Equinor ASA said Friday it has made yet another oil and natural gas discovery in the northern part of the North Sea, building on efforts to maintain strong production for Europe in the years ahead as the continent continues to wean itself off Russian supplies. The new discovery in the company’s Troll/Fram area comes in…
North Sea
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UK Looking to Issue North Sea Oil, Natural Gas Licenses This Fall
Hundreds of North Sea oil and gas licenses are set to be granted in the UK within months to reduce reliance on oil and natural gas imports to strengthen the country’s energy independence. UK Prime Minister Rishi Sunak reaffirmed the UK’s commitment to oil and gas, saying late last month that “even when we’ve reached…
August 14, 2023