Billions at stake in court battle over North Sea oil - BBC

2 days ago · Counsel for Equinor said it was investing £2.2bn in Rosebank, providing employment for 4,000 people. Shell's lawyer said it was investing £1.1bn in the Jackdaw gas field in the North Sea ...

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Billions At Stake In Court Battle Over North Sea Oil - BBC

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FAQs about Billions at stake in court battle over North Sea oil - BBC Coupon?

Will a Scottish Court uphold UK approval for North Sea oil & gas?

Shell and Equinor on Tuesday urged a Scottish court to uphold Britain's approval for the development of two vast North Sea oil and gas fields, as environmental campaigners attempted to block the projects. ...

Will shell defend North Sea oil and gas projects against Greenpeace?

T wo of the world’s biggest energy companies have vowed to defend their oil and gas projects against Greenpeace in court, after Ed Miliband dropped a legal fight in defence of the North Sea. Shell has pledged to take on Greenpeace in a crucial courtroom battle that could affect the future of the North Sea oil and gas industry. ...

Would a windfall tax hurt the North Sea industry?

But the industry argues that a windfall tax on the bumper profits currently being experienced would put off future investment in the North Sea sector. That would be bad for the Treasury. The International Energy Agency has said there is no place for new oil, gas or coal if global warming is to be kept to 1.5C. ...

Could Ed Miliband make a new decision about North Sea fields' licences?

Then, they argue, the Energy Secretary, Ed Miliband, and the government's North Sea Transition Authority (formerly known as the Oil and Gas Authority), could make a fresh decision about the fields’ licences, armed with a fuller understanding of their contribution to climate change. Even then, there may be a snag. ...

How will a fossil fuels ruling affect new North Sea drilling licences?

The ruling could have a drastic impact on new licences. A landmark fossil fuels ruling in the Supreme Court could have huge ramifications for new North Sea drilling licences, with an Edinburgh University academic warning all new developments could now face fresh legal challenges. ...

Will a US oil company end North Sea operations by 2029?

Just last week, one US oil firm said it would end all North Sea operations by the end of 2029 because of high levels of taxation. Now, the eyes of climate campaigners, politicians, and oil companies alike are on Lord Ericht. ...