Oil & Gas News – Early February 2025
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A court has ruled that consent for two new Scottish oil and gas fields was granted unlawfully and their owners must seek fresh approval from the UK government before production can begin.
The written judgement on the Rosebank and Jackdaw fields came after a case brought by environmental campaigners, Uplift and Greenpeace, at the Court of Session in Edinburgh.
Norwegian energy giant Equinor is halving investment in renewable energy over the next two years while increasing oil and gas production.
Chief executive Anders Opedal said that the transition to lower carbon energy was moving slower than expected, costs had increased, and customers were reluctant to commit to long term contracts.
