UK Weighs Scrapping Its Largest Untapped Oilfield With Oil Over $100

OilPrice.com·Oct 26, 2026 · 7:00 PM CT

Readthrough summary

Britain's cabinet is split over whether to approve the Rosebank oilfield west of Shetland, an £8.7 billion project that would pump about 69,000 barrels a day at peak, roughly a tenth of UK output. Ithaca Energy, which owns a fifth of the field, says it will likely stop investing in Britain if the government says no.

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