Offshore Energies UK’s annual Business Outlook Report provides a detailed analysis of the state of the UK’s offshore energy sector and its outlook for the decade ahead. The 2025 edition highlights the fragile investment climate, record-low energy production, and increasing reliance on imports—now meeting over 40% of the UK’s total energy demand. The report outlines the sector’s potential to unlock £200bn of investment by 2035, across oil and gas, offshore wind, CCS and hydrogen, supporting over 200,000 skilled UK jobs.
It also explores the risks of inaction, including declining domestic production, investor withdrawal, and the loss of supply chain capability. Key insights include a 9% annual decline in oil and gas output since 2020, a forecasted £115bn in UKCS energy spend by 2030, and the urgent need for fiscal and regulatory certainty to secure energy security, economic growth, and net zero ambitions.
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