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North Sea at risk unless UK ends windfall tax, industry veterans warn

North Sea at risk unless UK ends windfall tax, industry veterans warn

by Offshore Reporter | Nov 23, 2025 | Offshore

UK energy leaders Sir Ian Wood and Martin Gilbert are sounding the alarm on North Sea investment, warning that the windfall tax is accelerating job losses and undermining the region’s world-class offshore talent.

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North Sea at risk unless UK ends windfall tax, industry veterans warn

Latest News

MODEC deploys Shape Digital AI flare technology across 10 Brazil FPSOs

MDL technology supports deepwater decommissioning in Brazil’s Campos basin

Borr Drilling divests Mexico joint venture stake, retains three jackup rigs

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