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Rejecting Rosebank and Jackdaw could cost UK economy £10.8 billion, report warns

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Bussey, K. (2026, October 13). Rejecting Rosebank and Jackdaw could cost UK economy £10.8 billion, report warns. Evening Standard. https://www.standard.co.uk/business/business-news/andy-burnham-north-sea-labour-uk-government-conservative-b1300580.html

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Evening Standard · collected 2026-10-13 · by Katrine Bussey

Quick Summary

A new report commissioned by Adura warns that failing to approve the Rosebank oil field and the Jackdaw gas field in the North Sea could cost the UK economy £10.8 billion over the next decade, reduce annual jobs from an average of 13,860 to 10,530, and lead to a loss of £4.1 billion in tax revenues. The research highlights the economic benefits these projects offer compared to environmental concerns raised by opponents. Neil McCulloch, CEO of Adura, emphasizes the significance of approving Rosebank and Jackdaw for UK energy security and economic resilience amid rising global energy prices and geopolitical instability.
Written by AI on 2026-10-13, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

A new report by Adura, the company behind the controversial Rosebank oil field and Jackdaw gas field, warns that rejecting these projects could cost the UK economy nearly £11 billion over the next decade. The research finds a difference of £35.3 billion in Gross Value Added (GVA) between 2026 and 2035 if Rosebank and other planned fields are approved, compared to only £24.5 billion if they do not proceed. This rejection would also result in an average loss of 3,330 jobs per year across the UK. The report highlights that approving these projects is essential for maintaining energy security and supporting economic contributions from the remaining resources on the UK continental shelf (UKCS).

Written for “UK Offshore Oil Rejection Costs” on 2026-11-02, grounded in this article and the 0 other(s) covering the same event.

Story

📰 UK Offshore Oil Rejection Costs
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads leans right and hedges 20% of its claims. Each row says how that neighbour differs.
Evening Standard
⚖️ Leans strongly left further left than this Hedges 1 of 23 claims Outlet record 65/100
“Article A discusses a report warning about economic consequences if Rosebank and Jackdaw fields are not approved, while Article B covers ten unions calling for the rejection of drilling at the Rosebank field specifically.”
Evening Standard
Hedges 0 of 10 claims Outlet record 65/100
“The articles refer to decisions on Jackdaw and Rosebank but describe different stages: Article A discusses potential economic impacts if approval is not given, while Article B reports on the imminent decision and future considerations.”
Evening Standard
Hedges 2 of 16 claims Outlet record 65/100
“The articles discuss related issues regarding approval for Jackdaw and Rosebank fields, but Article B mentions a new report warning about economic impacts if the fields are not approved, while Article A focuses on the Conservative party's urging to approve them.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
20
sentences that state something as happening or true
Uncertain
20%
4 of 20 hedged ("reportedly", "may", "according to")
Leaning
Leans right
of the writing, not the subject · beta estimate
Publisher signals
65/100
Evening Standard's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-10-13 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Evening Standard · 8077 article(s) · 68 correction(s) detected
Running correction rate · 68 correction(s)

Who wrote this

Katrine Bussey
41 article(s) here · 1 carrying a prediction
🔮 Pensions minister Torsten Bell claimed John Swinney was “lying” with his claims that pensioners in Scotland could be left about £2,000 a year worse off as a result of the changes.
🔮 Mr Swinney used his keynote conference address – the first since he won his own mandate as First Minister in May – to announce action to tackle both racism and misogyny.
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🔮 Following the debate an SNP spokesperson confirmed: “As per the motion passed by conference, we will review our use of X and report to the party’s national executive.”
2026-10-17 · assertive framing · SNP members back resolution supporting UK-wide ban on X
🔮 Fellow SNP member David Birkett argued against a ban, saying he could “understand why people don’t like” the platform, but the party should remain active on it because of it has larger user numbers than rival social media sites. “Those numbers speak for themselves.”
2026-10-17 · assertive framing · SNP members back resolution supporting UK-wide ban on X
🔮 He will seek to press the case for another vote in the wake of elections in May which saw the SNP win a record fifth term in government at Holyrood, while fellow nationalists Plaid Cymru secured an historic victory in Wales, ousting Labour from power in the Senedd.
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🔮 Dave Doogan will use his speech to the SNP conference in Aberdeen on Thursday to demand action from Andy Burnham.
🔮 A report this week for developers Adura warned that failing to develop both Rosebank, which lies north west of Shetland, and the Jackdaw gas field to the east of Aberdeen, could cost the UK economy some £10.8 billion by 2035.
🔮 Scotland’s First Minister John Swinney is pushing for another referendum to he held before 2031 and has already declared he believes Mr Burnham – who is expected to visit Scotland on Friday – will be the last prime minister of the United Kingdom.
Also by Katrine Bussey
Nothing else under this byline is closely related to this article, so these are simply their most recent.
All 41 articles by Katrine Bussey →

