New North Sea oil and gas fields will emit 28m tonnes of carbon dioxide

This amount – about 28m tonnes of carbon dioxide over the lifetimes of the fields – will be increased more than eightfold, if potential licences under consideration are also granted, according to data from public sources analysed by Greenpeace.

ONGC signs six contracts for three offshore fields

Oil and Natural Gas Corporation (ONGC) has signed six contracts for Discovered Small Fields (DSF) in offshore, with three each for fields in the Arabian Sea and Bay of Bengal. The contracts were obtained under the DSF-III bid round. These also include four contract areas as a sole bidder and 2 contract areas in partnership

Fossil fuel cos to spend more on new oil fields development

The world’s biggest oil and gas companies, including Shell, Exxon and Gazprom, are projected to spend €857 billion on new oil and gas fields by 2030. This could grow to a staggering €1.4 trillion by 2040, says new research from Global Witness and Oil Change International. All 20 of the companies investigated by two NGOs