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Sector: Power - Oil
Project Type: Greenfield
Project Status: Planning/Pre-development
Region: Europe
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Sector: Power - Oil
Project Status: Operational
Region: Asia
Offshore Energies UK (OEUK), a trade association, has called for the government to remove the windfall tax on oil and gas profits by 2026. Meanwhile, Robert Gordon University believes the country could lose up to 20 percent of its offshore energy workforce by 2030 without urgent intervention.
Rystad Energy expects onshore Lower-48 production to fall short of the record high output of 11.37 million barrels per day (bpd) of oil, achieved in November 2023, until at least June of this year. However, this outlook faces serious downside pressure should the recent price downturn hold, forcing operators to cut back on rig activity.