{"id":41146,"date":"2026-05-20T06:48:19","date_gmt":"2026-05-20T06:48:19","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/41146\/"},"modified":"2026-05-20T06:48:19","modified_gmt":"2026-05-20T06:48:19","slug":"reopen-north-sea-drilling-to-boost-britain-urges-oil-giant","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/41146\/","title":{"rendered":"Reopen North Sea drilling to boost Britain, urges oil giant"},"content":{"rendered":"<p>\t\t\tWednesday 20 May 2026 7:44 am\n\t\t\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/05\/An-oil-terminal-in-the-North-Sea.jpg\" class=\"media \" alt=\"North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tThe boss of Shell has urged Miliband to ramp up drilling in the North Sea\t<\/p>\n<p>The boss of one of the UK\u2019s biggest oil giants has called on the government to kickstart drilling in the North Sea, claiming it would grant the economy a needed boost and enhance both energy and national security.<\/p>\n<p>Wael Sawan, chief executive of Shell, called for energy secretary Ed Miliband to approve two key oil and gas fields, both of which Shell has a stake in through a joint venture, arguing the schemes would \u201ccreate jobs\u201d that in turn \u201ccreate taxes\u201d.<\/p>\n<p>He also argued having \u201chomegrown resources\u201d would boost national security, claiming it was more ideal that getting energy through <a href=\"https:\/\/www.cityam.com\/brits-set-for-sharp-rise-in-energy-bills-in-july\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">imports<\/a>.<\/p>\n<p>His comments to The Telegraph follow months of uncertainty regarding both the Jackdaw gas field in the North Sea and the Rosebank oil field off Shetland, which are two of the biggest untouched reserves in UK waters.<\/p>\n<p>Jackdaw and Rosebank<\/p>\n<p>Shell and Equinor\u2019s, a Norwegian energy company, joint venture Adura has been waiting for Miliband to make a decision about the site, after the court referred the projects to the energy secretary, following a legal battle between developers and green groups over emissions.<\/p>\n<p>Adura was created by the<a href=\"https:\/\/www.cityam.com\/shell-launches-3bn-buyback-after-earnings-rocket-on-oil-surge\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"> two companies<\/a> to combine their UK offshore oil and gas assets, and operates fields including Mariner and Buzzard.<\/p>\n<p>The venture has been left in limbo, after Miliband described such schemes as \u201cclimate vandalism\u201d while in opposition, with his office having delayed a decision regarding the sites for months, despite claims approving the projects could help ease pressures caused by the Iran war.<\/p>\n<p>Sawan claimed the Jackdaw field has the \u201copportunity to bring gas that is home-grown to the UK before the end of the year\u201d, claiming it is a \u201creal opportunity\u201d.<\/p>\n<p>He said: \u201cIf the UK grasps this, it assures a volume of resources coming from a secure field here in the UK\u201d.<\/p>\n<p>The boss of the FTSE 100 stalwart also claimed Rosebank would similarly allow the UK to bolster its resources, saying \u201cShell is a partner\u201d that can help the government develop oil resources.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/miliband-to-bow-to-pressure-on-north-sea-drilling\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Miliband to bow to pressure on North Sea drilling\u00a0<\/a><\/p>\n<p>\tNorth Sea tensions<\/p>\n<p>But tensions over the <a href=\"https:\/\/www.cityam.com\/shell-chief-reportedly-set-for-pay-boost\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">future of the North Sea<\/a> are growing, with the energy secretary facing down challenges in the Commons on Tuesday over his plan to block new licences for exploring new oil and gas fields in Britain.<\/p>\n<p>The King\u2019s Speech included new legislation last week that would introduce a legal prohibition on new drilling, making Miliband\u2019s challenge permanent.<\/p>\n<p>The Conservative\u2019s attempt to table an amendment on the legislation was thrown out of the Commons on Tuesday.<\/p>\n<p>Both the Jackdaw and Rosebank fields do not fall under the temporary suspension on new drilling, with Adura planning to move a giant oil storage ship to the latter next week, in an attempt to place pressure on Miliband to approve.<\/p>\n<p>Sawan went on to claim the global oil shortage caused by the conflict will worsen in the coming months, with the closure of the strait likely to damage \u201ccrude supply\u201d and other products such as jet fuel and petrol.<\/p>\n<p>But he admitted Shell is likely to continue to profit off the crisis, with the company having lost production in Qatar, equivalent to \u201croughly 300,000 barrels of oil per day\u201d.<\/p>\n<p>The loss represents around 10 per cent of its overall production according to Sawan, with commodity prices rising sharply in recent months.<\/p>\n<p>He said: \u201cWe\u2019ll see where the results land by the next quarterly results, but I won\u2019t speculate on what those numbers look like.<\/p>\n<p>Shell\u2019s share price has jumped 19.1 per cent since January, trading at 3,287.5p, and reporting earnings of $6.9bn (\u00a35bn) in the first quarter of the financial year.<\/p>\n<p>Its upstream segment, which covers crude oil, natural gas and natural gas liquids, delivered a $1.2bn jump in the first quarter, taking earnings to $2.4bn. This was up from $1.6bn in the previous quarter.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/miliband-slammed-for-net-zero-sprint-as-high-costs-hamper-businesses\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Miliband slammed for net zero sprint as high costs hamper businesses<\/a><\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n<p>\t\t\tRelated Topics\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Wednesday 20 May 2026 7:44 am The boss of Shell has urged Miliband to ramp up drilling in&hellip;\n","protected":false},"author":2,"featured_media":41147,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[2],"tags":[7077,13,633,234,20596,8840,1234,18,225,1150,431,1261,10591],"class_list":["post-41146","post","type-post","status-publish","format-standard","has-post-thumbnail","category-britain","tag-oil-prices","tag-britain","tag-business","tag-energy","tag-global-market-turmoil","tag-green-energy","tag-jackdaw","tag-news","tag-oil","tag-shell","tag-uk-economy","tag-uk-government","tag-uk-oil-and-gas-investments"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116605570587696396","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/41146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=41146"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/41146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/41147"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=41146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=41146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=41146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}