Recent news articles have highlighted various developments in the North Sea region, including the UK government awarding new exploration licenses to companies, controversies surrounding oil and gas extraction legislation, and incidents such as a cargo ship sinking and a cruise ship losing power. Additionally, discussions have taken place regarding energy policies, taxation mechanisms for oil and gas companies, and the development of oilfields like Rosebank.
The North Sea is a marginal sea of the Atlantic Ocean located between Great Britain, Denmark, Norway, Germany, the Netherlands, Belgium, and France. It is known for its significant oil and gas reserves, making it a crucial region for energy production in Europe. The North Sea has been a focal point for offshore drilling and exploration activities for decades, contributing to the economies of the countries bordering it. However, the region has also faced environmental concerns and debates over the transition to cleaner energy sources in line with global climate goals.
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Unite launches bid to persuade Keir Starmer to invest more in north-east Scotland
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Underwater infrastructure vulnerable to Russian threats, says V Adm Didier Maleterre, after suspected sabotage of gas pipelines
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At a roundtable, policymakers and experts discussed how a Labour government might deliver on its net-zero agenda.
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Activists unfurled banners at Lerwick Harbour in Shetland
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Labour's proposal to increase the energy profits levy and extend the windfall tax has drawn criticism from industry leaders and politicians, with warnings of job losses and energy shortages.
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UK awards 24 new exploration licences to 13 companies in North Sea
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Former Cop26 president and Northern Mayors criticise the UK government's Offshore Petroleum Licensing Bill, which aims to encourage more oil and gas extraction in the North Sea.
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A Norwegian cruise ship, MS Maud, lost power and navigational equipment after being hit by a rogue wave in the North Sea, leaving passengers stranded and worried about returning home for Christmas.
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The UK government is planning to introduce a new mechanism to tax oil and gas companies in the event of future energy price shocks post-2028.
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Labour leader Keir Starmer pledges to make Britain a clean energy superpower, supporting clean energy industries in the North Sea
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The UK government plans to introduce legislation to grant new North Sea oil and gas licences annually, with differing opinions on its impact on energy bills and environmental efforts.
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Why Rishi Sunak signalled changes in the king’s speech – and whether it will result in lower bills
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Rishi Sunak's government is set to announce pro-car policies and measures to advance North Sea oil and gas exploration in the upcoming king's speech.
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A British cargo ship sank after colliding with a larger vessel in the North Sea, resulting in one death and four missing crew members.
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The UK government has given the go-ahead for the development of the Rosebank oilfield, sparking debate over its impact on the energy transition and climate change.
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The UK's North Sea Transition Authority has given the green light for the development of the Rosebank oil and gas field, which is estimated to contain up to 350 million barrels of oil.
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The North Sea Transition Authority has approved the development of the Rosebank oilfield off Shetland, allowing Equinor and Ithaca Energy to proceed with the $3.8 billion project.
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Scottish Labour leader Anas Sarwar promises 'no cliff edge' for oil and gas, seeking to reassure the industry amid concerns over Labour's exploration licence policy.
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Harbour Energy swings to an after-tax loss of $8 million, attributing it to the UK's energy profit levy and a fall in energy prices.
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Scotland's public spending deficit fell to
£19.1bn last year, largely due to record oil and gas revenues.