The UK government on Wednesday approved the long-delayed Jackdaw gas field in the first approval of a new North Sea project since the Iran war hiked energy prices. Jackdaw will start to supply gas to British homes and businesses from the end of this month, after the UK Energy Secretary agreed that the regulator can grant consent for gas to be produced at the field, Andy Burnham’s Labour government said in a statement. The Jackdaw project, led by Adura, the new company Shell and Equinor have created by merging their oil and gas assets in the…

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.