UK Energy Profile: Despite Production Declining, New Oil Fields Are Being Added – Analysis

By

In 2022, the United Kingdom (UK) accounted for 14% of energy production and 10% of energy consumption in OECD Europe

Although production in the UK has been on a long-term declining trend, new oil fields are being added. For example, UK’s largest prospective oil field, Rosebank, is scheduled to add 300 million barrels of recoverable oil at a 70,000-barrel per day (b/d) peak flow, and it will begin operating by 2027 at a cost of $3.8 billion. Equinor will operate the field, which is located northwest of the Shetland Islands.1

The $201 million Woodhouse Colliery coal mine project in northwest England is the UK’s only new deep coal mine in the last few decades. It is scheduled to start construction in 2024 despite legal and political opposition.2,3

The UK will extend the life of its aging nuclear power plant fleet (4.6 gigawatts [GW]), instead of retiring it, to meet the country’s energy demand, and it plans to increase nuclear power capacity to 24 GW by 2050.4,5

The UK Department for Energy Security and Net Zero is in final negotiations for funding the UK’s first large-scale hydrogen plant in the Stanlow oil refinery. The proposed facility will cost $720 million and will have a capacity of 10 GW by 2030.6

The UK has added five new international electrical interconnectors to neighboring European countries since 2019, which led to a 470% increase in total trade between 2018 and 2022 at 55 billion kilowatthours (kWh).

Following Russia’s full-scale invasion of Ukraine, the UK government banned imports of crude oil, natural gas, and petroleum products from Russia. This ban has resulted in a shift in the UK’s energy suppliers, away from Russia and to Norway and the United States.7,8

Petroleum and Other Liquids

The UK’s proved oil reserves totaled 1.5 billion barrels as of January 1, 2024.9

Most of the UK’s oil and natural gas production is offshore, either in the North Sea or west of the Shetland Islands in the Scottish Territorial Waters. The UK produces three grades of light, sweet crude oil: Flotta, Forties, and Brent blends.

Flotta is the smallest and lowest-quality (36.64° API and 0.66% sulfur) stream produced in the UK. Forties blend is made up of oil from more than 50 fields spread over a large area of the North Sea, the largest of which is the Buzzard oil field. Forties blend is a light (about 39° API), sweet (about 0.7% sulfur) crude oil, but the overall quality can vary based on Buzzard field volumes, which are heavier (32.6° API) and sourer (1.44% sulfur) than the rest of the blend volumes. Brent blend is a light (40.1° API), sweet (0.35% sulfur) crude oil. More than two dozen UK fields contribute to the blend, although very little production comes from the once-prolific Brent field, which the stream was named after. The Brent blend is transported to the Sullom Voe terminal in Scotland’s Shetland Islands via pipelines. Despite the declining physical volumes associated with the Brent blend, it remains an important global financial benchmark.

A benchmark crude oil is a specific crude oil that is widely and actively bought and sold that other types of crude oil can be compared with to determine a price by an agreed-on differential. The Brent benchmark, the most widely used global crude oil benchmark, is composed of five crude oil blends: Brent, Forties, Ekofisk, Oseberg (BFOE), and Troll.

The Brent and Forties blends are produced offshore in the waters of the UK, and the Ekofisk, Oseberg, and Troll blends are mainly produced offshore in the waters of Norway. The Brent benchmark was originally based on the output of the Brent field, a single field in the UK’s portion of the North Sea. At its peak, in 1984, the Brent field produced more than 400,000 b/d from four platforms. During the late 1980s, production declined rapidly, and after a brief resurgence in the early 1990s, the declines resumed. In 2014, production stopped from two of the three remaining platforms operating in the Brent field.

As production from the Brent field declined, other fields and blends were added. Although the benchmark itself accounts for only a small portion of total world crude oil production, it remains a key indicator for world crude oil pricing.

The UK government regulates the oil, natural gas, and carbon storage industries through the North Sea Transition Authority (NSTA), previously known as Oil and Gas Authority (OGA). NSTA issues crude oil and natural gas licenses; collects data from license holders; and promotes investment, collaboration, and efficiency in the industry. Since 2021, NSTA has encouraged a North Sea energy transition. Closer coordination of offshore fossil fuel and renewable energy sectors (for example, wind, wave, and tidal) is likely to help the UK meet its 2050 net zero target.10

UK crude oil and other liquids production and consumption has been trending down the last two decades; 2023 production averaged about 794,000 b/d and consumption 1.4 million b/d. In 2023, the UK produced 27% of what it produced in 1999 at its production peak of 3.0 million b/d. Crude oil consumption in 2023 was 78% of oil consumption in 1999. Production declines are the result of aging oil fields and government policy shifting away from consuming fossil fuels. We forecast that both crude oil production and consumption will remain relatively flat through 2025.

