‘Oil and gas will power Britain for decades to come’
11 months, 2 weeks ago

‘Oil and gas will power Britain for decades to come’

The Telegraph  

Britain must kickstart a drilling race to extract the billions of barrels of oil and gas that remain offshore, says the chief executive of the North Sea Transition Authority. “Oil and gas has clearly been a dominant part of the North Sea’s history for the last 50-60 years. And it’s going to be a significant part of its next 25-40 years.” The UK’s offshore operators have produced 47 billion barrels of oil from the North Sea, Irish Sea and Atlantic waters over the last five decades. However, Payne says that 15 billion barrels of oil and gas remain in unmapped areas of the UK’s surrounding oceans, plus a further nine billion in parts already explored or drilled.

Oil Gas Payne Power Britain Billion Barrels  decades  gas  come  sea  terms  payne  oil  north  billion  barrels  power  britain  remain  uks

History of this topic

Miliband overrules officials with immediate ban on new North Sea oil
5 months, 2 weeks ago

Miliband overrules officials with immediate ban on new North Sea oil

The Telegraph  

Ed Miliband has ordered an immediate ban on drilling in new North Sea oil fields in a decision that overrules Energy Department officials and risks triggering a wave of legal action. The applications, from companies seeking to exploit up to 35 new North Sea areas, were submitted as part of the 33rd offshore oil and gas licensing round initiated by …

ALEX BRUMMER: Don't trash Britain's energy security
6 months, 3 weeks ago

ALEX BRUMMER: Don't trash Britain's energy security

Daily Mail  

Remember the Green Investment Bank? Six years ago, the Tory government's renewable energy project, including offshore windfarms, was sold to the infrastructure arm of Aussie vampire Macquarie for £2.3billion. As the July 4 election looms, we now have Mark Two from Keir Starmer in the shape of Great British Energy – Labour's £8billion plan to transition the UK to net …

Aberdeen could see ‘second renaissance’ with North Sea energy grid, says Brown
9 months, 3 weeks ago

Aberdeen could see ‘second renaissance’ with North Sea energy grid, says Brown

The Independent  

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. Read our privacy policy Aberdeen could enjoy a “second …

Most North Sea oil and gas projects risk being ‘unviable’ under Labour plans
10 months, 3 weeks ago

Most North Sea oil and gas projects risk being ‘unviable’ under Labour plans

The Telegraph  

The report said: “The Labour party currently has a healthy lead in the polls. “Our analysis shows that only a quarter of all new projects in the North Sea would be economically viable under Labour’s earlier proposals. Ross Dornan, markets intelligence manager at Offshore Energies UK, said: “Domestic resources supply about half our needs …it is crucial that we have …

New oil and gas exploration licences approved in the North Sea
10 months, 3 weeks ago

New oil and gas exploration licences approved in the North Sea

The Independent  

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. It is the second tranche of the North Sea …

New North Sea oil projects insignificant for UK energy independence, says non-profit
11 months, 2 weeks ago

New North Sea oil projects insignificant for UK energy independence, says non-profit

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The government’s claim of bolstering the UK’s energy security through new licenses “doesn’t stand up to scrutiny”, the research …

PM accused of ‘pandering’ to corporate interests over new oil and gas licences
1 year, 1 month ago

PM accused of ‘pandering’ to corporate interests over new oil and gas licences

The Independent  

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. Read our privacy policy Climate activists have accused Rishi …

North Sea decline leaves Britain ‘subservient to foreign regimes’, says Claire Coutinho
1 year, 2 months ago

North Sea decline leaves Britain ‘subservient to foreign regimes’, says Claire Coutinho

The Telegraph  

Such a decline would mean the UK will have to import up to 80pc cent of its oil and gas by 2030. However, cutting the UK’s energy demand will take years as oil and gas fuel Britain’s 32m petrol and diesel cars and heat roughly 25m homes. The world’s continued reliance on fossil fuels was evident on Wednesday as Shell …

