Energy Independence Bill introduced at Westminster
The UK Government has laid out the Energy Independence Bill, which would remove the North Sea Transition Authority's ability to grant new oil and gas licences.
If passed at Westminster, the legislation would introduce Transitional Energy Certificates, allowing existing oil and gas fields to provide additional production from "areas bordering or in close proximity to already licensed fields", or in areas that are already part of an existing field.
The government said the move could produce about 60 million barrels of oil and supp... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
