Fact check: The US is the UK’s biggest foreign oil supplier

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Each time one of these “transboundary fields” is discovered across UK and Norwegian boundaries, governments in London and Oslo will sit down and negotiate to ensure that “benefits arising from any such development are apportioned in a fair and equitable way.” The company or companies who have the license for the field will establish how much oil and gas it holds and how it is distributed across any borders. That means that Norway shares with the UK eight of the 123 fields on the Norwegian continental shelf that have produced oil and gas since 1971. Many proponents of opening new oil and gas fields in the UK’s North Sea argue that more domestic production will improve the country’s energy security. Links Post on X DESNZ – Digest of UK Energy Statistics Annual data for UK, 2023 DESNZ – Imports of primary oil and petroleum products by country of origin North Sea Transition Authority – Transboundary fields DECC – UK-Norway trans-boundary oil & gas fields University of Dundee – International Unitization of Trans-Boundary Petroleum Deposits UK and Norway agreement relating to the delimitation of the continental shelf between the two countries UK and Norway agreement relating to the exploitation of the Frigg Field Reservoir UK and Norway agreement relating to the exploitation of the Statfjord Field, exchange of notes constituting an agreement amending the above-mentioned agreement Norwegian Petroleum – Statfjord Norwegian Petroleum – Murchison Norwegian Petroleum – Blane Norwegian Petroleum – Enoch Norwegian Petroleum – Utgard Norwegian Petroleum – Islay Norwegian Petroleum – Flyndre Norwegian Petroleum – Fields UK must allow new oil and gas fields – or risk surging import bills and future shortages, say industry experts UK Parliament – Energy security CCC – Letter to Kwasi Kwarteng BBC Breakfast on X