Several European oil and gas majors appear to be doubling down on their investments in fossil fuels, despite reports from earlier in the year warning that strict North Sea regulations could dampen interest in oil and gas. Shell and Equinor have just announced a new joint venture for their North Sea activities, while BP’s deal with Japan’s Jera will allow it to focus on continuing to exploit its oil and gas assets. While all three companies have expanded their renewable energy portfolios, it seems they are not yet ready to leave oil…
