Subsidiary of EnQuest, which was fined in 2022 for illegal gas flaring, awarded one of 24 new drilling licences
Labour’s plan to ban new oil and gas drilling is “economically senseless” and threatens to bring forward rig shutdowns by a decade, a major North Sea operator has warned.
North Sea oil production has plunged at its fastest pace in a decade as fears grow over a potential Labour government and Rishi Sunak’s windfall tax deters investment.