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Bleak times for UK North Sea
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
The death knell for UK energy security
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
Outlook 2025: A new era – how the UK offshore sector can lead in a competitive market
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
Outlook 2025: Navigating the windfall tax and the future of UK energy
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
Letter from London: Beware false prophets
The oil and gas sector’s renewed upstream activity stands in marked contrast to just a few years ago, highlighting that the market does indeed cycle
US shale needs to find new efficiencies
Output looks to a growth model based around doing more with less given green policy pressure, with tech advancements, equipment upgrades and fiscal tools key
Letter from London: The unbearable lightness of being US shale
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
UK-listed Pharos to ramp up Egyptian activities
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
North Sea production to see minor boost
Taxation strategies in UK and Norway to continue to play important role for a region in which significant volumes of medium sour have offset the loss of similar quality Russian barrels and balanced the influx of US light sweet grades
Time running out for UK North Sea
Smaller projects provide opportunities, but basin maturity and policy shifts amid political uncertainty signal a significant decline by the end of the decade
Shale UK
Ian Lewis
5 November 2019
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UK shale suffers potentially fatal blow

Explorers say they will work with the government to try to revive the nascent shale gas industry, but a new fracking moratorium makes it look like an uphill struggle

The UK government's imposition of a moratorium on hydraulic fracturing in England brings to an end efforts to launch an industrial-scale shale gas industry in the country for the foreseeable future.  The government said in early November that it was pausing all shale gas exploration in England “unless and until further evidence is provided that it can be carried out safely”.  Scotland, Wales and Northern Ireland already have moratoriums or other blocking legislation in place on fracking, so the process is now prohibited, at least temporarily, in the whole of the UK.  An interim report on the shale gas industry just published by the UK’s upstream regulator the Oil and Gas Authority (OGA), whi

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