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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

Vietnam advances offshore gas project with development approval

World’s largest heavy-lift jackup completes UK North Sea decommissioning

OEUK urges scrapping windfall tax to boost UK gas output, energy security

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