An offshore energy trade body has welcomed the announcement of 27 new oil and gas licences as a “boost for UK energy security” but Scotland’s First Minister has said it is the “wrong move”.Announcing the licences, the North Sea Transition A.
The UK's Oil and Gas Authority has received 115 applications for the 33rd licensing round, highlighting the demand for energy security. Despite concerns from green groups, Prime Minister Rishi Sunak confirmed this season's round, emphasizing the potential for quick production in awarded areas. The government's focus on domestic production for energy security has faced criticism, with experts suggesting that energy efficiency and electrification of heat are more effective in reducing reliance on volatile gas prices.