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The Chinese operator of one of the North Sea's biggest fields could be set to exit the UK entirely with a $3billion sale. Reports emerged last night claiming that CNOOC is preparing to exit the North Sea as the geopolitical fallout from the war in Ukraine continues.
The proposed Cambo oil field off Shetland has been granted a licence extension. Shell and Siccar Point Energy have been granted a two-year extension from the North Sea Transition Authority.
Scotland's mandatory face covering rules will now remain in force until April 18th, Nicola Sturgeon has announced.
Boris Johnson and Keir Starmer have again clashed over calls for a windfall tax on North Sea profits.