A NEW licensing round for oil and gas exploration will boost both the UK’s economy and energy security, Business and Energy Secretary Jacob Rees-Mogg has insisted.
The UK Government Minister spoke out as the North Sea Transition Authority (NSTA) began the 33rd round of offshore licences.
Licences are being made available for sectors of the North Sea – known as blocks – with the NSTA estimating that more than100 may be granted.
