UK

The UK government expects that this will reduce dependence on energy imports and also provide 200 thousand jobs The UK government intends to legislate the annual issuance of new licenses for the development of oil and gas fields to strengthen national security. This was announced by the office of Prime …

British energy BP does not need new oil and gas resources in the United States, said company CEO Murray Ashinkloss, commenting on media reports about possible new projects in this region. On Monday, Reuters, citing sources, wrote that BP is considering the possibility of creating joint ventures to increase shale …

The UK government has supported the suspension of deep seabed mining until enough information is collected to assess the impact on the environment, the Financial Times reported on Monday. “On Monday, the government announced its support for temporarily suspending sponsorship or licensing support for seafloor metal mining projects until sufficient …

Both countries are increasing capital investment in hydrocarbon production on the North Sea shelf, and also continue issuing licenses in this region. The oil and gas industries of Norway and the UK, which were experiencing a decline in investment some time ago, have now experienced financial problems and are increasing …

Ithaca Energy, one of the UK’s largest oil and gas producers, has slashed investment and is even talking about canceling a number of projects this year and next. The reason is the excessive expenses associated with the payment of the windfall income tax, which London initiated about a year ago. …

The UK’s North Sea Transition Authority (NSTA) latest report on the costs and performance of decommissioning UK offshore facilities shows that the industry has spent a total of around £8bn between 2017 and 2022. New figures show that the North Sea oil and gas industry spent £1.6bn in 2022 decommissioning …