north sea

The UK’s North Sea Transition Authority has approved the first phase of development at Equinor and Ithaca's Rosebank oil and gas project.

Allianz Commercial has revealed that damage to export cables is one of the top causes of offshore wind claims.

The UK government has announced changes to the Energy Profits Levy, which put a marginal tax rate of 75% on North Sea oil and gas company profits which will see the tax rate fall back to 40% if prices “consistently return to normal levels for a sustained period.” 

The Energy and Climate Intelligence Unit (ECIU), a nonprofit advisory group, has published research predicting that current government policies for heating new and existing homes will dramatically increase foreign gas dependence. 

The Energy and Climate Intelligence Unit (ECIU) says that current UK government policies will leave British consumers dependent on foreign gas imports into the 2030s. 

Nations present at the North Sea Summit have agreed to a combined target of 120GW of offshore wind capacity in the North Sea by 2030.

The Net Zero Technology Centre (NZTC) has highlighted the need to back the creation of demonstration centres around the UK to drastically reduce the costs associated with low-carbon technologies.