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UK operators meet with Chancellor Reeves on junking Energy Profits Levy

UK operators meet with Chancellor Reeves on junking Energy Profits Levy

by Offshore Reporter | Mar 4, 2026 | Offshore

North Sea operators are urging the UK government to replace the Energy Profits Levy with a new fiscal framework, saying tax reform could unlock up to £50 billion in investment and strengthen domestic oil and gas production.

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UK operators meet with Chancellor Reeves on junking Energy Profits Levy

Latest News

TotalEnergies completes UK North Sea merger, creating largest independent producer

Chariot funds Angola offshore acquisition, secures stake in Block 14 production

Serica completes TotalEnergies asset deal, establishes West of Shetland gas hub

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