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

INEOS Energy 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 UK basin.

← Previous Next →

Latest News

Cook Inlet offshore oil and gas lease sale proposed for March 2027

Oct 9, 2026

Federal officials have proposed a March 2027 offshore oil and gas lease sale covering 1.05 million...

Transocean adds $1.1 billion to offshore drilling backlog with Equinor, Shell contracts

Oct 9, 2026

Transocean has added approximately $1.1 billion to its firm drilling backlog, including final...

Equinor awards Weatherford offshore completions work in Norwegian North Sea

Oct 8, 2026

Weatherford has secured a two-year extension of several Equinor agreements and will serve as the...

Your Portal to Offshore Decommissioning Insights

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

Latest News

Cook Inlet offshore oil and gas lease sale proposed for March 2027

Transocean adds $1.1 billion to offshore drilling backlog with Equinor, Shell contracts

Equinor awards Weatherford offshore completions work in Norwegian North Sea

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.