UK greenlights development of its biggest untapped oil field ...News

Russia Today - Economy
UK greenlights development of its biggest untapped oil field
source : Russia Today ( News ) () 24
The government says the project will strengthen the country’s energy security The UK has officially greenlit one of its biggest oil and gas projects in years, despite backlash from environmentalists. The authorities announced the decision to develop the North Sea Rosebank field in a press release on the government’s official website on Wednesday. According to the announcement, the regulators have granted permission to Norwegian energy giant Equinor to develop the offshore deposit alongside Britain’s Ithaca Energy. The companies hold 80% and 20% stakes respectively in Rosebank, which is considered the largest untap

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