The UK will allow new oil and gas production only from existing or nearby North Sea fields while extending the windfall tax to 2030, deepening industry concerns over investment and long-term supply.

The UK Government will allow new North Sea oil and gas licences tied to existing fields, while maintaining windfall taxes.

UK crude oil production is projected to average 0.53 million barrels per day in 2025 in the NSTA's updated output forecasts. The North Sea Transition Authority (NSTA) expects UK crude oil production ...

Harbour Energy is expanding its UK North Sea portfolio through a cash-accretive acquisition of Waldorf’s assets.

The UK Government will allow extraction of oil and gas near existing fields as it looks to expand North Sea production without issuing new licences. At such a critical moment in US history, we need ...

TotalEnergies has signed an agreement with NEO NEXT Energy Limited (NEO NEXT) under which TotalEnergies will merge its Upstream business with NEO NEXT and become the leading shareholder in the ...

Shell and Equinor merge UK offshore operations to form Adura, projected to produce 140,000 barrels per day, becoming the largest independent North Sea producer in 2026.

The new joint venture (JV) will focus on sustaining domestic oil and gas production and supporting energy supply security in ...