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Business · 9 hours ago

North Sea bosses say 111 oil and gas projects could be unlocked

North Sea bosses say 111 oil and gas projects could be unlocked

The UK's reliance on imported oil and gas could be halved if the government provided greater support to the sector, according to an industry report. Offshore Energies UK said changes to the windfall tax and approval of two controversial fields could attract £50bn in investment. Environmental group Uplift called the report a "fantasy" and urged the Prime Minister not to listen to oil companies.

Reported by BBC · How we write briefs

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