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Britain's $47 Billion North Sea Oil Decision Delayed Amid Wrangling

Prime Minister Andy Burnham confirmed delays in approving $47 billion worth of North Sea oil and gas drilling projects, Jackdaw and Rosebank, citing "government process" and bureaucratic wrangling. The decision, previously blocked by Scottish courts on environmental grounds in 2024, now awaits the energy secretary's final word. Burnham stated he would take a "pragmatic approach" amid calls from energy bosses to proceed.

Source: OilPrice.com

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