Britain Is Said to Approve New Gas Drilling in the North Sea
Published . Updated .
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.
Directly affected
- No company is named in this report.
Indirectly affected
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum
Oil producers earn more when crude prices rise
- COP ConocoPhillips
Oil producers earn more when crude prices rise
- VLO Valero
Refiners' profits move with crude and fuel prices
- MPC Marathon Petroleum
Refiners' profits move with crude and fuel prices
- XOP SPDR S&P Oil & Gas Exploration
A fund of oil and gas producers
- XLE Energy Select Sector SPDR
A fund of energy companies
- USO United States Oil Fund
This fund moves with oil prices
- OIH VanEck Oil Services
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
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.
Source: The New York Times
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