Norwegian company OKEA has strengthened its management team by appointing experienced professionals to implement new strategic objectives and expand operations beyond mature fields. As a result of these changes, the executive team has been streamlined and refreshed.
BP is considering reducing its investments in oil and gas production on the UK continental shelf due to high tax burdens and regulatory uncertainty. The company acknowledges the potential of existing fields but emphasizes that stable conditions are essential for new investments.
Over the past decade, the season of coastal ice along Alaska’s northern shore has significantly shortened, especially in the Chukchi and Beaufort Seas. This change is affecting the traditional way of life of local communities and their infrastructure, while also increasing the impact of waves on the coastline.