Electrification of Rosebank field will be more ‘challenging’ under new government’s fiscal regime, says oil and gas chief
Europe’s largest oil and gas supplier has said its plan to electrify extraction operations at the Rosebank oil and gasfield in the North Sea will be more “challenging” under UK Labour’s tax proposals. Anders Opedal, chief executive of Equinor, which owns an 80 per cent stake in Rosebank, insisted the company was not considering changing its “ambition” to power operations with renewable electricity, which it expects to reduce emissions by more than 70 per cent.
But the development plans have faced opposition from environmental groups, with Uplift and Greenpeace late last year launching separate judicial reviews to challenge the North Sea Transition Authority’s decision to approve the project. Equinor, which is partnered in the project by Ithaca Energy, has defended Rosebank as being crucial to ensuring the UK’s energy security, while pointing to its “long-term” ambition to fully electrify extraction operations.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK's North Sea Oil Ban Who Benefits, and at What CostBanning new drilling licenses in the North Sea may not be the most effective way to combat climate change and could have unintended economic and environmental consequences.
Read more »
North Sea operators 'must take action' on oil and gas decommissioningOIL and gas operators in the North Sea have been warned by industry regulators that they must “step up” on well decommissioning to support the…
Read more »
No, Ed Miliband Has Not Banned Drilling For Oil In The North SeaKevin Schofield is Politics Editor of HuffPost UK.
Read more »
UK Government Denies Claims Ed Miliband Has Banned New North Sea Oil LicencesThe Department for Energy Security and Net Zero has denied reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences, calling them 'a complete fabrication'.
Read more »
POLL: Should Labour bring in new North Sea drilling ban?THE UK Government has denied reports of an immediate ban on new drilling in the North Sea ...
Read more »
Labour orders 'immediate ban' on new North Sea oil drillingEnergy Secretary Ed Miliband has told reportedly regulators not to approve a new round of drilling which was expected in the coming weeks.
Read more »