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Michigan Post > Blog > Business > UK should improve North Sea drilling to spice up financial system, says US ambassador
Business

UK should improve North Sea drilling to spice up financial system, says US ambassador

By Editorial Board Published November 3, 2025 8 Min Read
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UK should improve North Sea drilling to spice up financial system, says US ambassador

The US ambassador to the UK has stated Britain ought to perform “more drilling and more production” within the North Sea.

In his first broadcast interview within the job, Warren Stephens urged the UK to take advantage of its personal oil and gasoline reserves to chop vitality prices and enhance the financial system.

“Electricity costs are four times ours in the UK, versus the US,” he informed Mornings with Ridge and Frost.

“I want the UK economy to be as strong as it possibly can be, so the UK can be the best ally to the US that it possibly can be.

“Having a rising financial system is crucial to that – and the electrical energy prices make it very tough.”

Mr Stephens informed Wilfred Frost he hoped Britain would “examine the policies in the North Sea and frankly, make some changes to it that allows for more drilling and more production”.

“You’re using oil and gas, but you’re importing it. Why not use your own?” he requested.

UK should improve North Sea drilling to spice up financial system, says US ambassador

Picture:
Mr Stephens stated Britain ought to make extra of its personal oil and gasoline

The ambassador stated he had held conferences with Sir Keir Starmer on the vitality concern whereas US President Donald Trump was within the room, and that the prime minister was “absolutely” listening to the US view.

Power Secretary Ed Miliband has stated the UK needs to be prioritising internet zero by 2030 to restrict local weather change, relatively than issuing new oil and gasoline drilling licences.

The Thistle Alpha platform, north of Shetland, stopped production in 2020 . Pic: Reuters/Petrofac

Picture:
The Thistle Alpha platform, north of Shetland, stopped manufacturing in 2020 . Pic: Reuters/Petrofac

Nevertheless, the ambassador stated it could take “all energy for all countries to compete” sooner or later, given the large energy calls for of knowledge centres and AI.

“I don’t think Ed Miliband is necessarily wrong,” stated Mr Stephens. “But I think it’s an incorrect policy to ignore your fossil fuel reserves, both in the North Sea and onshore.”

The ambassador hosted Mr Trump on the primary evening of his second UK state go to in September – a visit that was seen as successful by either side.

Mr Stephens stated Mr Trump and Sir Keir had a “great relationship” and pointed to the historic ties between Britain and the US as a significant component in June’s commerce deal and the beneficial tariff charge on the UK.

The ambassador said Sir Keir and President Trump have a 'great relationship'

Picture:
The ambassador stated Sir Keir and President Trump have a ‘nice relationship’

“I don’t think it’s coincidental that the tariff rates on the UK are generally a third, or at worst half, of what a lot of other countries are facing.

“I feel the prime minister and his workforce did a fantastic job of positioning the UK to be the primary commerce deal, but in addition the most effective one which’s been struck.”

Mr Stephens – who began his job in London in May – also touched on the Ukraine war and said Mr Trump’s patience with Russia was “sporting skinny”.

skynews mornings ridge and frost 7068167

The Alaska summit between Mr Trump and Vladimir Putin failed to supply a breakthrough, and the US chief has admitted the Russian president could also be “playing” him so he can proceed the preventing.

Nevertheless, he emphasised the president’s name that different international locations should cease shopping for Russian vitality to essentially tighten the screw.

‘The inaccurate coverage’ – That is Trumpian diplomacy for you

“You’re using oil and gas, but you’re importing it. Why not use your own?”

It is a cheap query for President Trump’s prime consultant right here within the UK – ambassador Warren Stephens – to ask, significantly provided that our unique interview was happening within the UK’s oil capital, Aberdeen.

The ambassador informed me that he and President Trump have repeatedly lobbied Prime Minister Starmer on the subject, and considerably strikingly stated the PM was “absolutely listening”, including: “I think there are certainly members of the government that are listening. And there is a little bit of movement to make some changes to the policy.”

Properly, one member of the federal government who’s seemingly not listening, and occurs to be spending most of this week on the UN Local weather Change Convention in Brazil, is Power Secretary Ed Miliband.

“It’s going to take all energy for all countries to compete in the 21st century for AI and data centres,” the ambassador informed me. “And so, I don’t think Ed Miliband is necessarily wrong, but I think it’s an incorrect policy to ignore your fossil fuel reserves, both in the North Sea and onshore.”

Not incorrect, however the incorrect coverage. That is Trumpian diplomacy for you.

His feedback on Russia, China and free speech have been additionally fascinating. On the latter, he stated that within the US somebody would possibly get “cancelled for saying something, but they’re not going to get arrested.”

“The president, has been, I would say, careful in ramping up pressure on Russia. But I think his patience is wearing out,” stated Mr Stephens.

“One of the problems is a lot of European countries still depend on Russian gas,” he added.

“We’re mindful of that. We understand that, but until we can really cut off their ability to sell oil and gas around the world, they’re going to have money and Putin seems intent on continuing the war.”

The ambassador additionally struck a cautious however hopeful tone on future US and UK relations with China.

It comes after Mr Trump stated his assembly this week with President Xi Jinping was a “12/10”, elevating hopes the commerce warfare between the superpowers may very well be simmering down.

China’s large financial system is simply too large to disregard – nevertheless it stays a serious spy menace; the top of MI5 warned final month of a rise in “state threat activity” from Beijing (in addition to Russia and Iran).

Mr Stephens praised the nation’s financial system and stated it could be “terrific” if China might at some point be thought of a accomplice.

Please use Chrome browser for a extra accessible video participant

skynews helen ann smith xi jinping 7067145

1:50

Trump-Xi assembly: Three key takeaways

However he warned “impatient” China is ruthlessly centered on itself solely, and wish to see the US and the West weakened.

“There’s certainly things we want to be able to do with China,” added the ambassador.

“And I know the UK wants to do things with China. The United States does, too – and we should. But I think we always need to keep in the back of our mind that China does not have our interests at heart.”

TAGGED:AmbassadorboostDrillingEconomyincreaseNorthsea
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