The North Sea Transition Authority (“NSTA”) has announced that Britain’s first oil and gas exploration licensing round since 2019 attracted 115 bids from 76 companies.
Ministers are weighing up a new gasfield but is more UK fossil fuel production necessary or desirable given its climate commitments?
Equinor has again made an oil and gas discovery near the Troll field in the North Sea. This is Equinor’s eighth discovery in the area since 2019.