UK - Authority awards further oil and gas production licences
The UK North Sea Transition Authority (NSTA) has once again awarded exploration licences to companies in a new oil and gas licensing round after October 2023. The successful licence holders include the British offshore majors bp, the Norwegian group Equinor and TotalEnergies E&P UK. The exploration areas now awarded are located in the central and northern British North Sea and west of the Shetland Islands. This is also where the Victory gas field is located, for which Shell received the development and production licence from the NSTA at the beginning of the year. The licences will only be confirmed once the associated environmental and habitat assessments have been carried out by the British...
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