Home
Offshore
Rachel Reeves delays plans to scrap North Sea windfall tax

Rachel Reeves delays plans to scrap North Sea windfall tax

by Offshore Reporter | Mar 4, 2026 | Offshore

The UK government has postponed plans to scrap the North Sea Energy Profits Levy after oil prices surged amid the Iran conflict, leaving producers facing the 78% tax regime for longer than expected.

← Previous Next →

Latest News

Aquaterra fabrication milestone supports UK offshore CCS development

May 20, 2026

Aquaterra Energy has moved its Recoverable Abandonment Frame system into fabrication for the...

Vår Energi extends CoreIntegrity deployment on Goliat FPSO

May 19, 2026

CoreMarine and Vår Energi are advancing long-term digital integrity management efforts on the...

McDermott reports strong first-quarter results amid Middle East uncertainty

May 19, 2026

McDermott reported first-quarter 2026 revenue of $2.4 billion and a backlog of $17.6 billion as...

Your Portal to Offshore Decommissioning Insights

Rachel Reeves delays plans to scrap North Sea windfall tax

Latest News

Aquaterra fabrication milestone supports UK offshore CCS development

Vår Energi extends CoreIntegrity deployment on Goliat FPSO

McDermott reports strong first-quarter results amid Middle East uncertainty

Categories

Subscribe to our Newsletter

Thank you for subscribing to us.

About GODA

Quick Links

Subscribe to our Newsletter

Thank you for subscribing to us.