MNI BRIEF: UK Services Inflation May Persist - Lombardelli

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Industrial, Service Rebound Buoys China's Q1 GDP

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Higher At 7.1028 Tues; -5.06% Y/Y

Minor Improvement In March Inflation Breadth Metrics, Food Revised Lower

MNI: GERMANY APR ZEW CURRENT CONDITIONS -79.2

MNI: GERMANY ZEW APR ECONOMIC EXPECTATIONS 42.9

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

North Sea Production Not in Sustainable Position: Shell's Head of Upstream

ENERGY

Simon Roddy Head of Shell upstream comments on North Sea production:

  • “The UK will still need its home-produced oil and gas, which would otherwise only be replaced by likely higher-emissions imports,”
  • “There was only one major development consent for the whole of the North Sea last year. I don’t fundamentally think that’s a sustainable position.”
  • “We are certainly looking at other opportunities, particularly gas and around our infrastructure,”
  • “It’s not our expectation to be the only operator with a major approved consent in the funnel.”
  • “Production decline versus the previous year was almost 15% - clearly if that kind of trajectory continues, the North Sea continental shelf is going to decline rather quickly.”
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.