Outlook 2025: UK offers upstream opportunity as transition and policy evolve
The importance of the oil and gas sector to the UK and the value of its assets mean 2025 could offer new opportunities and a recovery in activity
The UK upstream continues to be under pressure as the basin ages and successive governments have leaned on the sector for increased tax revenues. The country, on the other hand, maintains a significant reliance on oil and gas for its energy requirements, and the extent to which a material pivot to renewable sources will be achieved in the coming years remains a subject of debate. As such, not only is UK oil and gas well positioned to continue making a meaningful contribution to the country’s energy use, the underlying value of the assets, infrastructure and services remains, and ongoing policy clarity during 2025 could—in our view—drive renewed opportunities for operators and a recovery in s
Also in this section
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
8 January 2026
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
