UK Oil and Gas Has 'Long-Term Future' if Government Backs Industry

Ed Miliband's Net Zero blitz driving investment of 'Britain's greatest industrial asset' abroad

The North Sea is one of Britain's “greatest industrial assets” — but an increasingly polarised fight over its future is driving investment abroad, experts have warned. It means the sector is suffering a brain drain of expertise, even though the very same skills are needed to drive the renewables market, as Labour pledges to ban any new licences for oil and gas drilling to alleviate "the worsening climate crisis”.Research revealed more than nine …

Oil and gas has long-term future if UK Government backs industry, report says

The decline of the North Sea is being accelerated unnecessarily, the Aberdeen and Grampian Chamber of Commerce said.

UK oil and gas has 'long-term future' if government backs industry

Report says businesses have repeatedly warned that investment is going abroad

There is a positive role for North Sea oil in clean energy Britain

The UK risks accelerating the decline of the North Sea before replacement industries are ready to take its place, Aberdeen & Grampian Chamber of Commerce has warned. Its latest Energy Transition report says 93% of businesses believe there is still a future for oil and gas activity in the basin if the UK creates the right fiscal and regulatory conditions. The findings challenge the political narrative that the North Sea’s future is already settle…