North Sea Oil and Gas: The Future of UK Energy Security

As the conflict in the Middle East threatens to whack the world economy with an energy shock - and possibly a huge recession, the debate about the UK’s North Sea has re-ignited. Should we be drilling there to help our energy security in a volatile global market? There’s now a growing chorus of voices, from surprising places, calling on the government to support more North Sea exploration. So, will the government – having banned new licenses as part of net zero drive – now give them the go ahead? 00:00 – The Economic Case for Domestic Gas 01:21 – The Declining State of North Sea Production 02:53 – Impending Decisions on Rosebank and Jackdaw 03:19 – Historical Context: The Piper Alpha Disaster 05:40 – The Lifecycle of Offshore Oil and Gas 07:33 – Strategic Importance of Liquefied Natural Gas (LNG) 10:44 – The Argument Against New Licensing 19:10 – The Impact of the 78% Windfall Tax 26:52 – Environmental Litigation and Scope 3 Emissions Presenters: Dominic O’Connell, columnist and business presenter, Times Radio Emma Powell, media and telecoms editor, The Times Guests: Tessa Kahn, founder and executive director, Uplift. Chris Wheaton, energy analyst, Stifel. Producer: Miriam Hall Senior Producer: Julia Johnson Executive Producer: Kate Ford Photo credit: Getty Get in touch: [email protected] Read the best of our journalism: https://www.thetimes.com/ Subscribe to The Times and The Sunday Times YouTube channel: https://www.youtube.com/subscription_... Find us on Facebook:   / timesandsundaytimes   Find us on X: https://x.com/thetimes Find us on Instagram:   / thetimes