Norwegian energy firm warns against blocking Rosebank oil field

Summarised from 2 outlets · 3 reports · Updated 6 Oct, 18:49 · Archive

Equinor's chief says rejecting the Rosebank oil field would make Britain appear un-investable.

The chief executive of Norwegian energy firm Equinor, Anders Opedal, has warned that rejecting the Rosebank oil field would be a 'major setback' for Britain and against the country's energy security interests. He suggested that such a refusal could lead investors to view Britain as un-investable. Rosebank is Britain's largest untapped oil field, located in the North Atlantic.

Work at Rosebank and the Jackdaw gas field in the North Sea has been halted following legal challenges on climate grounds. The Government now holds the decision on whether to allow work to resume at these projects.

How it is being reported

• 'We will ask if UK is investable': Energy giant warns of threat to North Sea oil and gas if Rosebank and Jackdaw are blockedA leading European energy company has threatened to scrap investment in the UK if two major projects in the North Sea are blocked.This is Money · 6 Oct, 18:23
• Investors will not touch Britain if Rosebank is not approved, Norwegian energy giant warnsBritain risks being viewed as un-investable if it refuses to approve a controversial oil field, the head of a Norwegian energy giant has warned. Anders Opedal, CEO of Norwegian oil firm, Equinor, said a refusal on the North Atlantic's Rosebank would be a "major setback" and against the interests of Britain's energy security. Rosebank is Britain's largest untapped oil field. But work there, and also at Jackdaw, a giant North Sea gas field, has been halted after legal challenges on climate grounds. The decision as to whether work can resume now rests with the Government. TRENDING Stories…GB News · 6 Oct, 17:37
• Investors will not touch Britain if Rosebank is not approved, Norwegian energy giant warnsBritain risks being viewed as un-investable if it refuses to approve a controversial oil field, the head of a Norwegian energy giant has warned. Anders Opedal, CEO of Norwegian oil firm, Equinor, said a refusal on the North Atlantic's Rosebank would be a "major setback" and against the interests of Britain's energy security. Rosebank is Britain's largest untapped oil field. But work there, and also at Jackdaw, a giant North Sea gas field, has been halted after legal challenges on climate grounds. The decision as to whether work can resume now rests with the Government. TRENDING Stories…GB News · 6 Oct, 17:37

In this story: Equinor · Anders Opedal · Britain · Rosebank · North Sea · Jackdaw

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