Virtually all British banks have stopped financing smaller independent oil and gas producers, responsible for the bulk of output and investment in the North Sea, Neptune Energy has revealed ...

The British government approved the development of a huge oil and gas field in the North Sea Wednesday, sealing its commitment to keep producing fossil fuels for decades to come.

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.

British regulator awards more North Sea oil and gas licences. By Reuters. May 3, 2024 7:59 PM UTC Updated May 3 ... Britain's North Sea output stands at about 1.3 million barrels of oil equivalent ...

British regulators on Wednesday approved new oil and gas drilling at a site in the North Sea, a move environmentalists say will hurt the country’s attempt to meet its climate goals.. The U.K.'s ...

The U.K. last saw planned blackouts in the 1970s, during an international oil crisis and a series of coal miners’ strikes. The North Sea Transition Authority, or NSTA, said almost 900 new ...

COPENHAGEN/LONDON/OSLO (Reuters) -Shell and Norway's Equinor will merge their British North Sea assets to form what is set to be the ageing basin's largest oil and gas company, the pair said on ...

The British government approved the development of a huge oil and gas field in the North Sea Wednesday, sealing its commitment to keep producing fossil fuels for decades to come.

Britain's North Sea output stands at about 1.3 million barrels of oil equivalent per day (boed). That is down from about 4.4 million boed - more than OPEC heavyweight Iraq - at the start of the ...

British regulator awards North Sea oil and gas licences. By Ron Bousso. January 31, 2024 2:51 PM UTC Updated January 31, 2024 Summary; Companies; NSTA awards 24 new licences aimed at ...