09 Jun 2026
Photo by Ben Wicks A possible exit BP has held advanced discussions with Ithaca Energy over the potential sale of its UK North Sea assets in a deal that could be worth close to £2 billion, the Financial Times first reported this week. Although the talks have stalled in recent weeks, BP is understood to remain open […]
31 Mar 2026
Photo by Galen Crout Conservative leader Kemi Badenoch has launched a “Get Britain Drilling” campaign, calling on the government to lift its moratorium on new North Sea oil and gas licences as rising global energy prices – triggered by Iran’s blockade of the Strait of Hormuz – intensify the political debate over domestic fossil […]
02 Dec 2025
Photo by Kilian Murphy The UK Government published its North Sea Future Plan on 26 November 2025, confirming an end to new exploration licences whilst introducing Transitional Energy Certificates allowing limited drilling adjacent to existing fields. The plan implements government manifesto commitments to manage existing fields for their lifespan and not issue new licences to explore new fields. […]