Overview
- Rachel Reeves said ministers are working "pretty intensely" to open up tie-back projects, with a government announcement expected soon.
- Tie-backs connect new reserves to existing North Sea platforms so output can start faster without issuing fresh exploration licences.
- Reeves has voiced support for activity at the Rosebank oilfield and the Jackdaw gasfield, though the Energy Department says Jackdaw has not been approved.
- She also said she is working with Energy Secretary Ed Miliband to break the link between gas and electricity prices, with details promised in the coming days or weeks.
- Miliband is still weighing licences and is reported to accept tie-backs that avoid new exploration, in a push shaped by supply risks and high UK energy costs.