Clair Ridge (also known as Clair Phase 2) was the UK’s top producing oil field, at 106,000 b/d, in 2023. It reached 115,000 b/d in 2022, which was just below its 120,000 b/d target peak. BP is the majority stakeholder in Clair Ridge, which is west of the Shetland Islands. Buzzard oil field, which used to be the top-producing field in the UK in 2021, was slightly behind Claire Ridge in production at 113,000 b/d in 2022 and 92,000 b/d in 2023.11

Rosebank field, owned by Equinor (80%) and Ithaca Energy (20%), 80 miles (130 km) west of the Shetland Islands on the UK continental shelf is the largest prospective oil and natural gas field, scheduled to come online in 2026–2027 at a cost of $3.8 billion. Rosebank has an estimated 300 million barrels of total recoverable oil. Phase 1 targets 245 million barrels of total production, and Phase 2 will add another 55 million barrels of oil production, with a production plateau of 70,000 b/d potentially in the first phase.12

According to the NSTA, UK oil and natural gas capital expenditures will peak at £5 billion in 2024 and drop to £2 billion by 2029; however, exploration and appraisal expenditures will remain steady, averaging £0.310 billion from 2024 to 2029.13

The UK’s extensive network of pipelines carries oil extracted from North Sea fields to coastal terminals in Scotland and northern England. The network includes six major pipelines. Many smaller pipelines transport petroleum liquids from individual fields to the major pipelines for transport to the coast. Pipelines in the United Kingdom are privately owned and operated; however, any qualified shipper may access the pipelines.

Flows have decreased on the Forties Pipeline System by approximately 40% since 2017, which has led processing the plant to close due to lack of demand. Forties Pipeline System moves approximately 40% of the UK’s oil from the North Sea via Grangemouth to be processed for distribution throughout the UK in any given year.14

Sullom Voe Terminal, one of the UK’s historically important oil and natural gas infrastructural points on the largest of the Shetland Islands, has started decommissioning pipelines as part of the facility’s shift to greener energy. This shift includes utilizing renewable power options over an older, higher-emitting natural gas-fired power station and adding green hydrogen and carbon capture to the site. Some of the pipelines that are being decommissioned are connected to decommissioning fields such as the once prominent Brent field. Sullom Voe Terminal is also the onshore loading site for Clair Ridge field’s oil and natural gas, although BP has considered shifting to offshore loading facilities to bypass Sullom Voe’s aging and a potentially more costly loading site than offshore loading . Liquid fuels produced at the Claire Ridge field will eventually have to find new facilities to load its production because the Sullom Voe Terminal is scheduled to be decommissioned, if it’s not renovated well before Claire Ridge will end production.15,16,17

Operators of the Flotta oil terminal on Orkney Island have agreed to serve the North Sea fields Golden Eagle (CNOOC), Piper (RSRUK), and Claymore (RSRUK) until the end of the fields’ lives in the 2030s. Flotta terminal is also close to securing a green hydrogen hub facility, among many other green technology ventures, in hopes of continuing operations after oil and natural gas production end sometime in the next decade.18

UK major refineries maintained a capacity to process 1.2 million b/d of crude oil in 2024.

The UK consumed 482,416 barrels of petroleum products in 2022, and 73% was consumed in transportation activities. Road transport-related consumption accounted for 54%, and air transport accounted for 16% of total consumption of petroleum products.19

