UK pledges annual oil and gas licensing rounds to slow output decline
November 7, 2023 Comments Off
The UK government on Oct. 7 pledged to enshrine in law the holding of upstream licensing rounds on an annual basis, part of a policy shift in favor of greater energy security ahead of impending national elections. The pledge to return to annual licensing rounds, following a hiatus of more than two years, came in a ceremonial speech by King…
UK pledges annual oil and gas licensing rounds to slow output decline
The UK government on Oct. 7 pledged to enshrine in law the holding of upstream licensing rounds on an annual basis, part of a policy shift in favor of greater energy security ahead of impending national elections. The pledge to return to annual licensing rounds, following a hiatus of more than two years, came in a ceremonial speech by King…
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