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UK regulator rejects Shell’s plans to develop N.Sea gasfield -sources
Published by maria gbaf
Posted on October 7, 2021
1 min readLast updated: January 30, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on October 7, 2021
1 min readLast updated: January 30, 2026
Shell's plans for the Jackdaw gasfield in the North Sea were rejected by a UK regulator due to environmental concerns, affecting energy strategies amid high gas prices.
LONDON (Reuters) -A British regulator rejected Royal Dutch Shell’s plans to develop the Jackdaw gasfield in the North Sea after considering its environmental statement, industry sources said on Wednesday.
“We’re disappointed by the decision and are considering the implications,” a Shell spokesperson said.
It was unclear on what grounds the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) refused to approve the environmental statement for the field’s development.
The Department for Business, Energy and Industrial Strategy, under whose umbrella OPRED operates, did not immediately reply to a request for comment.
The decision comes as Britain and other European countries were saddled with record natural gas and oil prices due to a supply crunch ahead of the cold winter months.
It also comes days before Britain is due to hold the COP26 climate conference bringing decision makers from all over the world together to find a way to keep global warming below 1.5 degrees Celsius compared with pre-industrial temperatures.
(Reporting by Ron Bousso; writing by Shadia Nasralla; Editing by Leslie Adler and Marguerita Choy)
The main topic is the UK regulator's rejection of Shell's plans to develop the Jackdaw gasfield in the North Sea.
The plan was rejected due to environmental concerns as assessed by the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED).
The decision impacts energy strategies amid Europe's high gas prices and precedes the COP26 climate conference.
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