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North Sea at risk unless UK ends windfall tax, industry veterans warn

North Sea at risk unless UK ends windfall tax, industry veterans warn

by Offshore Reporter | Nov 23, 2025 | Offshore

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.

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North Sea at risk unless UK ends windfall tax, industry veterans warn

Latest News

Equinor forecasts 10%–20% production decline at Johan Sverdrup field in 2026

Akrake Petroleum completes production well at Sèmè field offshore Benin

Westwood launches MarineLogix offshore vessel intelligence platform

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