Regulators Delay Approval For UK's Largest Undeveloped Oil And Gas Field

Approval for Rosebank, the UK’s largest undeveloped oil and gas field, has been delayed again by regulators amid growing concerns over the project’s net zero requirements. Concerns relate to whether it will meet electrification requirements – which are key for reaching net zero and decarbonising the energy grid. City A.M. understands the site, which was set to be green-lit by Offshore Petroleum Regulator for Environment and Decommissioning and the North Sea Transition Authority before parliamentary recess later this month, will…