North Sea independents aim to reap carbon footprint benefits
Two of the basin’s larger producers consider ways to cash in on relatively greener production
Sweden-headquartered Norwegian continental shelf operator Lundin Energy and the UK’s Neptune Energy both found themselves the subjects of takeover rumours in late November. The very low carbon footprint of the former’s oil—due to most of it coming from modern developments powered by renewable electricity from the Norwegian grid—and the gas focus of the latter’s portfolio are seen as key potential selling points. Lundin “has noted recent speculation in the markets”, the firm said after its share price jumped by more than 10pc on 29 November. “The company continuously engages in opportunities that are potentially value-accretive to its shareholders. In that context, the company does at times h

Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio