Category: Oil

Cabinet split emerges over controversial Rosebank oilfield decision

Chancellor is in favour the North Sea project, but energy secretary has said she is leaning towards rejecting itA cabinet split has emerged over whether to approve drilling at the Rosebank oilfield, with the chancellor, John...

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Andy Burnham vows UK will hit net zero target despite Jackdaw gasfield approval

Prime minister pledges his government’s commitment to address climate crisis saying ‘our determination is unwavering’We will make the net-zero transition work for Britain – approving the Jackdaw gasfield is part of the plan |...

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What does the approval of the Jackdaw gasfield mean?

The Labour government’s decision has implications for household energy bills, the UK economy and the climate crisisAbout four years and six energy secretaries after it won the green light, the Jackdaw gasfield has been given...

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North Sea strikes could severely disrupt UK fuel supplies, union warns

More than ⁠160 ​offshore rig workers plan walkout amid rising tensions between unions and oil companies North Sea workers are preparing to strike at oil rigs across the ageing basin over the coming weeks in a sign of growing...

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‘Just worry upon worry’: Europe faces a bleak winter as supply shock pushes factories to the brink

From Shropshire to Hamburg, depleting reserves and spiralling costs are spawning a continent-wide energy crisisBridgnorth Aluminium has faced down Brexit, Covid and repeated energy shocks in recent years. But this winter is...

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Jackdaw gasfield set to be approved by ministers this month, sources say

Energy secretary could recommend new North Sea drilling as soon as next week, with Rosebank oilfield likely to followUK politics live – latest updatesBusiness live – latest updatesMinisters are poised to approve a controversial...

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