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The decision keeps the effective tax rate on upstream projects at 78%, prompting new warnings that investments will continue to dwindle in the UK Continental Shelf.
Adura will become the UK North Sea’s largest independent producer by combining 12 key oil and gas assets, employing around 1,200 staff. It aims to produce more than 140,000 BOED in 2026.
Data and impartial viewpoints can help de-risk exploration portfolios and keep resource estimates in check.
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JPT Drilling and Hydraulic Fracturing Technology Review

Bold ideas, big impact. Creative thinking is reshaping unconventional development and cutting costs. Read more here.

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