Will the UK Government reverse its current stance by approving at least one new North Sea oil & gas licence in 2026?
CommoditiesOne-Off2moManifold MarketsNo KYCVerified resolution dataFairly calibratedCurrent community forecastNo 85%
Forecasters
16
Question type
binary
Methodology
Play-money forecasting platform
Source type
Forecast
Market data
Updated 3 hours ago
StaleMar 28, 26, 8:43 AM UTCDec 31, 26, 11:59 PM UTC
Trends
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PolymarketRules
Resolution criteria
- The market resolves YES if the UK Government issues at least one new North Sea oil and gas licence in 2026.
- As of November 2025, no new licences have been issued under Labour, and the government has confirmed it will proceed with plans not to issue new exploration licences.
- Resolution will be determined by official announcements from the North Sea Transition Authority (NSTA) at https://www.nstauthority.co.uk/ or the Department for Energy Security and Net Zero (DESNZ) at https://www.gov.uk/government/organisations/department-for-energy-security-and-net-zero.
- The market resolves NO if no new licences are issued by 31 December 2026.