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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

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

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