The UK government is unlikely to impose an “outright” ban on new exploration licenses in the North Sea basin, a person close to the matter told S&P Global Platts on March 15, after weekend reports that ministers were considering a moratorium on new drilling. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The government is reportedly considering a moratorium on issuance of new licenses as part of a number of measures in the run-up to the UK hosting COP26 climate change talks in Glasgow in November, according to the Telegraph. The UK’s North Sea produces about 1 million b/d of mainly light sweet crude that forms the backbone of the Dated Brent […]