
In the News
@itn

The UK government is expected to relax restrictions on new North Sea oil and gas drilling through its upcoming North Sea Strategy
The plan will allow more generous extensions of existing fields via "tiebacks," enabling new production linked to current infrastructure.
This move aims to protect jobs and boost energy security as the industry faces record-low investment and rising job losses, with an estimated 1,000 jobs vanishing each month.
However, critics argue it could delay climate targets.
Industry leaders also want changes to the windfall tax, warning that without tax reform, investment and employment will continue to decline despite expanded drilling opportunities.
Sign in to save your activity and join forum discussions.
Sign in