UK risks being 'uninvestable' if new oil and gas fields not approved, warns oil giant
- Equinor CEO Anders Opedal warned that rejecting Rosebank and Jackdaw could be a “major setback” for Equinor’s UK North Sea joint venture with Shell.
- Opedal said rejecting Rosebank would conflict with Britain’s energy-security and employment goals and could make investors question whether the UK remains investable.
- Greenpeace and Uplift successfully challenged the projects’ original approvals, requiring new applications after courts examined their downstream emissions.
- Jackdaw could begin production this winter if approved, while Rosebank could produce its first oil in the first half of 2027.
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GB News
PressNewsAgencyInvestors will not touch Britain if Rosebank is not approved, Norwegian energy giant warns
Britain risks being viewed as un-investable if it refuses to approve a controversial oil field, the head of a Norwegian energy giant has warned. Anders Opedal, CEO of Norwegian oil firm, Equinor, said a refusal on the North Atlantic's Rosebank would be a "major setback" and against the interests of Britain's energy security.Rosebank is Britain's largest untapped oil field. But work there, and also at Jackdaw, a giant North Sea gas field, has bee…
Equinor CEO says rejection of Rosebank, Jackdaw projects would be 'major setback' (EQNR:NYSE)
Failure to secure approval for the Rosebank and Jackdaw projects by the UK government would be a "major setback" for Equinor's North Sea joint venture with Shell, CEO Anders Opedal said.
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Equinor Warns UK North Sea Project Rejections Could Hurt Investment Appeal
Equinor CEO Anders Opedal said rejecting the Rosebank and Jackdaw projects would be a major setback for the company's North Sea joint venture with Shell. ... The post Equinor Warns UK North Sea Project Rejections Could Hurt Investment Appeal first appeared on [your]NEWS.
The UK could become less attractive for investment if the authorities say no to the Rosebank and Jackdaw oil and gas fields, warns Equinor CEO Anders Opedal.
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