According to the news of February 23, the UK's oil and gas industry will issue a "stable oil and gas license" and said that the UK's oil and gas industry will expand its production in February.

"We need sustained investment in the North Sea," hands said at the international energy week online conference

He said the UK government would hold a new round of licensing to explore more oil and gas resources and ensure that they are "compatible" with the UK's climate obligations to reduce greenhouse gas emissions.

"All these have pointed out a bright and solid future for the oil and gas industry." Hands said.