INEOS Energy chairman Brian Gilvary argues that approving Jackdaw and Rosebank and restoring fiscal stability are essential to slowing the North Sea’s decline and protecting UK investment, jobs and tax revenues.

From 2029, decommissioning spending will overtake capital investment in the North Sea. This is economic self-harm, writes Brian Gilvary.

The UK is moving closer to approving the nearly completed Jackdaw gas field as high energy prices and import dependence reshape the government’s approach to North Sea production.