North Sea collaboration shot
Report suggests that UKCS actors are slipping back into bad habits
UK North Sea industry regulators have warned of consequences for the future of the basin unless behaviours improve more quickly, after a report measuring collaborative behaviour across the UK continental shelf (UKCS) oil and gas sector revealed a decline in performance for the first time. The fifth annual Collaboration Index, by trade body Oil and Gas UK (OGUK) and financial services firm Deloitte, cautions that the North Sea could face returning to “old ways” that resulted in costs escalations and skills shortages. It further warns that the problems detailed in the report could hinder ambitions to transform the basin into a driver of the UK’s net-zero carbon economy. Plans for decarbonisin
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
