20 percent of total production generated half of the basin’s total GHG emissions. Overall, individual assets acros(…) Read More »

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