Banning North Sea oil extraction will not significantly reduce global fossil fuel consumption, as demand will be met by increased production elsewhere. The ban could lead to job losses in the UK, ...

An environmentalist group called Oceana has filed a lawsuit to prevent oil and gas exploration under 31 North Sea licenses, claiming the UK government ignored expert advice. Earlier this year, a ...

Conservative leader Kemi Badenoch has said her party will remove all net zero requirements on oil and gas companies drilling in the North Sea if elected. Badenoch is to formally announce the plan to ...

Rachel Reeves is considering scrapping the windfall tax on North Sea oil and gas companies in a dash for growth. The ...

When you think about offshore oil rigs, what comes to mind is what you may have seen in movies — skeletal towers in the middle of a vast sea, some flares cutting through the darkness, and a crew that ...

LONDON, June 19 (Reuters) - Britain has issued tougher new environmental rules for fossil fuel projects with implications for the development of two vast North Sea oil and gas fields by Shell (SHEL.L) ...

Ed Miliband is on a “messianic drive” to pull the plug on North Sea oil and gas extraction, the shadow Scotland secretary has warned as he backed his party’s pledge to abolish the Climate Change Act.

LONDON, Jan 30 (Reuters) - Britain's approvals for two vast North Sea oil and gas fields were overturned by a Scottish court on Thursday, a significant win for environmental campaigners that leaves ...