Extra 1.1bn barrels of oil found in North Sea

The North Sea Transition Authority, a government regulator, discovered the potential oil - Danny Lawson/PA An extra 1.1 billion barrels of oil and gas have been found in the North Sea, a regulator’s report has revealed, threatening to stoke a row over Ed Miliband’s ban on new drilling. Energy companies have found preliminary evidence to suggest that new areas of the North Sea could yield 15.8 billion barrels of oil and gas, up from earlier estimates of 14.7 billion barrels. The discovery was revealed in ...