Wood Mackenzie

“Wood Mackenzie estimates that Indonesia's fuel consumption could be higher this year at around 690,000 bpd.”

“In an upside scenario, a more supportive political and regulatory framework combined with elevated prices could unlock an additional £7billion of investment and 740 million barrels of oil equivalent.”

“Wood Mackenzie said additional revenues generated from North Sea production could help address an estimated £5billion gap in Labour's defence spending commitments.”

“The North Sea has gone a full year without a single final investment decision, which Wood Mackenzie attributed to 'four years of fiscal unpredictability' following repeated changes to the sector's ta…”

“The number of operators active in the North Sea fell from 77 to 34 over the past decade.”

“In a downside scenario, an uncompromising regulatory approach to platform electrification could cause operators to pull back from pre-sanction projects, resulting in £11billion in foregone investment…”