Greenpeace has raised concern that the Government has already decided to grant approvals to the Rosebank oilfield after courts deemed the UK government’s approval of the project was unlawful.
UK Chancellor Rachel Reeves has indicated the Jackdaw and Rosebank oil and gas developments in the North Sea will go ahead despite a court ruling invalidating their approval.
UK offshore energy investors are consolidating their assets as the government remains vague on necessary investment criteria - but it could also mean the return of 'dirty word' Cambo.
Oil and gas supermajors' swan legs are kicking frantically below the surface as they attempt to navigate the energy transition. In the first of a two-part series, we examine Equinor's approach.
UK Prime Minister Sir Keir Starmer has indicated he will not block the Rosebank oil field from going ahead after a court ruled its approval "unlawful".
Equinor’s dramatic renewable cuts and increased focus on oil and gas mirrors moves across the energy sector. The Norwegian major is prioritising shareholder returns over energy transition spending.
ByMark Wilson, Offshore Energies UK director of HSE and operations
Edinburgh’s court of session decision this week will allow continuing development of North Sea oil and gas fields pending supplementary environmental impact assessments of downstream emissions.
North Sea operators are able to press ahead with the development of two major oil and gas fields, despite environmental campaigners claiming a "historic win" in a landmark court ruling.
A Dutch court has overturned a landmark ruling against Shell that would have forced the oil company to reduce emissions produced by its petrol customers.
The UK government will not challenge judicial reviews brought against development consent for the Jackdaw and Rosebank offshore oil and gas fields in the North Sea.
Ithaca Energy (LON: ITH) has hailed "robust" cash flow but has warned about the "ongoing impact" of the UK government's oil and gas fiscal policies and the "long-term damage" they will cause.
Climate law experts say the Supreme Court's decision will likely "undermine investor confidence" in the North Sea and boost legal challenges to the Jackdaw and Rosebank developments.