The UK Approves A Controversial $3.8-Billion Oil And Gas Project ...Middle East

UK regulators approved on Wednesday the development plan for the Rosebank oil and gas project in the North Sea, paving the way for operator Equinor to proceed with a $3.8-billion investment in the field, which has stirred controversy in Britain amid debates about the need for new oil and gas projects. The North Sea Transition Authority (NSTA) on Wednesday granted development and production consent for the Rosebank field northwest of Shetland, the largest discovered untapped resource on the UK Continental Shelf.    “We have today…

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