UK/UKCS
News
March 30, 2026
TotalEnergies has completed the merger of its UK North Sea upstream assets with NEO NEXT, forming NEO NEXT+—now the largest independent producer on the UK Continental Shelf, with expected 2026 output exceeding 250,000 boed and a strengthened platform for operational synergies and cash flow growth.
News
March 27, 2026
IKM Testing UK has been awarded a contract to deliver pre-commissioning services for CO₂ pipeline infrastructure on the Northern Endurance Partnership project, supporting development of the UK’s East Coast carbon capture cluster and offshore storage in the North Sea.
News
March 26, 2026
Serica Energy has completed its acquisition of a 40% operated interest in TotalEnergies’ Greater Laggan Area assets, establishing a new operated hub West of Shetland with ~5,000 boed net production and multiple gas-focused growth opportunities.
News
March 24, 2026
EnerMech has secured a five-year contract to deliver crane management and lifting services on the Kraken FPSO in the UK North Sea, supporting offshore operations with integrated crewing and expanded service scope.
News
March 19, 2026
The UK and allied nations are urging Iran to halt attacks on energy infrastructure and restore shipping through the Strait of Hormuz, as disruptions threaten global oil and gas supply chains and intensify pressure on energy markets.
News
March 18, 2026
Petrodec has completed a major decommissioning project in the UK Southern North Sea using its OBANA heavy-lift jack-up vessel, removing multiple platform jackets and topsides from the Amethyst and Galahad gas fields.
News
March 18, 2026
UK industry group Offshore Energies UK is urging reform of the North Sea windfall tax, saying changes could unlock £50 billion in investment, boost domestic gas production and significantly reduce the country’s reliance on LNG imports.
News
March 18, 2026
IMI will supply ultra-high-pressure control valves for a North Sea offshore project, supporting chemical injection systems operating above 600 bar and enabling precise pressure control and flow assurance in severe service conditions.
News
March 12, 2026
Equinor is preparing to launch drilling operations at the Rosebank field west of Shetland, part of a major UK offshore development that will include subsea wells tied back to a redeployed FPSO.
News
March 04, 2026
The UK government has postponed plans to scrap the North Sea Energy Profits Levy after oil prices surged amid the Iran conflict, leaving producers facing the 78% tax regime for longer than expected.
News
March 04, 2026
North Sea operators are urging the UK government to replace the Energy Profits Levy with a new fiscal framework, saying tax reform could unlock up to £50 billion in investment and strengthen domestic oil and gas production.
News
February 27, 2026
Bilfinger has secured offshore and onshore maintenance contracts in the UK, including access and fabric services for Ithaca Energy’s Cygnus gas field and work at the St Fergus SAGE Terminal, expanding its North Sea operations footprint.
News
February 26, 2026
UK officials are holding talks with North Sea oil and gas producers on potentially ending the Energy Profits Levy before its 2030 expiry, as policymakers weigh investment, energy security and jobs against climate and fiscal priorities.
News
February 17, 2026
Oil States, THREE60 Energy and Innovair have formed a strategic alliance to deliver integrated inspection, engineering and repair solutions for offshore caisson integrity across global oil and gas assets.
News
January 27, 2026
Former OPEC president and Nigerian oil minister Diezani Alison-Madueke has gone on trial in London, accused of accepting cash bribes and luxury benefits in exchange for awarding oil-sector contracts during her time in office.
News
January 16, 2026
OEG is ramping up OPITO-accredited helicopter refueling training as the offshore sector prepares for mandatory CAA CAP 437 certification requirements for helicopter landing areas expected in 2026.
News
January 16, 2026
New Scotland-wide polling shows strong public support for full North Sea oil and gas development, highlighting concerns over jobs, imports, and UK energy security.
News
January 15, 2026
Oxford Flow has appointed Andrew Hodgson as executive chair, succeeding David Hill, as the UK-based flow control equipment specialist moves into its next phase of international growth.
News
January 14, 2026
Shell and Exxon have pulled a planned sale of strategic UK North Sea gas assets to Viaro, citing unresolved regulatory and market conditions after months of review.
News
January 13, 2026
INEOS has criticized the UK’s net-zero strategy after a report from the Institute of Economic Affairs (IEA) estimated decarbonization costs could reach £7.6 trillion, raising concerns over industrial competitiveness and energy security.
Article
December 2025
Uncertainty continues to cloud investment on the UK Continental Shelf, as high taxation, limited licensing, declining production and policy shifts reshape the UK energy outlook to 2050.
