The international conversation over the future of oil and gas often focuses on demand trends while the factors affecting supply receive considerably less attention. The new IEA report, The Implications of Oil and Gas Field Decline Rates, seeks to rebalance this debate by drawing on previous groundbreaking IEA analysis on decline rates and exploring what has changed. The new analysis draws on production data from around 15 000 oil and gas fields from around the world.
A judicial review brought jointly by the environment groups Greenpeace and Uplift is due to be heard at the Court of Session in Edinburgh.