Offshore Energies UK (OEUK), the trade body representing the North Sea oil and gas sector, has formally requested that the UK government accelerate the removal of the windfall tax on energy companies. The current policy is scheduled to expire in 2030, but the industry is pushing for a 2027 end date. OEUK proposes that the tax be replaced by a more limited levy that would only trigger during periods of extreme price volatility.

In addition to tax reform, the industry is pressuring ministers to grant final approvals for major North Sea projects, specifically the Rosebank and Jackdaw oil and gas fields. The industry argues that these measures are necessary to maintain domestic energy production and ensure security as the country faces another winter of high energy costs. While the industry frames these requests as essential for stability, the proposal comes at a time when the government is balancing climate commitments with the immediate economic pressure of rising household energy bills.