The U.K.’s planned North Sea Rosebank oilfield development, to be led by Norwegian firm Equinor, could be key to the country’s energy security. But in a project that would be three times bigger than the controversial Cambo oilfield development can Equinor win public favour? The Rosebank is located 130 kilometres west of the Shetland Islands in the North Sea, off of Scotland. In May, the North Sea Rosebank project was deemed “very important” by Equinor’s CFO Torgrim Reitan. If the project goes ahead, it is expected to support the U.K.’s energy security during a time of greater uncertainty and rising oil and gas prices.

Source: The North Africa Journal June 29, 2023 22:11 UTC