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Windfall tax stays: UK decision alarms North Sea oil and gas producers

Windfall tax stays: UK decision alarms North Sea oil and gas producers

by Offshore Reporter | Nov 26, 2025 | Offshore

The UK will keep its North Sea windfall tax in place until 2030, according to the Office for Budget Responsibility, despite industry warnings that the levy is accelerating production declines, deterring investment, and threatening thousands of offshore jobs.

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