An oil and gas company is handing back a licence that contains its former leading North Sea project. i3 Energy was floated on Aim in 2017 to raise funds to develop the Liberator discovery in the Outer Moray Firth. The area was initially thought to hold about 90 million barrels, but subsequent drilling suggested that the recoverable total was likely to be closer to 20 million. Yesterday i3 said that it had agreed with the Oil and Gas Authority, the industry regulator, not to move forward with a field development plan and would relinquish its licence as a result.
Times 5th Jan 2021 read more »
Braer disaster: Storms like the one that caused Shetland oil spill set to become more common in vicious climate change circle – Dr Richard Dixon. Twenty-seven years ago this morning, the oil tanker MV Braer hit rocks in Quendale Bay, on the mainland of Shetland.
Scotsman 5th Jan 2021 read more »