The UK will allow new oil and gas production only from existing or nearby North Sea fields while extending the windfall tax to 2030, deepening industry concerns over investment and long-term supply.

No more hunting for fossil fuels we can't afford to burn. Britain has banned new North Sea exploration licences, becoming the ...

OIL AND GAS drilling will continue in the North Sea under a new plan announced in the UK government’s budget, though the ...

The move is likely to be welcomed by the oil and gas industry. But the sector’s biggest ask has been for the Chancellor to ...

The chancellor will unveil the North Sea Strategy in her Budget speech, the BBC understands.

The UK government will allow oil and gas drillers to develop new fields next to existing ones, in a move ministers argued was ...

The UK Government will allow new North Sea oil and gas licences tied to existing fields, while maintaining windfall taxes.

By Shadia Nasralla, Muvija M and Stephanie Kelly LONDON (Reuters) -Britain will allow some new oil and gas production on or ...

A London judge has knocked back a lawsuit aimed at stopping 28 offshore oil and gas exploration licences, giving the ...

UK Government to allow oil and gas extraction near existing North Sea fields - Energy Secretary Ed Miliband said it is a ...