# UK Budget Signals Wave of New North Sea Oil and Gas Drilling

- Source: OilPrice.com
- Published: 2026-10-29T16:00:00+00:00
- Category: Markets
- Original: https://oilprice.com/Energy/Energy-General/UK-Budget-Signals-Wave-of-New-North-Sea-Oil-and-Gas-Drilling.html
- Canonical: https://groundlevelnews.com/story/uk-budget-signals-wave-of-new-north-sea-oil-and-gas-drilling-33f2aa/

John Healey’s Budget has assumed the government will approve North Sea discovery drilling projects that produce in excess of a billion barrels of oil and gas, in the clearest sign yet that ministers plan to rubber-stamp a wave of new drilling after Jackdaw and Rosebank. In its scorecard for the Chancellor’s maiden fiscal event, the Office for Budget Responsibility accounted for a boost in tax rece

_Ground Level News shows a short summary only; the full article and all rights belong to OilPrice.com._