Drill, Maybe, Drill: Why North Sea Oil and Gas Will Not Meet UK Energy Needs

Drill, maybe, drill: Why North Sea oil and gas will not meet UK energy needs

Tory leader Kemi Badenoch wants to maximise North Sea extraction but reserves are in decline and will not cut the cost of the energy transition.

Drill, maybe, drill: Why North Sea oil and gas will not meet UK energy

Kemi Badenoch’s promise to “maximise” oil and gas extraction has put clear North Sea water between her party and the government. Given the scant reserves that remain beneath the UK continental shelf however, the plan may be literally scraping the barrel. In the first concrete policy consequence of Ms Badenoch’s declaration that net zero (a policy introduced by her predecessor Theresa May) is “impossible”, she says the current ban on new oil and …

Badenoch Declares War on Labour’s Oil Licence Ban, Calls North Sea Britain’s “Vital Asset” - Newsmakers

Segun Atanda/ Leader of the Conservative Party, Kemi Badenoch, has pledged a sweeping overhaul of Britain’s energy policy, promising to “end Labour’s ban on new oil and gas licences” and put the North Sea back at the centre of UK prosperity. Speaking ahead of her address at the Offshore Europe conference in Aberdeen today, Badenoch […] The post Badenoch Declares War on Labour’s Oil Licence Ban, Calls North Sea Britain’s “Vital Asset” appeared fi…

Conservative Party plans to continue extracting oil and gas from North Sea

The Conservatives will shortly announce plans to reverse the Labour government’s pledge to ban North Sea exploratory licences, by supporting maximum oil and gas extraction from the region. The post Conservative Party plans to continue extracting oil and gas from North Sea appeared first on New Civil Engineer.