https://morningstaronline.co.uk/article/no-new-north-sea-drilling-2025-new-analysis-finds
Campaigners from Oceana UK protest outside the Royal Courts of Justice in London, where the environmental group is taking the government to court over 31 licences for oil and gas exploration, March 26, 2025NOT a single exploration well was drilled in North Sea waters in 2025 – the first year since oil and gas was discovered there in the 1960s, analysis finds.
Energy consultants Wood Mackenzie found oil and gas investment on the UK continental shelf, which stood at £4 billion this year, is set to plunge by more than 40 per cent in the next to £2.5bn, its lowest level for more than 50 years.
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Greenpeace UK’s Paul Morozzo said: “This isn’t a temporary blip.
“The North Sea’s days as an oil and gas basin are coming to an end. Investment is falling because of physical constraints and decreased profitability.
“The real risk now is chasing a declining industry instead of preparing for what comes next.
“Doubling down on oil and gas won’t protect jobs, energy security or household bills.
“It’s time the government took action on the cost of living crisis, as well as to protect us all against the worst impacts of climate change.
“The way to do that is by investing in the industries of the future, not clinging to one that’s in terminal decline.”
https://morningstaronline.co.uk/article/no-new-north-sea-drilling-2025-new-analysis-finds
