Britain sees a “good, solid” future for the North Sea’s oil and gas industry and will issue new licences to expand output in the future, Energy Minister Greg Hands said on Tuesday.
“We need continued investment into the North Sea,” Hands told the International Energy Week online conference.
Reuters
Meanwhile, the US government seems intent on supporting legal and administrative actions that stymie offshore exploration and development. The US is sanctioning its own offshore industry during an international crisis centered around energy.
2021 was the first year in the history of the US offshore program dating back to the passage of the OCS Lands Act in 1953 without a single oil and gas sale, and there is no lease sale on the horizon. Most years have had multiple sales, regardless of the party in power. The only attempted 2021 sale (no. 257) was required by a Federal Court decision in Louisiana. That sale was annulled by a questionable DC court decision that the Federal government chose not to appeal.
Bud's Offshore Energy (BOE) 
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