Investments in the North Sea have significantly decreased, which may lead to an 80% oil production decrease by 2030 and push the UK to rely on foreign fossil fuels for its energy needs.

Michael Shanks said bolstering North Sea production would make ‘no material differencpe’ to imports For ads that aren’t ...

business conditions”, an industry body argues. North Sea production has fallen to the lowest level on record, leaving the UK importing about half the oil and gas that it needs.

But there is heated debate in Britain about whether new oil and natural gas projects in the North Sea should be permitted at all, given the country’s ambitions to achieve net zero emissions by 2050.

This guidance will determine whether production can go ahead in the controversial Scottish fields, Rosebank and Jackdaw.

May 28 (Reuters) - Britain said it was planning a small cut in taxes on North Sea oil and gas production in the hope of adding a small amount of extra production and announced strong interest in ...

D NO has entered an offtake agreement with French energy company Engie for its Norwegian North Sea gas production, via DNO's wholly owned Norwegian subsidiaries. This strategic move follows Norwegian ...

Prior to that, in April 2017, the company sold its Forties Pipeline System (FPS), opened in 1975 to transport crude oil from the Forties field in the North Sea, to petrochemical tycoon Jim ...

A North Sea platform about 45 miles (70kms) east of the Aberdeen, UK (Photo: Andy Buchanan/AFP via ...More Getty Images). AFP via Getty Images. Early in October 2020, Premier Oil (LON:PMO) – one ...

Alok Sharma, the lawmaker appointed by the UK government to lead COP26, did not directly address whether North Sea oil production contradicts UK climate goals when asked by reporters Monday ...

The huge Johan Sverdrup oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, ... Johan Sverdrup will boost Norwegian oil production through the mid-2020s, ...

The North Sea oil production platform Piper Alpha, left, which was destroyed after an explosion, is seen July 7, 1988. PA Wire/AP William Douglas Cullen, Baron Cullen of Whitekirk, led a public ...