The Guardian Energy CompaniesGBoilAug 23, 2026, 5:00 AMImpact 58.65

Drill, Burnham, drill? The oil basin that is a totem for Trump - and a headache for Britain’s new PM

North Sea oil, once the driving force of the UK economy, may be dwindling but it remains a symbol of prestige and a rich resource for political debate When oil was first discovered off the north-east coast of Scotland in September 1969, industry folklore has it that the duty superintendent on the rig carefully poured it into a pickle jar commandeered from the canteen and took it back to Amoco’s Great Yarmouth office in Norfolk. There, it was emptied into an ash tray, sniffed and then set alight. From that modest start, North Sea oil – as the huge basin of oil and gas reserves quickly became known – emerged as a driving force of the British economy and a symbol of national power and renewal as the UK emerged from the Opec oil crisis. Continue reading...