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North Sea oil: Rees-Mogg says new oil and gas licensing will boost energy security

Almost 900 blocks up for grabs as 33rd licensing round kicks off

North Sea Transition Authority could grant more than 100 oil drilling licenses

A NEW licensing round for oil and gas exploration will boost both the UK’s economy and energy security, Business and Energy Secretary Jacob…

Britain launches oil, gas licensing round to boost domestic supply

LONDON: Britain launched its first oil and gas exploration licensing round since 2019 on Friday to try and boost domestic hydrocarbon output as Europe weans itself off Russian fuel, according to Reuters. The British North Sea, home to the global Brent benchmark grade, is an aging basin where oil and gas production has fallen from a 1999 peak of around 4.4 million barrels of

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