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The Independent UK
The Independent UK
National
Dave Clark

Equinor questions future of UK oil investment if North Sea drilling not approved

Equinor North Sea Oil United Kingdom
  • Equinor chief executive Anders Opedal has warned that future UK investment could be redirected to alternative markets if the government refuses to sanction new North Sea oil and gas projects.
  • The Norwegian state energy firm is awaiting key decisions on the approval of the Jackdaw gas field off Aberdeen and the Rosebank oil field near Shetland .
  • Despite Labour 's manifesto promise to ban new North Sea drilling, prime minister Andy Burnham has indicated a pragmatic approach towards the pending rulings.
  • Almost 600 climate scientists, health professionals, and conservationists have urged the government to reject the licences to prevent breaching climate commitments.
  • Energy secretary Miatta Fahnbulleh is set to decide on the future of the Rosebank and Jackdaw developments in the coming months.

IN FULL

Oil giant threatens to stop UK investment if North Sea drilling is denied

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