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UK Government action could ‘unlock’ 100-plus oil and gas projects, say bosses

  • Posted on September 14, 2026
  • By Evening Standard
  • 1 Views
  • 1 min read
In brief

Industry leaders argue that strategic government intervention in the UK's energy sector could catalyze over 100 new oil and gas development initiatives. According to Offshore Energies UK's latest analysis, modernizing the tax framework and adopting a balanced regulatory stance toward licensing would create substantial opportunities for energy projects. This approach seeks to balance economic growth with industrial competitiveness while addressing energy security concerns in the evolving global market.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

UK Government action could ‘unlock’ 100-plus oil and gas projects, say bosses
UK Government action could ‘unlock’ 100-plus oil and gas projects, say bosses

A report from Offshore Energies UK claimed reforms to the tax regime and a ‘pragmatic approach’ to licensing could see 111 projects go ahead.
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Author
Evening Standard

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