Stressing on the urgency to incentivise energy production instead of relying on imported oil and gas, Offshore Energies UK (OEUK) has expressed the need for early implementation of the government’s proposed Oil and Gas Price Mechanism as it can potentially unlock an additional £50 billion in oil and gas investment.
The body has urged a priority visit by Prime Minister Andy Burnham so that the North Sea's offshore industry stakeholders from operators to supply chain players can expect a positive shift in government attitudes towards the sector.
“The UK will still need oil and gas for decades to come. The question is whether we produce as much of that energy as possible here — supporting our own jobs, communities and economy — or rely increasingly on imports while exporting investment and economic value overseas. Government policy should back North Sea production as part of a secure and managed energy transition.
“Energy policy cannot be made in Westminster alone without listening to the people and communities who have powered this country for the last 50 years. For too long, offshore workers, engineers, technicians and those across the energy supply chain have been talked about rather than listened to. A visit to meet the North Sea workforce would demonstrate that the new Government intends to build a different relationship with the people and communities at the heart of Britain’s energy system.
"The new Prime Minister must now turn listening into action. Words of support for projects such as Jackdaw and Rosebank cannot be a substitute for the policy reset our country needs. The new Government must back North Sea oil and gas over increased reliance on imports — delivering the fiscal and regulatory reforms required to unlock investment, protect domestic jobs, strengthen energy security and support the energy transition,” said David Whitehouse, Chief Executive of OEUK.
North Sea's decades-long legacy of offshore exploration needs digital innovations to continue thriving in the current era of sustainability. The recently concluded OWI EU 2026 in Stavanger, Norway, celebrated the rich legacy of the North Sea, by fostering crossborder collaboration, digital innovation, and exchanging ideas on sustainable interventions.
Keeping up with production goals from the largely declining North Sea assets will inevitably require rapid digitalisation of the sector. As operators are now having to work under dynamic conditions, requiring fast yet accurate decisionmaking, they need the support of integrated digital platforms that combine real-time data, historical well information and advanced analytics to improve visibility across their assets. Tools, such as digital well barrier schematics, are helping reduce manual effort and enabling more consistent, standardised approaches to integrity management.
Download the report
Offshore Netwrok has recently released a report reflecting North Sea's stronghold in the global well intervention industry. The region's well intervention scene is way past the stage of new innovations and is just a few steps away from becoming an established norm. Click here to download the report.
