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Controversial Rosebank Offshore Development Granted Consent Despite Environmental Concerns

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In a contentious decision, regulators have granted consent for the Rosebank offshore development, located 80 miles west of Shetland. This development, overseen by Equinor and Ithaca Energy, marks a significant milestone as it involves the exploitation of the UK’s largest untapped oil field, estimated to contain a staggering 500 million barrels of oil.