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Bleak times for UK North Sea
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
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The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
Outlook 2025: Navigating the windfall tax and the future of UK energy
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy
Letter from London: Beware false prophets
The oil and gas sector’s renewed upstream activity stands in marked contrast to just a few years ago, highlighting that the market does indeed cycle
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Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
North Sea production to see minor boost
Taxation strategies in UK and Norway to continue to play important role for a region in which significant volumes of medium sour have offset the loss of similar quality Russian barrels and balanced the influx of US light sweet grades
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North Sea UK
Peter Ramsay
31 August 2021
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JOG looks towards UKCS regional electrification

Power-from-shore for the GBA project could be significantly expanded

UK independent Jersey Oil & Gas (JOG) reports “significant stakeholder interest in working collaboratively” to enable its Greater Buchan Area (GBA) development in the Central North Sea (CNS) to become an integral part of an area-wide electrification project. But the progress on a wider power-to-shore concept could come at the expense of a delay to the project’s planned timeline. In JOG’s view, regional electrification offers potential benefits to both itself and any future GBA stakeholders— a farmout process to reduce its 100pc stake is ongoing—as well as owners of neighbouring facilities through possible reductions in both capex and opex. Entry into front-end engineering and design (Fee

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