UK crude oil production is projected to average 0.53 million barrels per day in 2025 in the NSTA's updated output forecasts.

The NSTA reported that capex reached £5.95bn ($7.7bn) last year, significantly surpassing an earlier projection ...

UK crude oil production is projected to average 0.53 million barrels per day in 2025 in the NSTA's updated output forecasts. The North Sea Transition Authority (NSTA) expects UK crude oil ...

Despite predictions of decline, the UK's North Sea oil and gas sector has seen a surge in investment, exceeding forecasts and ...

North Sea oil and gas firm Ithaca Energy forecast higher 2025 production on Wednesday, encouraged by its acquisition of the ...

and in August 2024 the government confirmed that it referred to new “oil and gas” licences specifically. There are two types of licence—exploration and production. The wording of the pledge refers to ...

NGO Oceana UK is challenging the UK Government in the High Court this week, arguing that legal requirements on marine ...

The UK Government has announced plans to end the windfall tax on oil and gas profits in 2030, as it launches a consultation on the future of the North Sea energy sector.

North Sea Transition Authority awarded 31 licences as part of the 33rd round in May last year, with over two thirds falling ...