FieldsFirst year of productionOperatorLocationProduction (thousand barrels per day)
Claire Ridge2005BPScottish Territorial Waters106
Buzzard2007CNOOCNorth Sea92
Quad 204 (Schiehallion area) and Loyal2017BPNorth Sea83
Catcher area2017Premier OilNorth Sea57
Mariner (and Cadet)2019EquinorNorth Sea34
Kraken2017EnQuest HeatherNorth Sea33
Forties1979BPNorth Sea27
Golden Eagle, Peregrine, and Solitaire2014CNOOCScottish Territorial Waters26
Culzean2019TotalEnergiesNorth Sea23
Penguins redevelopment2023Shell U.K.North Sea13
Total   494
Data source: The North Sea Transition Authority
RefineriesOwnershipLocationFirst year of operationsCrude oil capacity (barrels per calendar day [b/cd]) Vacuum distillation capacity (b/cd)Note
EasthamNynas AB/ShellEastham196627,00027,000It produces bitumen for domestic use.20
FawleyExxon Mobil Corp.Fawley1951248,900A direct jet fuel pipeline to Heathrow Airport is being replaced.21,22
GrangemouthPetroineoesGrangemouth1924145,00064,600Scotland’s only refinery is expected to be converted into a fuel import terminal.23
HumberPhillips 66 Co.South Killingholme1969221,000156,912The only coking refinery in the UK also produces transportation fuels.24
LindseyPrax GroupNorth Killingholme1968120,58278,868TotalEnergies sold the refinery in 2021 to Prax Group for the Lindsey refinery that primarily produces gasoline and diesel.25
PembrokeValeroPembroke1964199,50095,000It produces gasoline, diesel, jet fuel, heating oil and low-sulfur fuel oil.26
StanlowEssar EnergyEllesmere Port1924195,000130,000It supplies 16% of UK road fuel and had to stop importing fuel from Russia in 2022 due to the dockworker’s union being unwilling to unload it;27 it could also host hydrogen plant.28
Total   1,156,982552,380 
Data source: Oil & Gas Journal, 2022 Worldwide Refining Survey
OriginDestinationPipeline systemOperatorCapacity (million barrels per day)Total length (miles)
Forties area fieldsDalmeny terminal, Hound Point terminal, and Grangemouth refinery and petrochemical complex (Scotland)FortiesIneos FPS Ltd1235
Ekofisk area fields (Norway) with a spur to UK fieldsTeesside terminal (England)NorpipeConocoPhillips0.8217
Bruce area fields Forties Pipeline SystemBruce-FortiesSerica Energy0.3154
Piper, Claymore, and Golden Eagle platforms and associated fieldsFlotta terminal (Scotland)FlottaRepsol Sinopec Resources 0.4130
Ninian area fieldsSullom Voe terminal (Scotland)NinianEnQuest PLC0.9109
Cormorant Alpha platformSullom Voe terminal (Scotland)Brent TAQA 0.191
Data source: U.S. Energy Information Administration, International Energy Statistics, based on North Sea Transition Authority, ConocoPhillips, Repsol Sinopec Resources, TAQA, EnQuest, Ineos, and Serica

Natural Gas

The UK’s proved natural gas reserves were 4.6 trillion cubic feet as of January 1, 2024.29

In the United Kingdom, natural gas production, transmission, and distribution are fully privatized. With a market share of 28%, British Gas, a subsidiary of Centrica, was the largest natural gas distributor in the United Kingdom as of the third quarter of 2023, according to the UK Office of Gas and Electricity Markets (OFGEM). Octopus Energy (17%) and EON (14%) are currently leading a group of natural gas distributors that have slowly taken market share from British Gas, which had over half of market share in 2006.30

The UK natural gas distribution sector changed significantly in 2005, when National Grid Gas sold four of the eight natural gas distribution networks to Scotia Gas Networks, Wales and West Utilities, and Northern Gas Networks. Before this sale, National Grid controlled the domestic natural gas distribution system.

UK natural gas production decreased to 1.3 trillion cubic feet (Tcf) in 2022, and consumption decreased to 2.5 Tcf). UK natural gas production has been steadily decreasing since peaking at 4.1 Tcf in 2000 due to aging natural gas fields and diminishing reserves, in turn, making natural gas imports more important. The UK has an intricate network of natural gas pipelines to receive natural gas from domestic production, Norwegian production in the North Sea, and from greater Europe via pipeline connections with Belgium and the Netherlands. The United Kingdom also has two natural gas pipeline interconnections with the Republic of Ireland, an undersea link from Scotland, and a smaller capacity link from Northern Ireland.

The natural gas consumption decreases to 2.5 Tcf in 2022 was driven by a decrease in both domestic and industrial uses. UK provisional data also show a decrease in consumption in 2023. 

Pipeline systemOriginDestinationCapacity (trillion cubic feet)Total length (miles)
Langeled pipelineNyhamna natural gas plant, Norway Easington, England1.0725
Interconnector UK Zeebrugge, BelgiumBacton, England0.9146
 Zeebrugge, Belgium0.7146
Balgzand Bacton line (BBL) Bacton, UKBacton, England0.7146
Shetland Island Regional Gas Export System (SIRGE)Balgzand, NetherlandsFUKA pipeline0.7145
Central Area Transmission System (CATS)Shetland natural gas plant at Sullom VoeTeesside terminal (England)0.6251
Tampen and GjøaNorwegian North Sea fieldFLAGS pipeline0.614 (Tampen) and 81 (Gjøa)
Shearwater Elgin Area Line (SEAL)UK North Sea fieldBacton Gas Terminal (England)0.5295
Frigg (FUKA)UK and Norwegian North Sea fieldsSt. Fergus gas terminal (Scotland)0.5225
VesterlandNorwegian North Sea fieldsSt. Fergus gas terminal (Scotland)0.5224
Far North Liquids and Associated Gas System (FLAGS)UK and Norwegian North Sea fieldsSt. Fergus gas terminal (Scotland)0.4280
Scottish Area Gas Evacuation (SAGE)UK and Norwegian North Sea fieldsSt. Fergus gas terminal (Scotland)0.4201
UK-Eire InterconnectorMoffat, ScotlandLoughshinny0.4120
Data source: North Sea Midstream Partners, Gassco, Shell, Apache Corp, CATS management Limited, Interconnector (UK), BG, BBL Company, and Digest of UK Energy Statistics

Coal

The UK had 29 million short tons in coal reserves in 2022.

