Justifying new North Sea licences ‘very simple’, hears Aberdeen event
A Westwood event in Aberdeen heard that the justification for new North Sea licences against a backdrop of energy transition is “very simple”.
UK licensing round
Most Scots back Rishi Sunak’s push for more oil and gas, poll shows
Most people in Scotland back Rishi Sunak's decision to grant new oil and gas licences, according to new research on public attitudes to the future of the energy industry.
Should the UK set an end date for North Sea licences?
Rishi Sunak has confirmed that he will grant hundreds of new North Sea licences as part of an ongoing exploration round, however, is this the right move for the UK and the environment?
Protestors that scaled Sunak’s house in ‘stupid stunt’ arrested
Greenpeace protestors that scaled the North Yorkshire home of Rishi Sunak have been arrested following hours at the prime minister’s house.
Opinion: Signs point upward for investment
UK Offshore Licensing Rounds attract attention and the government settled into a routine of offering ‘car boot sales’ and then saying that the latest offering has attracted even greater interest than before. And so, when energy minister for the time being, Matthew Hancock, yesterday took the wraps off who is being provisionally offered what is the 28th Round, the predictable words were trotted out: “This successful licensing round, which is on track to be one of biggest rounds ever in five decades, is a boost for the UK economy and shows that our long-term economic plan is working.” How come certain big American brands are looking to exit and are virtually absent as bidders? How come practically everything on the UKCS is for sale; in large measure because of a fiscal regime long past its sell-by date and the penchant for Treasury to treat the North Sea as a milch cow? That said, there is quite a bit of interest as companies look to the future.