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.

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.

UK Government to allow oil and gas extraction near existing North Sea fields - Energy Secretary Ed Miliband said it is a ‘world-leading’ plan ...

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.

Adura, jointly owned by Shell and Equinor, is based in Aberdeen, Scotland.