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UK to announce dozens of new North Sea oil and gas licences -sources

Reuters · Ron Bousso · last updated

LONDON, Sept 7 (Reuters) — The British government is expected to announce dozens of new North Sea oil and gas exploration licences in an effort to boost domestic production, two sources familiar with the government’s discussions said.

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The Biden administration is proposing additional leasing for offshore oil and gas drilling, largely limiting the plan to the Gulf of Mexico.

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