UK/UKCS
News
December 01, 2025
Harbour Energy will cut 100 more UK jobs after the government retained the Energy Profits Levy through 2030. The operator says North Sea assets are struggling to attract capital under the 78% tax burden, following earlier workforce reductions.
News
November 26, 2025
The UK government’s decision to maintain the Energy Profits Levy (EPL) at a 78% headline tax rate continues to cloud investment planning for North Sea operators, according to Alan Stewart, Aberdeen-based partner at accountancy and advisory firm MHA.
News
November 26, 2025
The UK will keep its North Sea windfall tax in place until 2030, according to the Office for Budget Responsibility, despite industry warnings that the levy is accelerating production declines, deterring investment, and threatening thousands of offshore jobs.
News
November 25, 2025
A new survey shows UK offshore and underwater supply chain firms are weighing moves overseas as oil, gas and wind projects face mounting delays. Industry leaders warn that stalled timelines and policy uncertainty are eroding competitiveness and risking long-term capacity.
News
November 25, 2025
DeepOcean is nearing completion of a fully diverless disconnection of TotalEnergies’ Gryphon Alpha FPSO—an industry first enabled by proprietary subsea tooling and a major milestone in North Sea decommissioning.
News
November 21, 2025
UK energy leaders Sir Ian Wood and Martin Gilbert are sounding the alarm on North Sea investment, warning that the windfall tax is accelerating job losses and undermining the region’s world-class offshore talent.
News
November 20, 2025
Altera Infrastructure says Aberdeen’s deep offshore expertise is driving rapid progress at Ivory Coast’s Baleine field, where the Petrojarl Kong FPSO reached first oil in just 24 months and now supports growing local content and lower-emission operations.
News
November 19, 2025
DeepOcean has won a UK North Sea subsea tie-back contract involving riser, flowline and umbilical installation, with engineering led from Aberdeen and offshore work set in two phases.
News
November 18, 2025
At the Wider African Energy Summit in Aberdeen, operators and industry groups highlighted how UK offshore engineering and project-delivery expertise could help African nations accelerate upstream growth, strengthen gas monetization and improve emissions performance.
News
November 11, 2025
Anasuria Operating Company has selected MODS Connect WorkPack and MODS Connect Completions under a new 12-month contract to digitalize project execution and completions across its UK North Sea assets.
News
November 10, 2025
Shell has canceled plans for two offshore wind projects in Scotland, returning its CampionWind lease amid higher costs and a shift in clean energy strategy.
News
November 07, 2025
Three of the UK’s leading business organizations have called on the government to abolish the Energy Profits Levy, warning that the windfall tax is deterring investment, accelerating North Sea job losses, and threatening the region’s role in the nation’s energy transition.
News
November 05, 2025
Aberdeenshire-based completions specialist Vulcan Completion Products (VCP) is marking a new stage in its global growth as its workforce approaches 40 employees and operations extend to nearly 50 countries.
Article
October 2025
This major contract award to Allseas is another milestone in TAQA’s North Sea decommissioning strategy. Removal of the 33,000-tonne topside and 12,000-tonne upper jacket will be carried out by the world’s largest heavy lift vessel.
News
October 29, 2025
Subsea Supplies has expanded its Aberdeen base and signed an exclusive UK/European distribution and service agreement with Innerspace for its full line of electric and hydraulic thrusters, strengthening subsea support and regional supply capabilities.
News
October 27, 2025
UK-based energy services provider Petrofac has applied to enter administration after a failed restructuring deal and the cancellation of a major North Sea contract, placing more than 7,000 jobs worldwide at risk.
News
October 23, 2025
The Tony Blair Institute is urging the UK government to delay its 2030 clean power target and adopt a more gradual approach to decarbonization. The think tank’s report calls for prioritizing affordable energy, warning that rapid reforms risk eroding public support for climate policy.
News
October 17, 2025
The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (boe) at the end of 2024, according to the latest Reserves and Resources Report published by the North Sea Transition Authority (NSTA).
News
October 13, 2025
Serica Energy has agreed to buy bp's 32% stake in the Culzean field, the UK’s largest offshore gas producer. The $232 million deal expands Serica’s North Sea portfolio and adds low-cost, low-emission production operated by TotalEnergies.
News
October 09, 2025
bp has started up production from the Murlach field in the UK North Sea—its sixth major upstream project of 2025. The two-well subsea tieback adds about 15,000 boed in peak output to the ETAP hub, advancing bp’s plan to deliver 10 new oil and gas projects by 2027.
News
October 07, 2025
Allseas has awarded Able Group contracts to dismantle, reuse, and recycle two of TAQA UK’s most significant North Sea platforms — Cormorant Alpha and Tern — marking one of the largest decommissioning projects ever undertaken in the region.
