Sea of possibilities
Collaboration will be the key to maximising the North Sea's remaining potential
After decades of prosperity, oil and gas production is in decline in the North Sea and reserves will be depleted within a decade, according to a new report by Edinburgh University. This is despite a recent discovery by Statoil of around 25m recoverable barrels of oil close to the Scottish coast. It's not all doom and gloom however. The North Sea Opportunity, a report published by the Netherlands Committee of the World Energy Council, highlights that there are opportunities to cut the costs of decommissioning and even open up new markets including wind and biomass. "Oil and gas will continue to be an important source of energy for the foreseeable future," said Dr Uwe Franke, Chairman of the G
Also in this section
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
