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Image Source : Energyinfra market Screenshot 2024 05 08 111737

UK's NSTA Awards 31 New North Sea Oil and Gas Exploration Licences


Last Update 08 May 2024

North Sea Transition Authority (NSTA) grants 31 new oil and gas licenses for production in the region, focusing on gas extraction in the southern North Sea. These licenses, part of NSTA’s 33rd round, aim to begin production within five years, boosting oil and gas output significantly by 2060. NSTA's emphasis on expanding production underscores efforts to support energy security and economic growth

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