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Alarm as North Sea Oil and Gas Faces 2028 Decommissioning Tipping Point as Rachel Reeves Urged to Act

Conservatives warn the 78% Energy Profits Levy extension until 2030 will deter investment and cause 1,000 monthly job losses in North Sea oil and gas, they say.

Summary by The Scotsman
The UK Labour government's energy profits levy has been partly blamed for accelerating the decline of the North Sea oil and gas industry.

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The ScotsmanThe Scotsman
Center

Alarm as North Sea oil and gas faces 2028 decommissioning tipping point as Rachel Reeves urged to act

The UK Labour government's energy profits levy has been partly blamed for accelerating the decline of the North Sea oil and gas industry.

·Scotland, United Kingdom
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scottishdailyexpressscottishdailyexpress
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Rachel Reeves will sound the death knell for North Sea oil and gas, warn Tories

Finance spokesman Craig Hoy said removing the windfall tax on North Sea oil and gas profits is the 'one non-negotiable' for the under-fire Chanceller in this week's Budget

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  • 50% of the sources are Center, 50% of the sources lean Right
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scottishdailyexpress broke the news in on Monday, November 24, 2025.
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