he National Energy System Operator (NESO) flagged the EGL1 as essential to the UK’s 20030 clean energy goals, as it will transport electricity generated from North Sea wind farms from East Lothian to Country Durham.
Plans to shut down a vital terminal in the North Sea have sparked a bitter legal row over claims it will damage the UK’s oil and gas production.
In a release sent to Rigzone recently, industry body Offshore Energies UK (OEUK) announced that it has released data “which models the impact of the government’s announced stronger Energy Profits Levy (EPL) on the UK economy”.
The UK Department for Energy Security and Net Zero has confirmed its stance on oil and gas licensing in response to questioning from Rigzone.
North Sea-focused independent E&P company Waldorf Production has inked a deal to buy the entire share capital of Alpha Petroleum, an upstream oil and gas company focusing on the UK North Sea, from Shorelight Partners.