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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

BW Energy pulls capex guidance as rig loss stalls Gabon drilling

Brazil’s ANP overhauls rules for assigning E&P contracts, scraps partnership review committee

Petrobras hits record 3.51 MMboed in Q3 as Búzios and Mero FPSOs ramp up

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