UK to issue slew of new oil, gas licences in North Sea | The Malaysian Insight

UK Prime Minister Rishi Sunak’s office says increased investment to secure energy resources in the North Sea will be facilitated in tandem with net-zero carbon efforts. – EPA pic, July 31, 2023.

THE United Kingdom government said today it will issue hundreds of new oil and gas licences in the North Sea to secure energy reserves while still aiming for net-zero carbon emissions by 2050. “Investment in the North Sea will continue to unlock new projects, protect jobs, reduce emissions and boost UK energy independence,” Prime Minister Rishi Sunak’s office said in a statement.

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