www.bbc.com
UK Chancellor is expected to announce a new North Sea Strategy during the Budget speech. While details are scarce, this strategy likely aims to address the future of the North Sea oil and gas industry amidst pressures for decarbonization and energy security. Key areas could include investment in renewable energy infrastructure, support for workers transitioning to green jobs, and regulations concerning future oil and gas exploration. The strategy is anticipated to balance environmental goals with the need for a stable energy supply and economic benefits from the North Sea.
