UK government grants 27 new oil and gas licences in the North Sea
The UK government has announced a new round of oil and gas exploration licences in the North Sea, sparking criticism from environmentalists and questions over energy security. What are the new licences and why are they controversial? The UK government has offered 27 new licences for oil and gas exploration in the North Sea, covering 113 blocks or part-blocks. The licences are part of the 33rd round of offshore licensing, which opened in October 2022 and received 115 applications from 76 companies. The government said the new licences will help reduce the UK’s reliance on foreign imports and support the…
