UK North Sea decommissioning spending hit a record £2.6 billion in 2025 as regulators press operators to clear a 500-well backlog.

UK North Sea decommissioning spending hit a record £2.6 billion in 2025 as regulators press operators to clear a 500-well backlog.

...the UK’s new Labour PM, Andy Burnham, is expected to support some new projects, unlike his predecessor, Sir Keir Starmer, who sought to permanently ban new drilling...