JL Daeschler informs us that Equinor may shun further investments in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved.
Rosebank and Jackdaw are operated by Adura, an Equinor-Shell joint venture. Much of the infrastructure for Jackaw is already in place, and gas production could begin this winter when it may be badly needed. Production at Rosebank, which is primarily an oil field, could begin in the first half of 2027.
BBC quotes Equinor chief Anders Opedal:
“The question will be: is the UK investable in the future? I hope it will not come to that.”
“It’s a political choice.The North Sea oil and gas industry started on the UK side. We learned from the UK and it’s actually the same geology on both sides of the border – several fields actually cross it.”
Ithaca Energy is a 20% Rosebank owner. Ithaca has an Israel connection which has further incited project opponents. (Which do left-wing activists hate more – oil or Israel?)
Sadly, as JL laments, the UK is reaping what it has sown. Approval of Rosebank and Jackdaw is a small but important step toward energy sanity.
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