RE: gas price prospects: Bloomberg opinion piece27 Jan 2022 18:11
Very interesting I wonder what your views are on this as it makes no Logical sense to me given the current energy crisis, LONDON, Oct 6 (Reuters) - A British regulator rejected Royal Dutch Shell's (RDSa.L) plans to develop the Jackdaw gasfield in the North Sea after considering its environmental statement, industry sources said on Wednesday.
"We’re disappointed by the decision and are considering the implications," a Shell spokesperson said.
It was unclear on what grounds the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) refused to approve the environmental statement for the field's development.
The Department for Business, Energy and Industrial Strategy, under whose umbrella OPRED operates, did not immediately reply to a request for comment.
The decision comes as Britain and other European countries were saddled with record natural gas and oil prices due to a supply crunch ahead of the cold winter months.