Yvonne Telford

1 month ago | westwoodenergy.com | Alex Middleton |Yvonne Telford

Political and fiscal uncertainty has undermined investor confidence in the UK oil and gas industry. Production is in decline, progression of new field developments has stalled, and exploration activity is at an all-time low. 22 fields ceased production in 2024 and 40% of fields that are currently producing or under development could cease economic production before 2030, based on current firm investment plans. A similar number could cease between 2030 and 2035.

1 month ago | westwoodenergy.com | Alex Middleton |Yvonne Telford

Westwood’s new Atlas Decommissioning module provides critical insight into the timing, scale and economic risks of North Sea decommissioning. London, UK, 11th March 2025 – Latest analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy firm, reveals the extent of financial and logistical hurdles for North Sea decommissioning.

Sep 29, 2023 | westwoodenergy.com | Alex Middleton |Yvonne Telford

Equinor and partner Ithaca Energy have taken the final investment decision for Phase 1 of the Rosebank development, while the NSTA has granted regulatory approval (Figure 1). The project is the highest profile sanction in recent years and has been at the heart of media, political and environmental debate. Equinor is targeting recovery of c.