UK energy industry leaders are calling on newly appointed Prime Minister Andy Burnham to overhaul North Sea oil and gas policy, arguing his new government has an opportunity to improve investment conditions while maintaining the country’s energy transition.
The country is the second-largest producer of natural gas in the continent following Algeria, and the fourth-largest holder of natural gas reserves.
Novak: “The timely actions of OPEC+, thanks to which about 2.2 million barrels per day will be held off the market in the first quarter of next year, will allow the period of low demand to pass painlessly in the first quarter of 2024,”.