The UK’s coal production and consumption have declined since peaking in the early 1900s.32 The decline continued into 2022; production totaled 0.7 million short tons (3% of the 2012 average), and consumption totaled 6.7 million short tons (9% of the 2012 average).

The $201 million Woodhouse Colliery coal mine project in northwestern England, the only new deep coal mine in the last few decades, is scheduled to begin construction in 2024, as of December 2023, despite legal and political opposition. The mine is 57 acres, and 80% of the coal produced in the mine will be exported throughout Europe..33,34

Efforts are underway to take advantage of flooded coal mines and geothermal energy below one-quarter of UK homes to naturally warm homes. The practice has already been implemented in the English former coal town of Gateshead to heat hundreds of homes and businesses.35

Electricity 

In 2022, the UK generated 319 terawatthours (TWh) of electric power and maintained an installed generation capacity of 111 GW. In 2022, the UK’s renewable generation, which stood at 51.6 GW, surpassed fossil fuel generation capacity of 50.6 GW.

In 2022, the UK generated 319 billion kWh and consumed 287 billion kWh of electricity. Generation increased by 7%, and consumption declined by 3% compared with 2021.

Natural gas-fired generation (124 billion kWh) continued to account for the greatest share of UK total generation, at 36%, in 2022. Utilities are interested in building additional natural gas power plants despite legally binding commitments to net zero emissions by 2050.36

Together, generation from renewable sources was 45% of total generation in 2022 (wind, 27%; bioenergy, 12%; solar, 4%; and hydro, 2%). Although slightly more wind capacity is onshore (52%) than offshore (48%), offshore wind accounted for 56% of the 85.6 TWh of wind generation in 2022. At 24.8 TWh, plant biomass made up 97% of biomass energy and 64% of bio energy in 2022.37

The UK Department for Energy Security and Net Zero are in final negotiations for funding the UK’s first large-scale hydrogen plant in the Stanlow oil refinery. With an estimated cost of $720 million, it would have a capacity of 10 GW by 2030, and it would be paid for through the UK’s $25 billion energy transition fund.38

UK nuclear generation increased for the first time since 2016, by 4% to 43 billion kWh, in 2022. The UK government plans to increase nuclear power capacity to 24 GW by 2050. The UK is holding a competition to produce some of its next generation of small modular reactors (SMR) to aid in reaching the 2050 goal. Six companies have expressed interest in building the next generation of nuclear facilities.39

In addition to the existing nuclear power plants, the UK has four AP300, U.S.-designed, and factory-made for on-site assembly SMRs that are in preliminary planning for northeast England that will begin operating in the early 2030s. The new AP300 reactor design, expected to gain approval by 2027, is estimated to cost about $1 billion per reactor, compared with some of the older and more expensive units that can cost as much as $6 billion. Notably, this addition would be the UK’s first privately funded nuclear reactor.40,41

The UK has continued to extend the life of its aging nuclear power plant fleet, like many other European countries including France, Belgium, and Sweden. Hinkley Point C has two new reactors in construction to replace a majority of the retiring nuclear capacity.42

Site (operator)TypeReactor (net capacity, 
megawatt electric)
NoteStart-up
BradwellHualong OneB-1 (1,150) Unknown
(China General Nuclear)Hualong OneB-2 (1,150) Unknown
HartlepoolGCRA-1 (590)EDF hopes to extend its production further past initial closure dates.431983a
(EDF Energy)GCRA-2 (595)1984a
Hinkley Point
(EDF Energy)
EPRC-1 (1,720)Production has begun.442027
EPRC-2 (1,720)2028
Heysham
(EDF Energy) 
GCRA-1 (485)EDF hopes to extend its production further past initial closure dates.451983a
GCRA-2 (575)1984a
GCRB-1 (620)1988a
GCRB-2 (620)1988a
OldburyABWRB-1 (1,380) Canceled
(Horizon)ABWRB-2 (1,380) Canceled
Moorside (NuGeneration)AP10003 x (1,135) Canceled
Moorside (EDF Energy)EPRC-1 (1,670) 2034
EPRC-2 (1,670) 2034
Sellafield (Candu Energy)PRISM(311) Canceled
PRISM2 (311) Canceled
(GE Hitachi)ABWR1 (740) Canceled
ABWR2 (740) Canceled
Sizewell
(EDF Energy)
EPRC-1 (1,670)Approval for construction has largely been granted.46TBD
EPRC-2 (1,670)TBD
TorneGCR1 (595)EDF hopes to extend its production further past initial closure dates.471988a
GCR2 (605)1989a
Wylfa Newydd
(Horizon)
ABWR1 (1,380)UK government still intends on using the land to build nuclear plants despite cancellation of the previous project.48Canceled
ABWR2 (1,380)Canceled
Total planned and proposed capacity
(11 units)
15,600  
Data source: World Nuclear Association Note: aExtended the life of these reactors past their original closure dates. 

