All the updated news related to uk oil

All the news related to uk oil updated in real time

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Investment plea after gas supplies from Norway outstrip those from the North Sea

The UK used more gas from Norway than it did from the North Sea in 2021, after gas production within the UK fell “significantly” last year. Ross Dornan of industry body Offshore Energies UK (OEUK) said this marked the first time that supplies from a ...

14 Jun 2022 at 17:23

Rees-Mogg: New oil and gas licensing will boost UK economy and energy security

A new licensing round for oil and gas exploration will boost both the UK’s economy and energy security, Business and Energy Secretary Jacob Rees-Mogg has insisted. The UK Government minister spoke out as the North Sea Transition Authority (NSTA) ...

07 Oct 2022 at 09:39

New oil and gas exploration good for environment, insists climate minister

A new licensing round for oil and gas exploration in the North Sea will be “good for the environment”, climate minister Graham Stuart has said. The North Sea Transition Authority (NSTA) will begin the 33rd round of offshore licences, with the ...

07 Oct 2022 at 16:25

New oil and gas licence plans will withstand legal challenge, says energy boss

The body that represents the UK’s offshore energy sector has insisted it is “confident” plans for new oil and gas licences for the North Sea will withstand a threatened legal challenge from climate campaigners. It is expected the North Sea ...

29 Sept 2022 at 14:49

New chief executive set to take helm at Offshore Energies UK

Offshore Energies UK (OEUK) has appointed its new chief executive. David Whitehouse, who will take on the role from January, is an industry veteran with more than 30 years of experience. He is known for his hands-on leadership and passion ...

14 Dec 2022 at 18:04

Proposed oil field will have lowest possible carbon footprint, vows developer

Development plans have been announced for an oil field which could produce almost 70,000 barrels of oil a day at its peak. Norwegian state-controlled Equinor said it wants to take forward projects such as the Rosebank field – which is ...

05 Aug 2022 at 18:07

Developers stop oil drilling in Surrey amid legal row after Supreme Court ruling

Developers have suspended oil extraction at a site in Surrey four months after the Supreme Court quashed its planning permission. Climate campaign group Friends of the Earth, which supported local activist Sarah Finch during the ...

29 Oct 2024 at 17:23

Scotland

Oil industry will spend £20bn on decommissioning over next decade, say chiefs

More than 2,000 oil and gas wells are expected to be decommissioned in the North Sea over the next decade at a cost of about £20 billion, according to the industry. A number of decommissioning projects have been brought forward,...

22 Nov 2022 at 01:01

UK could face importing 70% of oil and gas needs by 2030, new report warns

The UK could have to import 70% of its oil and gas demand by the end of this decade if there is not “sustained investment” in the sector, industry leaders have warned. It comes after a report said production from the North Sea ...

03 Sept 2025 at 00:01

Oil and gas industry calls on Johnson to reject windfall tax proposal

UK companies servicing oil and gas operators have urged the Prime Minister and the Chancellor against enforcing a windfall tax, in an open letter. Political pressure has mounted on the UK Government for a one-off additional ...

24 May 2022 at 01:01

Kemi Badenoch pledges to make oil and gas ‘cornerstone’ of UK economy

A Tory government would make North Sea oil and gas the “cornerstone” of the economy, Kemi Badenoch will pledge, as she hit out at Labour for treating the sector as a “relic of the past”. The Conservative leader, who said ...

02 Sept 2025 at 09:51

Scottish Tories voice concern at ‘deeply disappointing’ windfall tax extension

Senior Scottish Conservatives have spoken out against the Chancellor’s decision to extend the windfall tax on energy firms in his Budget – with UK energy minister Andrew Bowie branding the move “deeply disappointing”. ...

06 Mar 2024 at 16:41

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