UK

Equinor generated its first revenue from the Adura joint venture with Shell, formed in late 2025, highlighting strong early cash flow from key UK fields including Mariner and Buzzard.

The transaction creates a new company, NEO NEXT+, which is now the largest independent producer on the UK Continental Shelf.

The North Sea Transition Authority said it expects interest in carbon storage to grow after UK’s second licensing round.

The North Sea Transition Authority has advanced the UK’s plans for carbon storage by approving the drilling of a proposed appraisal well off the coast of Teesside.

In this paper, the authors review and draw lessons from the many firsts in the Teesside CO2 transportation and storage infrastructure project.

Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK.

Fugro’s entry into the UK’s small modular reactor market follows its breakthrough in the US, where it secured a contract in February to perform a geoscience site investigation for the recommissioned Palisades Nuclear Power Plant in Michigan.

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.

Regulators pull from experiences in the oil and gas industry to define best stewardship practices for the nascent CCS industry.

The service company said the cancellation of a 2-GW offshore wind project in the Netherlands means its restructuring plan can no longer be delivered.