Labour have hit their first stumbling block with regard to UK...

Labour have hit their first stumbling block with regard to UK OIl and Gas. The government facing legal challenges if they don't isue the remaining licenses from the 33rd round. Labour policy is to ban the issue of any new licenses in the North Sea. Any move to do so suddenly may potentially end up costing taxpayers millions of dollars as firms seek to recoup investment costs.

Telegraph Milliband immediate ban on North SEa Oil

It appears that Labour may not get the chance to defer real decisions regarding offshore oil and gas.

Forbes- Cancelation of UK North Sea Licenses

IMO the industry couldn't do much about Labor policy until Labour were actually in government and the policy had affect. Now that Labour are in office the industry can start applying real pressure. The threat of legal action may cause Labour to amend their own policy and issue the 35 remaining licenses from the 33rd round. Any amendments that favour UK O&G are also of benefit to HHR.

It's a long road back for HHR but this is at least a starting point to challenge Labours ill considered O&G policies.