Could Australian oil and gas be on the brink of a new dawn? With a BHP and Woodside merger valued in the billions of dollars, we consider the wide-ranging impacts of this deal at the top of the Australian offshore industry.
Elsewhere, the global offshore industry faces familiar challenges as actors struggle to balance financial gain with environmental responsibility. Both in the broader context of a more conservation-conscious world, and the specific context of the upcoming COP26 summit, oil majors face significant challenges to remain productive and profitable in an ever-changing world.
We also dig deep into the plight of Covid-19 vaccinations at offshore facilities, and ask why, despite the obvious health benefits, many oil and gas companies have not yet made vaccination compulsory to work at their projects. Finally, we profile offshore activities in Nigeria and Greenland, asking why the former has suffered from a research and development shortage, and why political changes in the latter have pushed the government away from offshore exploration at all.
In this issue
COP26: how can an oil and gas company exit the business?
In Paris, 2015, world leaders confronted the inconvenient truth of a polluted world, and the need to end pollution by 2050. Matthew Farmer asks why, in the six years since, governments and companies have dodged, erred, and under-performed in the need to reach net-zero emissions.
Working together, pulling apart: what role does oil and gas have to play in a changing world?
Oil & Gas UK published its annual economic report in September, highlighting the importance of oil and gas amid the clean energy transition. Scarlett Evans asks whether traditional oil and gas companies have a role to play in a rapidly-changing oil and gas ecosystem.
Australian petroleum’s new future
A multi-billion dollar merger will soon push Woodside to the top of oil and gas in Australia. The enlarged company will expand its reach and double its value when the deal completes in mid-2022, and Matthew Farmer asks how the deal will change Australia’s energy landscape, with COP26 fast approaching.
Oil and gas in Nigeria: meeting the R&D shortage
The Nigerian Content Development and Monitoring Board has announced the launch of a $50m research and development fund for developing the country’s oil and gas industry. Scarlett Evans asks what does the latest investment mean, and what does the nation’s overall oil and gas landscape look like?
Why oil and gas companies won’t require vaccines for offshore work (yet)
Industrial leaders in technology and finance have told their workforces: no jab, no job. Matthew Farmer investigates why, despite the close-quarters nature of offshore work, oil and gas companies seem unlikely to adopt similar policies.
The Greenland freeze: why has Greenland stopped oil and gas exploration?
JP Casey asks why Greenland has announced plans to stop awarding new oil exploration licences for its waters, despite its considerable mineral potential.
Next issue: safety and security at work
As is the case in all industrial sectors, safety remains a priority for the offshore industry, with policymakers, thinktanks and corporations all eager to announce their commitments to safety protocols.
But how effective are these programmes in reality, and how do they affect the lives of offshore workers, who often suffer the worst consequences when safety standards are breached? We ask how continued resource exploitation and human lives can be best balanced in the industry.