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.

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 ...

LONDON (Reuters) - Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising ...

British oil production from its offshore North Sea oil fields began in 1975, alongside Norway. The two countries pursued very different policies as regards investing the cash windfall – to be ...

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 ...

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 ...

A section of the BP Eastern Trough Area Project oil platform in the North Sea, around 100 miles east ... BP said it remained “committed to the U.K. North Sea,” which the British company ...

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 oil and gas production at about 1.5 million barrels of oil equivalent per day (boepd), or about 1% of global oil demand, has fallen from a peak of around 4.4 million boe/d in 1999.

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 ...