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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

Cook Inlet offshore oil and gas lease sale proposed for March 2027

Transocean adds $1.1 billion to offshore drilling backlog with Equinor, Shell contracts

Equinor awards Weatherford offshore completions work in Norwegian North Sea

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