Countries that make up the European Union has passed a regulation limiting the amount of methane emissions that can be imported into Europe starting in 2030.
The oil and gas industry has the chance to cut its Scope 1 and 2 emissions and acquire the essential technologies required to reach the net-zero objective.
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To reduce their lifetime CO2 emissions by up to 32 million tons, North Sea operators have the option to invest up to £3 billion in 14 significant projects.
Debates on the prospecting for oil in geologically potential but sensitive Equatorial Margin in Brazil are sparking public disputes between federal officials.
The strict emissions reduction plan may go on to cause the traditional oil and gas output to drop by 17%, which would mean 51,000 jobs would be lost annually.
