UK Needs More North Sea Oil, Says Report

The UK urgently needs more domestic oil and gas from the North Sea to ensure energy security, according to a new report from Offshore Energies UK. The group argues that local production reduces reliance on imports and has a smaller carbon footprint than liquefied natural gas. Despite the growth of renewables, oil and gas will still meet about a fifth of the countrys energy needs by 2050. The report calls for government support alongside wind, hydrogen, and carbon capture to balance supply and meet climate goals without offshoring emissions. Industry leaders stress that boosting local output protects jobs, stabilizes prices, and keeps the economy going. New analysis shows that smart policies and a stable tax setup could reduce import needs to six percent by 2035 and unlock up to £50 billion in investments. Offshore Energies UK proposes replacing short-term levies with a permanent system that rewards production when prices spike. However, the UK government insists that new drilling wont lower bills and pushes for a shift away from fossil fuels. Scottish officials support the sectors role but urge a smooth transition to green jobs.

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