What happens when national interest and energy needs come into conflict? Could Germany’s latest opposition to the Nord Stream 2 pipeline completely derail the project, or can a compromise be reached in a scheme that could set a precedent for cross-border oil and gas projects.
We also consider some of the more dramatic regional impacts of changes to the oil and gas industry, and see what lessons can be learned from these examples. From Texas’ infamous winter freeze, to the green power potential of Saudi Arabia, and the potential, or threat, of decommissioning in Scotland, these are tangible examples of the consequences of disruption, innovation and change in an increasingly precarious sector.
Elsewhere, we look at new technologies surrounding carbon capture, and ask if underwater storage solutions could be a key contributor to the oil and gas industry’s decarbonisation efforts.
In this issue
Nord Stream 2: the geopolitics of a changing gas market
A recent decision by the German Federal Network Agency to temporarily suspend the Nord Stream 2 pipeline caused a wave of speculation over how long the delay would last and whether Europe would see blackouts this winter as a result. Scarlett Evans looks at the latest delay, and how changing energy mixes are set to affect the gas market further.
Could underwater carbon storage clean up UK oil and gas?
A new report from Oil and Gas UK has highlighted the potential for underwater carbon storage, with the industry body confident that the country could stash away up to 100 million tonnes of carbon dioxide, offsetting a considerable volume of the sector’s emissions. Scarlett Evans asks if the technology could be our answer to a cleaner oil and gas industry.
Supply and demand: the challenges winter will bring
As the majority of the world’s population heads towards winter, there are growing fears that this could be one of the hardest of modern times. Andrew Tunnicliffe investigates how spiking prices and a challenging supply environment could impact power in winter.
Scottish divestment: could, and should, Scotland pull out of oil?
Scotland is facing an existential crisis as it looks to balance the short-term productivity of its oil and gas industry with the need to protect the environment in the long term. JP Casey asks if this balance can ever be achieved, amid increasingly bleak warnings about the future of the Earth’s climate.
Q&A: shipping industry gains new framework to aid decarbonisation
Scarlett Evans speaks with Vincent Demoury, secretary general of the International Group of LNG Importers, about the association’s latest framework for monitoring and reporting emissions from LNG vessels, as the sector makes moves to clean up its fleet.
A history of oil and a future of what? Inside Saudi Arabia’s green potential
At the end of October, Saudi Arabia announced it was accelerating its mission to decarbonise, with a new target of achieving net zero by 2060. While a seemingly welcome sign, the country has a lot to prove in the road to net zero, and doubts have been raised over the viability of its mission. Scarlett Evans investigates these claims.
Next issue: exploration and extraction
While minimising the environmental impact of the oil and gas sector is a key concern for actors in the industry, it remains true that much of the world still runs on fuel generated by the sector. With this in mind, we consider new exploration methods and projects, and ask how best the industry can balance the need to expand with its environmental and social responsibilities.