The Latest Breaking News from North Sea

A new report said while emissions from oil and gas had fallen for the fifth year, investment is needed to meet targets for 2040 and 2050.

Badenoch will pledge to make North Sea oil and gas the ‘cornerstone’ of the economy

The Conservative leader will attack the UK Government for treating the North Sea industry as a ‘relic of the past’.

TORY leader Kemi Badenoch has been accused of “reckless ignorance” after vowing to extract every last drop of oil and gas from the North Sea.

Tory leader Kemi Badenoch said a Conservative administration would maximise extraction.

IN FULL

Kemi Badenoch said Britain ‘cannot afford not to be doing everything to get hydrocarbons out the ground’ to boost growth

Kemi Badenoch said Britain ‘cannot afford not to be doing everything to get hydrocarbons out the ground’ to boost growth

Environmental groups are warning that Norway’s Northern Lights project – the world’s first commercial offshore carbon storage scheme – could end up masking continued fossil fuel use. It began operations this week, pumping CO2 into a reservoir deep beneath the North Sea seabed.

Tall ships from around the world paraded up the North Sea Canal into Amsterdam on Wednesday, with crews from Peru, Uruguay, Germany and France waving from their decks as crowds cheered along the banks.

SCOTTISH Government revenue is growing faster than spending, new official figures show despite declining income from North Sea oil and gas.