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Barclays To End Direct Financing Of New Oil And Gas Fields | Brunei's No.1 News Website

Barclays To End Direct Financing Of New Oil And Gas Fields | Brunei's No.1 News Website
brudirect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brudirect.com Daily Mail and Mail on Sunday newspapers.

Richard-curtis , Tony-burdon , Societe-generale , Emma-thompson , England-lawn-tennis-club , Credit-agricole , Barclays , Oil-and-gas-fields , Rainforest-action-network , All-england-lawn-tennis-club , Climate-change-statement , Arctic-circle

Norwegian government appeals court ruling invalidating oil, gas permits

Norway's government on Wednesday said it would appeal a court's decision to invalidate three permits that the energy ministry had granted for the development of new offshore oil and gas fields.

Oslo , Norway , Breidablikk , Hordaland , Trinidad-and-tobago , North-sea , Oceans-general- , Oceans , Copenhagen , Køavn- , Denmark , Trinidad

Australia's Karoon acquires stakes in Gulf of Mexico oil, gas assets for $720mn

Karoon will acquire a 30% interest in the Who Dat and Dome Patrol fields and associated infrastructure from US-based LLOG Exploration.

Karoon-energy , Who-dat , Dome-patrol , Australia , Julian-fowles , Gulf-of-mexico , Westlawn-group , Ceo , Oil-and-gas-production , Louisiana , Oil-equivalent

ASEAN region set to become net gas importer by 2025 [Gas in Transition]

Declining indigenous supply will pose added energy security concerns for the region, according to the ASEAN Centre for Energy. [Gas in Transition, Volume 3, Issue 8]

Retno-marsudi , Asia-zero-emissions-community , Centre-for-energy , East-asia-summit , Gas-reserves , Petronas , Gas-production , Oil-and-gas-prices , Oil-recovery , Global-ccs-institute , Higher-gas-prices

Norwegian outages highlight European vulnerability to gas supply shocks [Gas in Transition]

Outages at three major Norwegian facilities on June 13 and the resulting spike in European gas prices highlighted the continent’s now significant reliance on Norway’s gas and its vulnerability to supply shocks. [Gas in Transition, Volume 3, Issue 7]

Nyhamna , Finnmark , Norway , Ukraine , United-kingdom , France , Trinidad-and-tobago , Germany , Norwegian-sea , Oceans-general- , Oceans , Poland

Iraq's squandering of gas wealth [Gas in Transition]

By squandering its gas wealth for decades, Iraq today finds itself dependent on Iranian energy imports instead of being a regional energy hub. A new project involving TotalEnergies and QatarEnergy offers some hope, however. [Gas in Transition, Volume 3, Issue 7]

Russia , Saudi-arabia , World-bank , District-of-columbia , United-states , Trinidad-and-tobago , Tehran , Iran , Nasiriyah , Dhi-qar , Iraq , Baghdad

World Business Report

when the gas is burned, the c02 is separated out and then it's pumped underground to be stored in empty gas and oil reservoirs. the government has announced today it will fund a project at st fergus, on the north—east coast of scotland, and another on the humber. it's already announced investment in plants on teesside and on the mersey. none of these have been built yet and it will be many years before they will be capable of trapping anywhere near the millions of tonnes of c02 these new oil and gas fields will produce. but government advisers say the technology is vital to meet net zero targets. most sectors we can get to zero emissions but there's a fewer we still expect to have emissions in the future, so think of the steel sector for example, or the cement sector, possibly aviation, even farming, so emissions continuing past 2050 and beyond. so we need carbon capture to reduce emissions to zero in those sectors. and why is reaching net zero

Government , Big-oil , Gas , Southeast-scotland , Reservoirs , C02 , Project , East-coast , St-fergus , Anywhere , None , Plants

The Context

project — to get there. an offshore wind project i — to get there. an offshore wind project i worked on on the offshore of massachusetts that took years to -et of massachusetts that took years to get done _ of massachusetts that took years to get done and it's nowhere near being completely— get done and it's nowhere near being completely dead meat finally gotten approval— completely dead meat finally gotten approval last year after years of work _ approval last year after years of work and — approval last year after years of work and actually getting energy from _ work and actually getting energy from that is going to take a long time _ from that is going to take a long time and — from that is going to take a long time and this is where washington wrestles— time and this is where washington wrestles with what is the short—term and long—term in the short—term, oil and long—term in the short—term, oil and gas _ and long—term in the short—term, oil and gas is _ and long—term in the short—term, oil and gas is still king and that is not changing anytime soon, regardless of what we want to see in 2035 and _ regardless of what we want to see in 2035 and 2015 to at zero —— 2050. | 2035 and 2015 to at zero —— 2050. regret that 2035 and 2015 to at zero —— 2050. i regret that he did it, they signed the paris — regret that he did it, they signed the paris agreement _ regret that he did it, they signed the paris agreement and - regret that he did it, they signed the paris agreement and new i regret that he did it, they signed the paris agreement and new oil| regret that he did it, they signed i the paris agreement and new oil and a-s the paris agreement and new oil and gas fields, _ the paris agreement and new oil and gas fields, they _ the paris agreement and new oil and gas fields, they basically _ the paris agreement and new oil and gas fields, they basically exiting i gas fields, they basically exiting at the _ gas fields, they basically exiting at the international— gas fields, they basically exiting at the international energy- gas fields, they basically exiting i at the international energy agency in 2021— at the international energy agency in 2021 set—

Offshore-wind , Energy , Work , Project , Meat , Approval , Offshore , Massachusetts , Oil-and-gas , Wasn-t-oil , Gas , Oil

Verified Live

some environmentalists and climate scientists say carbon capture and storage is a "dangerous distraction" that could give polluters a licence to carry on polluting. and the cash the government is announcing is to try and kick—start a new industry. it will be many years before it will be capable of trapping the millions of tonnes of c02 these new oil and gas fields will produce. and there is another issue — the uk's ability to lead on the climate. why would other countries listen if the uk urges them to scale back oil and gas production when it is chasing down its last reserves of oil and gas? so is the uk right to, asjustin said, "chase down the last reserves" of oil and gas in the north sea? let's ask lord deben, the former chair of the independent committee on climate change which advises parliament on progress on emissions targets.

Westminster , Carbon-capture , Climate , Storage , Distraction , Environmentalists , Licence , Cash , Industry , Polluting , Polluters , Millions