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Outlook 2006: The North Sea’s next chapter – From backbone to blueprint
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
A tale of two regulatory landscapes: the UK and Norway
The stark contrasts between the UK and Norway demonstrate how policy stability can shape the long-term trajectory of a mature basin
Equinor: Keeping offshore
The Norwegian NOC has used its offshore oil and gas prowess to expand into offshore wind, but project setbacks and lower returns are a concern for investors
TotalEnergies sticks to winning formula
TotalEnergies is an outlier among other majors for remaining committed to low-carbon investments while continuing to replenish and expand its ample oil and gas portfolio, with an appetite for high risk/high return projects.
Bleak times for UK North Sea
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
Sverdrup keeps on giving
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
The death knell for UK energy security
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
EU and UK look to security beyond gas
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
Can the UK take its foot off the gas?
While the government might complain about the vicissitudes of the international gas market, the UK's transition away from the fuel is fraught with challenges
Norway may have already reached peak oil supply
Castberg may not be enough to offset declines in other fields, while its vastly different quality has far-reaching implications for buyers
UK Norway Denmark Chevron TotalEnergies Shell Equinor
Simon Sjøthun
8 February 2019
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The changing landscape of north-west Europe

A rebound in the region is happening above and below water

The activity level in north-west Europe has rebounded in the past year driven by the revitalised oil price. Equinor, the most important operator in the region, is currently developing a record amount of projects simultaneously. In Denmark, the French giant Total is undertaking the redevelopment of the central Tyra hub. In the UK several mega-projects are nearing completion along with a multitude of smaller projects. Overall, the region illustrates a wide spectrum of activity, development concepts, companies and strategies that can be deployed to maximise the economic value of the natural resources. The first notable difference between the current development boom versus the boom from 2010 to

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