Energy Trade 

UK petroleum and other liquid imports decreased to 644,000 b/d and exports decreased to 547,000 b/d in 2022.

UK petroleum product imports and exports have risen after decreasing during the COVID-19 pandemic.

Following Russia’s full-scale invasion of Ukraine, the UK and the EU banned imports of crude oil (December 2022) and petroleum products from Russia (February 2023).49

The UK, the world’s leading cargo insurer, banned insuring Russian oil shipments for more than the $60 per barrel price cap established in December 2022. Prior to the ban, 33% of Russia’s oil cargo shipments were insured in the UK from March 2022 to November 2023.50

The Netherlands is the source of most (19%) UK petroleum product imports and receives most (25%) UK petroleum product exports.

UK natural gas imports were 2.0 Tcf and exports were 0.8 Tcf in 2022.

The UK’s liquefied natural gas (LNG) imports from the United States have significantly increased; imports grew from zero in 2016 to nearly 420 billion cubic feet (Bcf) in 2023. Qatar LNG exports peaked in 2011 at about 761 Bcf. The UK’s pipeline imports from Belgium and the Netherlands have decreased from nearly 209 Bcf in 2018 to 1.3 Bcf because of lower natural gas pipeline supplies from Russia to Europe. Imports of piped natural gas from Norway have maintained a rate varying above and below approximately 1.0 Tcf since 2012.51

The UK has maintained a ban on LNG imports from Russia since January 1, 2023, despite the European Commission proposing its ban of natural gas and LNG from Russia for 2027. Prior to the ban, UK natural gas imports from Russia stopped by 2023. In February 2024, the UK government introduced additional Russian sanctions, some of which involved oil and natural gas. In particular, the sanctions affect the so-called shadow tankers carrying energy products from Russia, those who trade energy products from Russia, and the Artic LNG 2 development.52,53

UK electricity imports fell by 46% year on year to 15.5 billion kWh in 2022. Meanwhile, exports increased by 399% to 20.8 kWh in 2022. The IFA interconnectors expansion assisted the large increase in exports, and when ElecLink came online in mid-2022, the UK shifted from importing to exporting electricity to France.54

The UK had nine transnational electricity interconnectors with a total capacity of 9.8 GW as of early 2024. Greenlink, which connects Wales to Ireland, may add 0.5 GW by the end of 2024.55 The highest-capacity and longest interconnector project proposed includes two 1.8-GW submarine cables that are 2,485 miles long from a 11.5-GW wind and solar Moroccan power plant coupled with a 22.5-gigawatthour/5-GW battery storage facility that is proposed to begin its first phase of operation in 2029.56

UK coal exports and imports have diminished because of decreasing domestic coal production and all coal-based end uses, including electrical generation and industrial use.57

Interconnector systemConnectionFirst operation 
(expected start date)
Type of HVDC cableCapacity 
(gigawatts)(proposed)
Total length 
(miles)
Interconnexion France-Angleterre (IFA)France1986Submarine245
Moyle Ireland2001Submarine0.540
BritNedNetherlands2011Submarine1160
East-WestIreland2012Submarine 162
Nemo LinkBelgium2019Submarine 187
Interconnexion France-Angleterre 2 (IFA2)France2020Submarine1127
North Sea LinkNorway2021Submarine 1.4450
ElecLinkFrance2022Chanel tunnel132
Viking LinkDenmark2023Submarine1.4475
GreenlinkIreland(2024)Submarine(0.5)120
NorthConnectNorway(2025)Submarine(1.4)400
AQUIND InterconnectorFrance(2026)Submarine(2.0)150
NeuconnectGermany(2028)Submarine(1.4)450
XlinksMorocco(2029)Submarine(3.6)2,485
FAB LinkFrance(2030)Submarine(1.4)140
Grid LinkFrance(2030)Submarine(1.4)87
Total   9.8 
Data source: UK Office of Gas and Electricity Markets, NorthConnect, AQUIND, and Xlinks
Note: HVDC=high-voltage direct current 

