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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

Norske Shell awards AGR workforce contract for Ormen Lange operations

PETRONAS unlocks more than 1 Bboe with latest Suriname discoveries

TotalEnergies sells stake in Malaysia’s Marjoram gas field to INPEX

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