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OEUK Calls for North Sea Exploration Amid Rising Prices

3/24/2026

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Summary

Story summary

Offshore Energies UK (OEUK) urges government support for North Sea oil and gas exploration as prices rise amid the US-Israel war with Iran.
OEUK warns that without more domestic production, the UK risks heavy reliance on imports.
Energy Secretary Ed Miliband says renewables are needed and oil and gas prices are set by international markets.
The Conservative Party pushes to end the ban on new drilling licenses.

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Story summary

Offshore Energies UK (OEUK) urges government support for North Sea oil and gas exploration as prices rise amid the US-Israel war with Iran.
OEUK warns that without more domestic production, the UK risks heavy reliance on imports.
Energy Secretary Ed Miliband says renewables are needed and oil and gas prices are set by international markets.
The Conservative Party pushes to end the ban on new drilling licenses.