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United Kingdom - recent news

17 Aug 26
UK: MPs and MSPs urged to ‘follow the facts’ on North Sea future
Aberdeen & Grampian Chamber of Commerce (AGCC) has launched a major new initiative to help reset the national debate about the future of the North Sea, calling on politicians to base one of the UK's most important policy decisions on evidence rather than rhetoric.
17 Aug 26
UK: Milestone for Rosebank as public consultation closes
Adura has welcomed the conclusion of the public consultation period on the Rosebank oil and gas field, a significant regulatory milestone before a formal decision on the £8.7 billion project.
13 Aug 26
UK: New report reveals North Sea revenue drop off as firms flee EPL
New data from the Government Expenditure and Revenue Scotland (Gers) report has revealed revenue from the North Sea has fallen £1.6billion in the space of two years. The figures show North Sea revenue has dropped off sharply from close to £5.5billion in 2023-24, to just under £4.5billion in 2024-25, and most recently to £3.9 billion in 2025-26.
13 Aug 26
UK: Reinstated wells produced 16 million boe in 2025
North Sea operators produced an extra 16 million barrels of oil from 56 reinstated wells in 2025 as they focused on well interventions which boosted production and efficiency. The success of this campaign has been supported by a significant improvement in intervention efficiency, with the cost per barrel of oil equivalent added decreasing from £9.60/boe in 2024 to £7.60/boe in 2025. A total of 398 well interventions were carried out in the year.
13 Aug 26
UK: Leading North Sea operators back NSTA well decommissioning charter
North Sea operators have pledged to support an initiative to help them meet their well decommissioning obligations, boost the supply chain and potentially deliver significant savings for industry and taxpayers. The North Sea Transition Authority (NSTA) and 17 operators have signed a charter with a set of guiding principles, including working collaboratively to develop a smoother approach to wellhead removals.

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