Related Articles
Forward article link
Share PDF with colleagues

The UK is officially leaving the EU. What now for energy?

UK prime minister Theresa May has hailed the dawn of a "Global Britain", but Brexit's critics say it will cripple the economy, kill access to its main market, spark ruinous inflation and shred the country's global influence.

Now that Article 50 has been signed, officially starting the process of the UK leaving the EU, what will it mean for energy? Here are the six main impacts we have identified. What if Scotland leaves - and takes its oil? Most Scots voted to remain in the EU and Scotland's first minister Nicola Sturgeon wants to hold a second referendum sometime in the next two years. About 80% of the UK's oil is produced from Scotland's Exclusive Economic Zone, and the share is rising. If Scotland left, the UK could lose all that. Now that May has triggered Article 50 officially starting the UK's departure from the EU — the country has two years to sort out the divorce. May says the UK will leave the EU



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Tullow sees progress in Kenya
21 June 2021
The company might not have given up on its Kenyan ambitions
Adnoc presses the upstream accelerator
21 June 2021
Abu Dhabi has resumed the chase towards long-term capacity targets
Var hits oil in Balder Area probe
21 June 2021
The firm’s NCS near-field exploration strategy pays off again
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video