Equinor has flagged that the United Kingdom risks becoming "uninvestable" if North Sea projects Jackdaw and Rosebank are blocked. The Norwegian energy company's chief executive cast doubt on whether future investment in the UK could continue if drilling approvals are denied, drawing attention from the BBC, The Times, and the Financial Times.
The warning adds heat to UK energy policy at a time when the government is deciding on the future of North Sea development. Blocking the two projects, Equinor argued, would raise serious questions about the country's willingness to support large-scale energy investment.
Separately, Equinor released a quarterly update on 7 October 2026 saying its trading profit will come in above expectations for the third quarter. Reuters covered the announcement ahead of the company's planned earnings release.