Source: This article was published by EIA

Endnotes

  1. Equinor, “Rosebank field to progress in the UK,” Equinor, September 27, 2023, https://www.equinor.com/news/20230927-rosebank-field-to-progress-in-the-uk
  2. Reuters, “Britain approves first new coal mine in decades despite climate targets,” Reuters, December 7, 2022, https://www.reuters.com/world/uk/britain-approves-first-new-coal-mine-decades-2022-12-07/
  3. Bridget Dempsey, “West Cumbria Mining Ltd. issue update on proposed Whitehaven coal mine,” The Whitehaven News, December 24, 2023, https://www.whitehavennews.co.uk/news/24010886.west-cumbria-mining-ltd-issue-update-proposed-whitehaven-coal-mine/
  4. World Nuclear News, “UK SMR selection contest: Six companies into next stage,” World Nuclear News, October 2, 2023, https://www.world-nuclear-news.org/Articles/UK%C2%A0SMR-selection-contest-Six-companies-into-next
  5. Nina Chestney, “EDF Energy aims to extend life of UK nuclear power plants,” Reuters, January 9, 2024, https://www.reuters.com/business/energy/edf-energy-aims-extend-life-uk-nuclear-power-plants-2024-01-09/
  6. Newsbase, “UK Government Set To Back Country’s First Large-Scale Hydrogen Plant,” Newsbase, February 15, 2024, https://newsbase.com/story/uk-government-set-to-back-country-s-first-large-scale-hydrogen-plant-312488?source=europe-oil-and-gas-monitor
  7. Gov.UK, “UK ban on Russian oil and oil products,” GOV.UK, April 14,2023, https://www.gov.uk/government/publications/uk-ban-on-russian-oil-and-oil-products/uk-ban-on-russian-oil-and-oil-products#context-for-the-uk-sanctions-on-russian-oil
  8. Gov.UK, “UK sanctions relating to Russia,” GOV.UK, accessed March 7,2024, https://www.gov.uk/government/collections/uk-sanctions-on-russia
  9. Oil & Gas Journal, “Worldwide look at reserves and production,” published December 4, 2023
  10. Oil & Gas Authority, OGA Overview 2021, accessed February 14, 2024
  11. UK OGA, “NSTA Field Production (PPRS),” accessed February 7, 2024, https://opendata-nstauthority.hub.arcgis.com/apps/984eeea3b1664049b12c02a28478bdaa/explore
  12. Equinor, “Rosebank field to progress in the UK,” Equinor, September 27, 2023, https://www.equinor.com/news/20230927-rosebank-field-to-progress-in-the-uk
  13. North Sea Transition Authority, “NSTA Projections of UK Oil and Gas Production and Expenditure (March 2024),” North Sea Transition Authority, March 4, 2024, https://www.nstauthority.co.uk/media/3xtnslm5/nsta-medium-term-projections-mar-2024.xlsx
  14. Offshore, “Forties Pipeline System oil flows have declined by 40% over six years,” Offshore, September 27, 2023, https://www.offshore-mag.com/pipelines/article/14299456/forties-pipeline-system-oil-flows-have-declined-by-40-over-six-years
  15. Nick Coleman, “Shetland Islands tout green energy solution for aging Sullom Voe terminal,” S&P Global, January 20, 2020, https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/012920-shetland-islands-tout-green-energy-solution-for-aging-sullom-voe-terminal
  16. The Shetland Times, “Shutdown of major pipeline hastens calls for renewables transition to safeguard oil and gas jobs,” The Shetland Times, September 12, 2023, https://www.shetlandtimes.co.uk/2023/09/12/shutdown-of-major-pipeline-hastens-calls-for-renewables-transition-to-safeguard-oil-and-gas-jobs
  17. BP, “Claire Ridge Infographic,” BP, accessed February 14, 2025, https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/clair-ridge-infographic.pdf
  18. Hamish Penman, “North Sea opeartors confirm future for Flotta into 2030s and beyond,” Energy Vice, April 18, 2022, https://www.energyvoice.com/oilandgas/north-sea/pipelines/403727/north-sea-operators-confirm-future-for-flotta-into-2030s-and-beyond/
  19. Digest of United Kingdom Energy Statistics, “Petroleum products commodity balance, 2022,” Digest of United Kingdom Energy Statistics accessed April 2, 2024, https://assets.publishing.service.gov.uk/media/64c11b1690b54500143e838f/DUKES_3.2.xlsx
  20. NYNAS AB, “Our refineries,” NYNAS AB, accessed February 2, 2024, https://www.nynas.com/en/about/business/refineries/
  21. ExxonMobil, “ExxonMobil Fawley facts at a glance,” ExxonMobil, 2022, https://www.exxonmobil.co.uk/-/media/unitedkingdom/files/fawley/fact-sheet-and-brochure/exxon-fawley-fact-sheet-2022.pdf
