UK industry flags Brexit rig shutdown threat
North Sea activity is unlikely to halt when the UK leaves the EU, but the uncertainty isn’t helping the planning process
As negotiations over the United Kingdom's departure from the EU trudged on without resolution during the autumn, trade body Oil & Gas UK (OGUK) sought to focus minds by raising potentially uncomfortable scenarios that could result from a so-called "hard Brexit". In its annual Economic Report, OGUK warned that any shortage of European workers caused by the UK leaving the EU without a deal in place with Brussels could lead to shutdowns for some rigs. EU workers represent about 5% of the UK's oil and gas workforce-about 15,000—and a slightly higher proportion, 7%, of offshore workers. Specifically, OGUK set out the risk that emergency response-and-rescue vessel owners could face difficult

Also in this section
24 June 2025
Africa’s second-largest oil producer is creating the right conditions for the sector to try to boost output, explains Ian Cloke, COO of UK-based Afentra
24 June 2025
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
23 June 2025
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
23 June 2025
A blockade of the Strait of Hormuz would have reverberations that would sound around the world