The North Sea Transition Authority (NSTA) has announced that the North Sea oil and gas industry progressed on its transition to net zero by cutting production emissions by 4% last year, a fourth consecutive year of reductions. This includes a 49% reduction in flaring in the same five-year period – but oil and gas production must get cleaner and electrify to safeguard the sector’s future. An emissions reduction plan will put operators on long-term pathways to net zero.
Source: NSTA.