New oil and gas exploration licences approved in the North Sea
by Paul Cargill
Feb 01, 2024
3 minutes
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The UK’s oil and gas regulator has awarded 24 new exploration licences to 17 separate companies in a move that has been welcomed by a trade body but condemned by climate campaigners.
It is the second tranche of the North Sea Transition Authority’s (NSTA) 33rd licensing round and follows 27 licences offered in the last allocation made in October last year.
multinationals such as and BP are among the companies which received licences in this latest round, with more
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