Topics

Aberdeen Adura Jackdaw Rosebank the UK Government

Subjects

Adura ORG · 4× Rosebank GPE · 4× Jackdaw PERSON · 3× British NORP · 2× the UK Government GPE · 2× Aberdeen GPE · 1× Neil McCulloch PERSON · 1× Public First ORG · 1× Scotland GPE · 1× Shetland GPE · 1×

Narrative

Writing in the report’s foreword, Prof Butler added: “Their development, along with the continued development of the other resources which remain in the UKCS (UK continental shelf), is an essential contribution to maintaining the energy security on which British consumers – business as well as households – rely.”
framing: assertive · carried by 1 article(s) · first seen 2026-10-13
🔮 Failing to approve the controversial Rosebank and Jackdaw fields in the North Sea could cost the UK thousands of jobs a year, a new report has warned, along with a loss to the economy of almost £11 billion over the next decade.
2026-10-13 · Evening Standard
Rejecting Rosebank and Jackdaw could cost UK economy £10.8 billion, report warns · assertive framing

Claims (20 extracted, 4 hedged)

Failing to approve the controversial Rosebank and Jackdaw fields in the North Sea could cost the UK thousands of jobs a year, a new report has warned, along with a loss to the economy of almost £11 billion over the next decade. uncertain
report → fail → decade
Research for Adura – the company behind both the Rosebank oil field and the Jackdaw gas field – finds that the “UK North Sea stands at a critical juncture”. asserted
Sea → find → juncture
In the wake of that, reports have suggested the UK Government will approve new North Sea drilling, starting with the Jackdaw gas field located 150 miles east of Aberdeen. uncertain
Government → suggest → Aberdeen
A decision on Rosebank – the largest untapped oil field in the North Sea, which lies some 80 miles north-west of Shetland – is also due. asserted
which → lie → Shetland
New analysis by Public First – which was commissioned by Adura – examines the impact of the projects, both of which are fiercely opposed by environmental campaigners. asserted
both → commission → campaigners
It finds that approving Rosebank and other planned fields would support £35.3 billion in UK GVA between 2026 and 2035, compared with £24.5 billion if key oil projects do not go ahead – a difference of £10.8 billion. asserted
projects → find → billion
The number of jobs supported would fall from an average of 13,860 a year to 10,530, meaning 3,330 fewer jobs across the UK economy every year. asserted
number → support → economy
Meanwhile, consenting to both Jackdaw and Rosebank could provide the UK with a £4.1 billion boost to tax revenues over the next decade. uncertain
consenting → consent → decade
Neil McCulloch, chief executive of Adura, said: “This report puts a clear price on leaving viable North Sea resources from existing licensed fields in the ground. asserted
report → say → ground
“Failure to approve Rosebank and other planned developments would mean billions of pounds less economic value for the UK and thousands fewer jobs supported every year.” asserted
Failure → approve → UK
Read More More than half of the jobs supported by Adura are estimated to be in Scotland, the report states. asserted
report → read → Scotland
Mr McCulloch added: “Jackdaw and Rosebank are two of the most important investment decisions now facing the UK. asserted
Jackdaw → add → UK
Their impact will be felt well beyond the projects themselves, across the supply chain, the wider economy and the public finances. asserted
impact → feel → chain
“The UK North Sea still represents a substantial economic prize. asserted
Sea → represent → prize
Decisions taken now will help determine how much of that value, employment and investment is retained here in Britain.” asserted
much → take → Britain
He spoke out as the report told how “the UK North Sea is at a pivotal moment”, stressing that the sector is still “central to the UK’s economic resilience, energy security and managed transition to net zero”. asserted
sector → speak → net
With energy prices having risen, it adds that “recent geopolitical turmoil” has highlighted the “importance of access to secure and affordable energy for both British households and businesses”. asserted
turmoil → rise → households
Stressing that “demand for oil and gas is expected to remain high” for decades to come, the report says that the UK “will therefore need a level of supply to meet this significant demand” – either from domestic production or from imports. However, this could have “significant implications for UK carbon emissions”, with imports of LNG (liquefied natural gas) said to have an emissions impact that is more than three times higher than domestic production. Professor Nick Butler, visiting professor at King’s College London and a former senior policy adviser to Gordon Brown, insisted that “Rosebank and Jackdaw are great projects of which we should be proud”. uncertain
we → stress → which
Writing in the report’s foreword, Prof Butler added: “Their development, along with the continued development of the other resources which remain in the UKCS (UK continental shelf), is an essential contribution to maintaining the energy security on which British consumers – business as well as households – rely.” asserted
consumers → write → which
The UK Government has been contacted for comment. asserted
Government → contact → comment
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