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
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
