News

Future of UK North Sea at risk in upcoming election [Gas in Transition]

Natural Gas World - Latest News · last updated

Future of UK North Sea at risk in upcoming election

-
Natural Gas News
Future of UK North Sea at risk in upcoming election [Gas in Transition]

Summary

Whoever is in power after the next election, policy uncertainty is a long-term problem for the UK North Sea oil and gas industry. by: NGW

Policy affecting the future of the North Sea oil and gas industry is set to be a critical talking point in the runup to the country’s next general election. The ruling Conservatve party are pushing forward a bill that would make annual licensing rounds mandatory, in a bid to spur increased exploration. Meanwhile the opposition Labour party, currently enjoying a sizeable lead in the polls, has said it wants to stop issuing new licences altogether, arguing that developing more resources beyond the current reserve basis is out of step with net-zero ambitions. In any case, what both parties currently agree on is maintaining a current windfall tax on excess oil and gas profits...

View full article

Related Knowledge Center: Climate migration

State of Play

The increasing need to relocate populations and facilities as a result of climate change.

More information

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up