UK allows new oil, gas drilling in existing North Sea fields / Photo: ANDY BUCHANAN - AFP/File
-
All lights are go for Jalibert, says France's Dupont
-
Artist rubs out Meloni church fresco after controversy
-
Palestinians in Egypt torn on return to a Gaza with 'no future'
-
US removing 700 immigration officers from Minnesota
-
Who is behind the killing of late ruler Gaddafi's son, and why now?
-
Coach Thioune tasked with saving battling Bremen
-
Russia vows to act 'responsibly' once nuclear pact with US ends
-
Son of Norway's crown princess admits excesses but denies rape
-
Vowles dismisses Williams 2026 title hopes as 'not realistic'
-
'Dinosaur' Glenn chasing skating gold in first Olympics
-
Gaza health officials say strikes kill 23 after Israel says shots wounded officer
-
Italy foils Russian cyberattacks targeting Olympics
-
Figure skating favourite Malinin feeling 'the pressure' in Milan
-
Netflix film probes conviction of UK baby killer nurse
-
Timber hopes League Cup can be catalyst for Arsenal success
-
China calls EU 'discriminatory' over probe into energy giant Goldwind
-
Sales warning slams Ozempic maker Novo Nordisk's stock
-
Can Vonn defy ACL rupture to win Olympic medal?
-
Breakthrough or prelude to attack? What we know about Iran-US talks
-
German far-right MP detained over alleged Belarus sanctions breach
-
MSF says its hospital in South Sudan hit by government air strike
-
Merz heads to Gulf as Germany looks to diversify trade ties
-
Selection process for future Olympic hosts set for reform
-
Serbian minister on trial over Trump-linked hotel plan
-
UK PM says Mandelson 'lied', regrets appointing him US envoy
-
Cochran-Siegle tops first Olympic downhill training
-
Gaza health officials say strikes kill 21 after Israel says shots wounded officer
-
Injured Vonn's Olympic bid is 'inspirational', ski stars say
-
Albania arrests 20 for toxic waste trafficking
-
US-Africa trade deal renewal only 'temporary breather'
-
Mir sets pace on Sepang day two, Yamaha absent
-
Xi, Putin hail 'stabilising' China-Russia alliance
-
GSK boosted by specialty drugs, end to Zantac fallout
-
UK's ex-prince leaves Windsor home amid Epstein storm: reports
-
Sky is the limit for Ireland fly-half Prendergast, says captain Doris
-
Feyi-Waboso reminds England great Robinson of himself
-
Starmer faces MPs as pressure grows over Mandelson scandal
-
HRW urges pushback against 'aggressive superpowers'
-
Russia demands Ukraine give in as UAE talks open
-
Gaza civil defence says 17 killed in strikes after Israel says shots wounded officer
-
France's Kante joins Fenerbahce after Erdogan 'support'
-
CK Hutchison launches arbitration over Panama Canal port ruling
-
Stocks mostly rise as traders ignore AI-fuelled sell-off on Wall St
-
Acclaimed Iraqi film explores Saddam Hussein's absurd birthday rituals
-
On rare earth supply, Trump for once seeks allies
-
Ukrainian chasing sumo greatness after meteoric rise
-
Draper to make long-awaited return in Davis Cup qualifier
-
Can Ilia Malinin fulfil his promise at the Winter Olympics?
-
CK Hutchison begins arbitration against Panama over annulled canal contract
-
UNESCO recognition inspires hope in Afghan artist's city
NYSE - LSE
| SCS | 0.12% | 16.14 | $ | |
| CMSC | -0.55% | 23.53 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| BCC | 4.46% | 88.895 | $ | |
| NGG | 1.49% | 87.53 | $ | |
| JRI | 0.36% | 13.167 | $ | |
| AZN | 2.06% | 188.19 | $ | |
| CMSD | -0.34% | 23.86 | $ | |
| GSK | 6.17% | 56.845 | $ | |
| RIO | -0.9% | 95.515 | $ | |
| BCE | 1.02% | 26.37 | $ | |
| RYCEF | -1.19% | 16.8 | $ | |
| BTI | -0.59% | 61.51 | $ | |
| RELX | -1.8% | 29.97 | $ | |
| BP | 0.63% | 39.065 | $ | |
| VOD | 2.18% | 15.59 | $ |
UK allows new oil, gas drilling in existing North Sea fields
Britain's government signalled Wednesday it could issue permits for oil and gas extraction around existing North Sea fields, despite a promise to halt licences for new production in the area.
Under its energy transition plans, "the government will introduce new Transitional Energy Certificates which will enable limited oil and gas production on or near to existing fields," the government said in a statement.
However, the existing "ban on new licences will end new exploration for offshore oil and gas fields", it added, reiterating a key campaign promise aimed at curbing deadly climate change.
With abundant onshore and offshore wind power, Britain is among Europe's leaders in renewable energy but still relies on natural gas for more than a third of its energy mix.
The announcement comes as part of a plan to develop renewable energy in the North Sea and preserve jobs in the region.
The government said it aims to "manage existing oil and gas fields for their lifespan and not to issue new licences to explore new fields".
US President Donald Trump, a critic of renewables and advocate of reviving oil exploitation, has repeatedly urged Britain to drill more North Sea oil and gas.
T.Resende--PC