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28 Nov 25 |
Westwood Insight – UKCS pipeline interconnectivity demonstrates the importance of a managed transition Westwood’s latest report for Offshore Energies UK (OEUK) examines offshore infrastructure trends and the challenges of early closure of infrastructure on the UK Continental Shelf (UKCS). |
27 Nov 25 |
UK: Global Underwater Hub reacts to Autumn Budget and North Sea Future Plan Neil Gordon, chief executive of Global Underwater Hub, has reacted to the outcomes of the Labour Government’s Autumn Budget and the North Sea Future Plan. Following months of calls from industry, there will be disappointment that the Energy Profits Levy has been maintained. |
27 Nov 25 |
UK: Lights out for North Sea oil and gas as Chancellor keeps windfall Chancellor Rachel Reeves has confirmed the Energy Profits Levy will remain until 2030, rejecting industry calls for urgent reform and triggering fresh warnings over jobs, investment and UK energy security. The EPL - first introduced in 2022 - keeps North Sea operators at a 78% headline tax rate. From 2030, it will be replaced by a new Oil and Gas Price Mechanism. |
27 Nov 25 |
UK: Government sets out plan to manage existing North Sea oil and gas fields, protect jobs and grow clean energy industries As part of the Budget, the UK government stated that the North Sea – its communities, workers, businesses and supply chains – will be at the heart of Britain’s clean energy and industrial future as the UK government has published a landmark plan to protect existing jobs and deliver the next generation of good, new jobs. |
27 Nov 25 |
UK: Government North Sea plans: ‘Tinkering around the edges that will not deliver’ In response to the government’s North Sea Future Plans consultation response, Unite, the UK’s leading union, has described it as tinkering around the edges by a government still lacking a coherent plan for the long-term transition of work for oil and gas workers. |
27 Nov 25 |
UK: Serica Energy announces trading and operations update AIM-listed Serica Energy has issued a trading and operations update in respect of the third quarter and first nine months of 2025. |
27 Nov 25 |
UK: EnQuest wins 'Excellence in Decommissioning' award EnQuest is proud to announce that it has won the Offshore Energies UK ('OEUK') award for Excellence in Decommissioning in recognition of its sector-leading work on the Heather Decommissioning Project. |
27 Nov 25 |
UK: Britain becomes world’s largest economy to end new oil and gas exploration Commenting on the government’s North Sea Future Plan, in which it has confirmed that no more licences for new oil and gas will be issued, Greenpeace UK’s co-executive director, Areeba Hamid, said: 'Britain has just made history. Closing the door to new exploration marks the beginning of the end of oil and gas in this country. |
26 Nov 25 |
UK: Government Budget delivers bitter blow to UK’s energy workers and industry Offshore Energies UK (OEUK) has condemned the government’s decision in today’s Budget (26/11) to reject replacement of the Energy Profits Levy (EPL) in 2026 – a move that will cost tens of thousands of jobs, cripple investment, and undermine Scotland and the UK’s energy security. |
