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INEOS chairman says bp’s North Sea exit underscores UK’s investment challenges

INEOS chairman says bp’s North Sea exit underscores UK’s investment challenges

by Offshore Reporter | Aug 4, 2026 | Offshore

bp’s decision to market its UK North Sea business is fueling renewed calls for fiscal reform, with INEOS Energy Chairman Brian Gilvary warning that policy uncertainty is driving investment, jobs and production away from the basin.

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INEOS chairman says bp’s North Sea exit underscores UK’s investment challenges

Latest News

BW Energy pulls capex guidance as rig loss stalls Gabon drilling

Brazil’s ANP overhauls rules for assigning E&P contracts, scraps partnership review committee

Petrobras hits record 3.51 MMboed in Q3 as Búzios and Mero FPSOs ramp up

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