Britain’s North Sea future ‘hangs in the balance’ as windfall tax 'drives firms abroad'

1 sources1 storiesFirst seen 6/9/2026Score24Mixed Progress

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Britain has "taken the North Sea for granted" and must learn from the Norwegians if it wants to safeguard jobs and bolster energy security, an offshore expert warns.Professor John Underhill called for an end to the "demonisation of oil and gas", arguing it was vital both for keeping the lights on and ensuring a fair transition to renewable power.

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He said that while Norway has a financial framework that encouraged production, energy in the UK had become a "political football".

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TRENDING Stories Videos Your Say He said it was time to appreciate the role that the North Sea has played in the nation's fortunes since oil was first found more than half a century ago."And it could give us more," he said, "but we're not making it easy for that to happen."Britain and Norway share the same North Sea basin, but while Norway is a net...

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