UK Finance Minister: North Sea Oil and Gas Should Play Part in Energy Transition

UK Chancellor of the Exchequer Rishi Sunak - Credit: UK Government
UK Chancellor of the Exchequer Rishi Sunak - Credit: UK Government

The British government believes the North Sea oil and gas industry should play a role in the country's transition to net zero, finance minister Rishi Sunak said on Thursday.

"We believe in the future of the North Sea, we believe in the oil and gas industry, we believe in those 200,000 jobs that it supports and we want to make sure it plays an important part our of our transition to net zero," Sunak told parliament. 

(Reporting by William James and Kate Holton, Writing by Kylie MacLellan; Editing by Alistair Smout)


Current News

Cadeler’s WTIV Newbuild Arrives to Rotterdam Ahead of Maiden Job

Cadeler’s WTIV Newbuild Arrive

LR and SHI Join Forces for Green Ammonia FPSO System

LR and SHI Join Forces for Gre

BP, Equinor, Shell and TotalEnergies Pledge $500M to Boost Energy Access

BP, Equinor, Shell and TotalEn

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Seatrium Delivers Fifth Jack-U

Subscribe for OE Digital E‑News

Offshore Engineer Magazine