Britain approves new North Sea oil drilling in welcome news for the industry but not activists
1 year, 2 months ago

Britain approves new North Sea oil drilling in welcome news for the industry but not activists

Associated Press  

LONDON — Britain on Wednesday gave the go-ahead for a major oil and gas project in the North Sea, ignoring warnings from scientists and the United Nations that countries must stop developing new fossil fuel resources if the world is to avoid catastrophic climate change. “Energy security and cheaper bills aren’t delivered by allowing highly subsidized, foreign-owned fossil fuel giants …

New North Sea oil field Rosebank to deliver billions for the Treasury
1 year, 2 months ago

New North Sea oil field Rosebank to deliver billions for the Treasury

The Telegraph  

However, the project’s approval sparked an immediate backlash from climate campaigners who argue new oil projects are incompatible with Britain’s climate goals. Speaking on Radio 4’s PM programme, the former environment minister said of Rosebank: “It just trashes the UK’s reputation as a reliable, grown up member of the global community, it’s done us immeasurable harm.” At its peak, the …

Explained | Drilling in the North Sea — history and environmental concerns
1 year, 4 months ago

Explained | Drilling in the North Sea — history and environmental concerns

The Hindu  

The story so far: U.K. Prime Minister Rishi Sunak recently backed plans for new fossil fuel drilling off Britain’s coast, worrying environment experts even as the world continues its stride towards irreversible climate change. The North Sea Transition Authority, responsible for regulating oil, gas and carbon storage industries, is currently running its 33rd offshore oil and gas licensing round. The …

Rishi Sunak Announces Hundreds of New Oil, Gas Licences to Boost UK Energy Security
1 year, 4 months ago

Rishi Sunak Announces Hundreds of New Oil, Gas Licences to Boost UK Energy Security

News 18  

The UK government said Monday it would issue “hundreds” of new oil and gas licences in the North Sea to secure energy reserves while still aiming for net zero carbon emissions by 2050. “Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence,” Prime Minister Rishi Sunak’s office said in …

New oil field 'in doubt' over Labour's proposed ban, industry sources warn
1 year, 6 months ago

New oil field 'in doubt' over Labour's proposed ban, industry sources warn

The Telegraph  

A major oil-drilling project in the North Sea worth up to £24 billion to the economy could be abandoned after Labour announced it would halt all new drilling licences if it wins the next election, industry sources claim. Sir Keir Starmer’s plan to end new fossil fuel projects “represents a real danger to the energy security of the UK today” …

‘Misguided’ North Sea oil and gas dash risks impacting offshore wind targets
2 years ago

‘Misguided’ North Sea oil and gas dash risks impacting offshore wind targets

The Independent  

The Conservative government’s renewed support for oil and gas extraction in the North Sea may come at the expense of the UK’s offshore wind industry, further hampering any chance of the country reaching its 2050 net zero emissions targets. "The potential crowding out of offshore wind developers for people and assets risks delaying projects, and could hamper the UK’s ability …

Biggest North Sea producer refuses to drill new oil wells because of windfall tax
2 years ago

Biggest North Sea producer refuses to drill new oil wells because of windfall tax

The Telegraph  

Britain’s largest North Sea oil producer is refusing to bid for new UK oil and gas wells and reviewing its investments in response to the Government’s tax raid on the sector. Harbour Energy said it had decided not to bid for new blocks in the ongoing North Sea licensing round, the first since 2019, after the Government imposed a windfall …

Scottish and UK governments urged to give ‘full support’ to oil and gas industry
2 years, 6 months ago

Scottish and UK governments urged to give ‘full support’ to oil and gas industry

The Independent  

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. Read our privacy policy A group of former government …

I worked at Shell for 33 years – the government is wrong on North Sea oil
2 years, 6 months ago

