UK must back North Sea oil and gas drilling, says trade body

UK must back North Sea oil and gas drilling, says trade body

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UK must back North Sea oil and gas drilling, says trade body
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The offshore energy industry in the UK is urging the government to support domestic oil and gas production to reduce reliance on imports amid rising global instability. Offshore Energies UK (OEUK) warns that without increased domestic production, the UK risks vulnerability to price shocks due to declining local output. The Labour government has banned new oil and gas licenses, but OEUK argues that oil and gas will remain critical to the UK's energy needs. They are calling for a review of the ban and the scrapping of the Energy Profits Levy to encourage investment in the sector.

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Negatív kontextus
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Központi kifejezések
domestic, exploration, investment