  22. Rachel Graham, “Exxon on Track With UK Refinery Expansion Just as Others Shut Capacity,” Bloomberg, April 8, 2024, https://www.bloomberg.com/news/articles/2024-04-08/exxon-on-track-with-uk-refinery-expansion-just-as-others-shut-capacity
  23. Ron Bousso, “Scotland’s sole oil refinery faces closure,” Reuters, November 22, 2023, https://www.reuters.com/markets/commodities/petroineos-begin-work-shut-down-scotland-oil-refinery-2023-11-22/
  24. Phillips 66, “Humber Refinery,” Phillips 66, accessed February 2, 2024, https://www.phillips66.com/refining/humber-refinery/
  25. Energy, oil & gas magazine, “Prax Lindsey Oil Refienry: Perfect partners,” energy, oil,& gas magazine, May 12, 2021, https://energy-oil-gas.com/news/prax-lindsey-oil-refinery/
  26. Valero, “Pembroke Refinery,” Valero, accessed February 2, 2024, https://www.valero.com/about/locations/pembroke-refinery
  27. Rob Davies, “UK refinery owner extends credit facility with arm of oil firm part-owned by Russian who is under sanctions,” The Guardian, January 2, 2024, https://www.theguardian.com/business/2024/jan/02/uk-refinery-owner-oil-stanlow-essar-litasco
  28. Newsbase, “UK Government Set To Back Country’s First Large-Scale Hydrogen Plant,” Newsbase, February 15, 2024, https://newsbase.com/story/uk-government-set-to-back-country-s-first-large-scale-hydrogen-plant-312488?source=europe-oil-and-gas-monitor
  29. Oil & Gas Journal, “Worldwide look at reserves and production,” published December 4, 2023
  30. UK Office of gas and electricity markets (Ofgem), “Monitoring the Market, Retail market indicators,” accessed March 5, 2023, https://www.ofgem.gov.uk/energy-data-and-research/data-portal/retail-market-indicators
  31. Digest of United Kingdom Energy Statistics, “Natural gas supply and consumption (ET 4.1-quarterly),” Digest of United Kingdom Energy Statistics accessed April 24, 2024, https://assets.publishing.service.gov.uk/media/660431f091a320001a82b0c0/ET_4.1_MAR_24.xlsx
  32. Digest of United Kingdom Energy Statistics, “Historical coal data: coal production, availability and consumption 1853 to 2022,” Digest of United Kingdom Energy Statistics accessed February 28, 2024, https://assets.publishing.service.gov.uk/media/64c10536d4051a000d5a93fb/Coal_since_1853.xls
  33. Reuters, “Britain approves first new coal mine in decades despite climate targets,” Reuters, December 7, 2022, https://www.reuters.com/world/uk/britain-approves-first-new-coal-mine-decades-2022-12-07/
  34. Bridget Dempsey, “West Cumbria Mining Ltd. issue update on proposed Whitehaven coal mine,” The Whitehaven News, December 24, 2023, https://www.whitehavennews.co.uk/news/24010886.west-cumbria-mining-ltd-issue-update-proposed-whitehaven-coal-mine/
  35. Lottie Limb, “Flooded and forgotten: How Europe’s disused coal mines are successfully being used to heat our homes,” euronews, October 14, 2023, https://www.euronews.com/green/2023/10/14/flooded-and-forgotten-how-europe-s-disused-coal-mines-could-help-heat-our-homes
  36. Justin Rowlatt, “New gas power plants needed to bolster energy supply, PM says,” BBC, March 12, 2024, https://www.bbc.com/news/science-environment-68538951
  37. Department for Energy Security & Net Zero (DESNZ)., “Capacity of, generation from renewable sources and shares of total generation (DUKES 6.2)”, DESNZ, February 29, 2024, https://assets.publishing.service.gov.uk/media/654105a06de3b90012a7a6fa/DUKES_6.2.xlsx
  38. Newsbase, “UK Government Set To Back Country’s First Large-Scale Hydrogen Plant,” Newsbase, February 15, 2024, https://newsbase.com/story/uk-government-set-to-back-country-s-first-large-scale-hydrogen-plant-312488?source=europe-oil-and-gas-monitor
  39. World Nuclear News, “UK SMR selection contest: Six companies into next stage,” World Nuclear News, October 2, 2023, https://www.world-nuclear-news.org/Articles/UK%C2%A0SMR-selection-contest-Six-companies-into-next
  40. David Dalton, “Westinghouse / Company Formally Begins UK Design Assessment For AP300 Nuclear Power Plant,” NUCNET, February 14, 2024, https://www.nucnet.org/news/company-formally-begins-uk-design-assessment-for-ap300-nuclear-power-plant-2-3-2024