I worked at Shell for 33 years – the government is wrong on North Sea oil

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. I recently read a letter from the business and energy secretary, Kwasi Kwarteng, in which he tries to justify …

Unshackle drillers and let North Sea oil and gas flow, ministers told
2 years, 8 months ago

Unshackle drillers and let North Sea oil and gas flow, ministers told

The Telegraph  

While the symptoms of the current energy squeeze are a result of current market conditions, the cause can be traced back to a failure over decades of energy policy by successive governments that have resulted in historic under-investment in infrastructure, including in sufficient gas storage facilities. This is why North Sea energy companies have proposed to Government a 10 Point …

Government to ramp up North Sea oil and gas production ‘to maximum extent,’ says Treasury secretary
2 years, 9 months ago

Government to ramp up North Sea oil and gas production ‘to maximum extent,’ says Treasury secretary

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The government is planning to allow drilling for North Sea oil and gas “to the …

The UK government cannot invest into North Sea oil while claiming global climate leadership
2 years, 9 months ago

The UK government cannot invest into North Sea oil while claiming global climate leadership

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Coal and other fossil fuels are choking humanity.” And what was the response from the UK government, currently president …

Britain to import 70pc of gas as North Sea reserves run dry
2 years, 10 months ago

Britain to import 70pc of gas as North Sea reserves run dry

The Telegraph  

The UK will be forced to import almost three-quarters of its gas by 2030 as North Sea reserves are depleted, according to analysis of official forecasts. Shell’s decision to pull out of the Cambo oilfield in December was seen as a turning point, signalling the “death-knell” for North Sea exploration. Six projects in the region were approved last year with …

Rethink net zero plans, Cabinet urges, as country faces biggest cost-of-living crisis in a generation
2 years, 10 months ago

Rethink net zero plans, Cabinet urges, as country faces biggest cost-of-living crisis in a generation

The Telegraph  

The Bank of England also raised interest rates to 0.5 per cent, warning that inflation would hit seven per cent by April amid growing fears over a cost of living crisis. Cabinet ministers are increasingly uneasy about Downing Street’s focus on its net zero target and have warned that the cost of living crisis should be given more priority in …

Big Oil wants to keep drilling in the North Sea. The backlash is growing
3 years, 4 months ago

Big Oil wants to keep drilling in the North Sea. The backlash is growing

CNN  

London CNN Business — The UK government has been warned to stop a massive North Sea oil project or see its hopes of becoming a climate leader dashed as the country prepares to host a crucial environmental summit later this year. The activist group takes particular issue with the government’s announcement that it will require new “climate compatibility checkpoints” on …

UK government to face legal challenge over support for oil and gas in North Sea
3 years, 4 months ago

UK government to face legal challenge over support for oil and gas in North Sea

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is to face a legal challenge over its continued support for fossil fuel …

Climate activists launch legal challenge against government over North Sea oil and gas support
3 years, 7 months ago

Climate activists launch legal challenge against government over North Sea oil and gas support

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The campaigners will argue that OGA’s strategy to “maximise economic recovery” of oil and gas is “irrational” given the …

Can we defund fossil fuel companies and also protect jobs?
3 years, 7 months ago

Can we defund fossil fuel companies and also protect jobs?

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s estimated that more than 250,000 UK jobs – including those in the wider supply chain and associated sectors …

Government refuses to rule out new oil and gas licences in North Sea deal
3 years, 9 months ago

Government refuses to rule out new oil and gas licences in North Sea deal

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, it refused to rule out the possibility of new oil and gas licences and instead announced the introduction …

Beginning of end for North Sea as ministers consider exploration ban
3 years, 9 months ago

Beginning of end for North Sea as ministers consider exploration ban

The Telegraph  

Ministers are considering declaring the beginning of the end for the North Sea oil industry with a ban on new exploration licences. The radical move is on the table as part of a decisive shift away from fossil fuels and as part of preparations for the crucial climate summit the Government is due to host in Glasgow in the autumn. …

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