Offshore Energies UK’s annual Economic Report provides a comprehensive overview of the UK offshore energy sector’s contribution to the economy in 2026 and the opportunities and challenges shaping its future.
The report highlights the sector’s role in supporting around 245,000 UK jobs and generating £36.7 billion in gross value added each year. It explores the importance of domestic energy production to energy security, the impact of global market volatility and geopolitical events on the UK’s energy system, and the policy changes needed to unlock investment across oil and gas, offshore wind, hydrogen and carbon capture. The report also examines the opportunity presented by a pipeline of more than £105 billion in offshore energy projects over the next decade and the actions required to secure jobs, investment and long-term economic growth for the UK.
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