Energy Secretary likely to reject Rosebank as oil will be exported
A likely rejection of the Rosebank project would delay or reduce new North Sea crude oil supply.
Source →The trace
How it reaches your house.
Starting from Shell plc, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Shell plc →Shortage riskHelix Energy Solutions Group, Inc.HLX
Shell accounts for 18% of Helix's consolidated revenue, so a Rosebank rejection that curtails Shell's North Sea project activity would likely reduce Shell-related offshore services demand.
51% confidenceShell plc →Shortage riskShell represents about 19.5% of Noble's backlog, so if Rosebank is rejected and Shell trims drilling work, Noble would likely lose backlog and revenue.
50% confidenceIrving Oil →Prices riseHop 2
Crude Oil Feedstock →Shortage riskGasoline and diesel are critical outputs of crude oil feedstock, so a reduction in crude supply would likely reduce their availability.
96% confidenceCrude Oil Feedstock →Shortage riskHome heating oil is also a critical output of crude oil feedstock, so less crude supply would likely constrain its availability.
95% confidence