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UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

by Offshore Reporter | Feb 26, 2026 | Offshore

UK officials are holding talks with North Sea oil and gas producers on potentially ending the Energy Profits Levy before its 2030 expiry, as policymakers weigh investment, energy security and jobs against climate and fiscal priorities.

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UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

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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