Plans by North Sea operators to review investments in the UK after the hike in the Energy Profits Levy, meetings of the industry and government on energy security and investment, strikes on offshore platforms, and several contracts for field upgrades featured in the UK North Sea oil and gas industry over the past month.
The hike in the UK windfall tax on the profits of oil and gas operators in the North Sea and its implications for the industry, decommissioning challenges and opportunities, and field and prospect updates featured in the UK oil and gas industry this month.
The much debated and rumoured windfall tax on profits of oil and gas companies operating in the UK North Sea dominated the conversation in the offshore energy sector in the UK in May.
The UK’s Energy Security Strategy and plans to reduce reliance on energy imports, as well as operational and development outlooks for oil and gas fields featured in the UK North Sea oil and gas sector in the past month.