The project will lessen the countryβs dependence on imported energy, though environmental advocates say it undercuts a pledge to reduce carbon emissions.
Jackdaw, a natural gas field off the coast of Scotland, would be the first new gas extraction project in the North Sea since a government moratorium in 2024.
Strikes on tankers in the Strait of Hormuz and oil infrastructure in Saudi Arabia came as the regionβs exporters were getting more oil to the world market.