  41. Catherine Clifford, “Westinghouse announces a new small nuclear reactor — a notable step in the industry’s efforts to remake itself,” CNBC, May 4, 2023, https://www.cnbc.com/2023/05/04/westinghouse-announces-a-small-nuclear-reactor.html#:~:text=A%202022%20study%20from%20MIT,to%20stand%20up%20an%20AP1000
  42. Nina Chestney, “EDF Energy aims to extend life of UK nuclear power plants,” Reuters, January 9, 2024, https://www.reuters.com/business/energy/edf-energy-aims-extend-life-uk-nuclear-power-plants-2024-01-09/
  43. Nina Chestney, “EDF Energy aims to extend life of UK nuclear power plants,” Reuters, January 9, 2024, https://www.reuters.com/business/energy/edf-energy-aims-extend-life-uk-nuclear-power-plants-2024-01-09/
  44. EDF, “Hinkley Point C,” accessed February 15, 2024, https://www.edfenergy.com/energy/nuclear-new-build-projects/hinkley-point-c
  45. Nina Chestney, “EDF Energy aims to extend life of UK nuclear power plants,” Reuters, January 9, 2024, https://www.reuters.com/business/energy/edf-energy-aims-extend-life-uk-nuclear-power-plants-2024-01-09/
  46. Nick Osbourne, “Green light for construction phase as Sizewell C triggers Development Consent Order,” Sizewell C, January 15, 2024, https://www.sizewellc.com/news-views/green-light-for-construction-phase-as-sizewell-c-triggers-development-consent-order/
  47. Nina Chestney, “EDF Energy aims to extend life of UK nuclear power plants,” Reuters, January 9, 2024, https://www.reuters.com/business/energy/edf-energy-aims-extend-life-uk-nuclear-power-plants-2024-01-09/
  48. Jasper Jolly, “UK government ‘working on’ sites for nuclear plants amid reports of Wylfa talks,” The Guardian, February 12, 2024, https://www.theguardian.com/business/2024/feb/12/uk-government-hitachi-talks-nuclear-power-station-wales-wylfa
  49. Gov.UK, “UK ban on Russian oil and oil products,” GOV.UK, April 14,2023, https://www.gov.uk/government/publications/uk-ban-on-russian-oil-and-oil-products/uk-ban-on-russian-oil-and-oil-products#context-for-the-uk-sanctions-on-russian-oil
  50. Isaac Levi, “Insuring an invasion: UK insures EUR 46.4 bn Russian oil since sanctions,” CREA, January 20, 2024, https://energyandcleanair.org/insuring-an-invasion-uk-insures-eur-46-4-bn-russian-oil-since-sanctions/#:~:text=CREA%20analysis%20has%20found%20that,the%20end%20of%20November%202023
  51. Department for Energy Security & Net Zero (DESNZ)., “ET_4.4_Feb_24: Supplementary information on the origin of UK gas imports”, DESNZ, February 29, 2024, https://assets.publishing.service.gov.uk/media/65b0e494160765001118f784/ET_4.4_JAN_24.xlsx
  52. Kelly Norways, Stuart Elliott, and Aly Blakeway, “UK introduces new sanctions on Russia’s Arctic LNG 2 project, shadow tanker fleet operators,” February 22, 2024, https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/022224-uk-announces-new-sanctions-on-russias-arctic-lng-2-project-shadow-tanker-fleet-operators
  53. Charles Kennedy, “UK And Germany See No Way Back To Energy Trade With Russia,” OilPrice.com, October 18, 2023, https://oilprice.com/Latest-Energy-News/World-News/UK-And-Germany-See-No-Way-Back-To-Energy-Trade-With-Russia.html
  54. UKERC, “Britain is a Net Electricity Exporter for First Time in 44 years,” UKERC, January 18, 2023, https://ukerc.ac.uk/news/britain-net-electricity-exporter/
  55. Nadja Skopljak, “Poor weather hits pause on construction of new UK interconnector,” Offshore Energy, January 30, 2024, https://www.offshore-energy.biz/poor-weather-hits-pause-on-construction-of-new-uk-interconnector/
  56. Xlinks, “The Morocco – UK Power Project,” Xlinks, accessed March 28, 2024, https://xlinks.co/morocco-uk-power-project/
  57. Digest of United Kingdom Energy Statistics, “Supply and consumption of coal (DUKES 2.2),” Digest of United Kingdom Energy Statistics accessed April 2, 2024, https://assets.publishing.service.gov.uk/media/64c115ad90b54500143e837d/DUKES_2.2.xlsx

EIA

The U.S. Energy Information Administration (EIA) collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.

Leave a Reply

Your email address will not be published. Required fields are marked *