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Decommissioning Spending In UK North Sea Hits Record High
Decommissioning Spending In UK North Sea Hits Record High
Authored by Michael Kern via OilPrice.com,
Decommissioning remained a major activity across the UK North Sea in 2025, with industry spending hitting a record-high of £2.6 billion, or $3.5 billion, the North Sea industry regulator said in a report on Thursday.
Well-decommissioning remains the single largest component of forecast decommissioning expenditure on the UK Continental Shelf (UKCS), accounting for around half of expected costs to 2032, the North Sea Transition Authority (NSTA) noted in its annual decommissioning cost and performance update.
The UK North Sea has a...
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Apr 2, 2026 / Tyler Durden
"Save Every Drop Of Fuel": South Korea Tells Citizens To Conserve, Ride Public Transit Amid Energy Shock
"Save Every Drop Of Fuel": South Korea Tells Citizens To Conserve, Ride Public Transit Amid Energy Shock
The Gulf energy shock is now hitting Asian economies with full force.
In Seoul, President Lee Jae Myung on Thursday urged citizens to "save every drop of fuel," a new sign policymakers are moving quickly into crisis mode as the U.S.-Iran conflict raises the risk of nasty fuel shortages across some of Asia's most energy- and Hormuz-dependent economies.
Lee told lawmakers in a parliamentary address about the urgent need to conserve fuel. He warned that...
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Mar 28, 2026 / Michael Dioguardi
Why Sovereign Debt Is Structurally Insulated from Market Discipline
Government debt is junk investment, but the markets treat it as gold. That is because government greases the skids, keeping its paper from the market discipline that private investments experience.
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Jul 21, 2026 / Tyler Durden
Spain's World Cup Hero Rocks 'Make Spain Great Again' Hat
Spain's World Cup Hero Rocks 'Make Spain Great Again' Hat
Authored by Steve Watson via Modernity News,
Spain are the world champions again. Ferran Torres came off the bench and smashed home the only goal of the 2026 World Cup final in the 106th minute against Argentina. The next day, as the open-top bus rolled through Madrid and nearly two million Spaniards packed the streets, the hero of the final stood shirtless, draped in the national flag, and wearing a bright red baseball cap that read "Make Spain Great Again."
The image...
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