Tag: North Sea oil and gas

UK bans new North Sea oil and gas projects, targets 20M-tonne production by 2040 29 Nov
By: Orlando Beaumont
0

UK bans new North Sea oil and gas projects, targets 20M-tonne production by 2040

The UK government has banned new oil and gas exploration in the North Sea, allowing only extensions to existing fields, as part of its net zero strategy—with production forecast to fall below 20 million tonnes by 2040.

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